Descriptive Analysis of the Finnish Stock Market: Part II

34 Pages Posted: 19 Mar 2014

See all articles by Peter M. Nyberg

Peter M. Nyberg

Aalto University

Mika Vaihekoski

University of Turku - Turku School of Economics

Date Written: March 14, 2014

Abstract

This paper continues the data collection procedure and analysis set forth in Nyberg and Vaihekoski (2009). A number of new time series that are commonly used in finance literature are collected, created, and analyzed for the first time. These series include, among others, monthly dividend yields and market capitalization values. The series are also compared with GDP to evaluate the overall role of the stock market in the Finnish economy. The value-weighted average dividend yield from 1912 to 1988 is 4.98%. The average stock market capitalization to GDP ratio is found to be 15.14%.

Keywords: stock market, financial history, dividend yield, capitalization values, trading turnover, Finland, Helsinki Stock Exchange, Nasdaq OMX

JEL Classification: G10, G11, N24

Suggested Citation

Nyberg, Peter Mikael and Vaihekoski, Mika, Descriptive Analysis of the Finnish Stock Market: Part II (March 14, 2014). Bank of Finland Research Discussion Paper No. 10/2014, Available at SSRN: https://ssrn.com/abstract=2410221 or http://dx.doi.org/10.2139/ssrn.2410221

Peter Mikael Nyberg (Contact Author)

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

Mika Vaihekoski

University of Turku - Turku School of Economics ( email )

Turku, 20014
Finland

HOME PAGE: http://users.utu.fi/moovai/

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
134
Abstract Views
862
rank
236,207
PlumX Metrics