Are you an investor facing an obstacle you dont know how to overcome? Are you ready to invest, but not sure how to reduce your risks? There are two important things you must do to be a savvy investor: make good investment decisions and avoid costly mistakes. As important as good investments are,...

Investment Traps Exposed helps investors and investment practitioners increase their awareness about the external and internal traps that they or their clients can encounter. Baker and Puttonen not only examine common investing mistakes, behavioral biases, and investment traps that can ensnare...

When you think about investing, what words come to mind? Overwhelming? Intimidating? Scary?Investors face a vast array of investment options vying for their business. They are aware that some of those providing these "opportunities" seek to take advantage of them. And although most investors...

Purpose: The purpose of this paper is to study how the target fund in mutual fund mergers performed compared to the acquiring funds had they not been merged but continued on their own as buy-and-hold portfolios. Design/methodology/approach: The authors develop a novel approach to examine...

This paper examines the efficiency of the relatively new Finnish futures market. Firstly, the relevant aspects of prior studies are incorporated into the futures pricing model. Large and persistent violations of the arbitrage conditions are reported in the empirical tests. The results from ex...

This paper reports some tests of Scandinavian stock market indices. Firstly, Granger causality tests of daily Swedish, Norwegian, Danish and Finnish stock returns are performed. Secondly, the effects of world-wide returns on these four Scandinavian markets are analysed. Some causality between...

This paper investigates the hypothesis of sequential information arrival in the Finnish stock index futures and options markets. With no short selling restrictions in the derivatives markets, no causality relationships between returns and trading volume are observed. However, by using the...