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Does relationship matter? The choice of financial advisors

Francis, Bill B.; Hasan, Iftekhar; Sun, Xian - Suomen Pankki - 2012

Using a sample of U.S. mergers and acquisitions, this study evaluates how banking relationships influence acquirers’ choice of financial advisors. Specifically, it examines: i) acquirers’ previous relationships with advisors in various financial activities: M&A advisories, equity issuings...

Persistent link: https://www.econbiz.de/10010584390

In search of concepts: The effects of speculative demand on returns and volume

ap Gwilym, Owain; Wang, Qingwei; Hasan, Iftekhar; Xie, Ru - Suomen Pankki - 2013

Using a novel proxy of investors’ speculative demand constructed from online search interest in “concept stocks”, we examine how speculative demand affects the returns and trading volume of Chinese stock indices. We find that returns and trading volume increase with the contemporaneous...

Persistent link: https://www.econbiz.de/10010691919

Home preference at selecting financial advisors in cross-border M&As

Francis, Bill B.; Hasan, Iftekhar; Sun, Xian - Suomen Pankki - 2012

This paper examines the determinants of the choice of financial advisors and their impact on the announcement effects of US acquirers in cross-border M&As. Two hypotheses are tested: one pertains to the acquiring firms’ home preference in selecting financial advisors, and the other relates to...

Persistent link: https://www.econbiz.de/10010587737

Household optimism and borrowing

Hyytinen, Ari; Putkuri, Hanna - Suomen Pankki - 2012

related to the subsequent outcomes. We use the difference between the two to measure forecast errors and household optimism … and link the errors to households’ borrowing behaviour. We find that households making greatest optimistic forecast errors … attentive to forecast errors than their pessimistic counterparts when forming their expectations for a subsequent period. …

Persistent link: https://www.econbiz.de/10010819005

Finnish consumers' expectations on developments and changes in payment habits. Survey in connection with the research project 'Finnish payment habits 2010'

Dahlberg, Tomi; Öörni, Anssi - Suomen Pankki - 2006

The Bank of Finland’s Finnish Payment Habits 2010 project predicts that Finnish payment habits will face substantial changes. The causes for these changes include: the standardisation and integration of European payment systems, development of payment services-related legislation and...

Persistent link: https://www.econbiz.de/10005190760

Descriptive analysis of the Finnish stock market: Part II

Nyberg, Peter; Vaihekoski, Mika - Suomen Pankki - 2014

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...

Persistent link: https://www.econbiz.de/10010818973

Descriptive analysis of Finnish equity, bond and money market returns

Nyberg, Peter; Vaihekoski, Mika - Suomen Pankki - 2011

This paper gathers the longest available historical monthly return series for the Finnish equity, bond and money markets as well as inflation. The series are analysed to calculate the statistical characteristics of the returns investors would have received in these markets. We also survey...

Persistent link: https://www.econbiz.de/10009643485

Simulation analyses and stress testing of payment networks

Leinonen (ed), Harry - Suomen Pankki - 2009

This publication consists of ten separate studies on payment and settlement systems employing simulation techniques. Most of these were carried out using the payment and settlement system simulator BoF-PSS2 provided by the Bank of Finland. The preliminary versions were presented at the annual...

Persistent link: https://www.econbiz.de/10008774214

Simulation studies of liquidity needs, risks and efficiency in payment networks

Leinonen (ed), Harry - Suomen Pankki - 2007

This publication consists of nine separate studies on payment and settlement systems conducted using simulation techniques. Most have been carried out using the payment and settlement system simulator BoF-PSS2 provided by the Bank of Finland. The preliminary versions were presented at the annual...

Persistent link: https://www.econbiz.de/10008774230

A new value-weighted total return index for the Finnish stock market

Nyberg, Peter; Vaihekoski, Mika - Suomen Pankki - 2009

This paper presents a new monthly value-weighted, all-share total return index for the Finnish stock market. The index covers the period from the establishment of the Helsinki Stock Exchange in October 1912 to the beginning of 1970, after which the WI index by Berglund et al (1983) and later in...

Persistent link: https://www.econbiz.de/10008577785