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auctions during the period 1992-99. Average underpricing amounts to .041% of face value. Theory suggests that underpricing may … behind bidder behavior and underpricing is the volatility of bond returns. Since there is no evidence that bidders are risk …
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Private providers are often acquired through public procurements to provide publicly financed health services. The number of contracted providers and their capacity often turns out to be deficient during the contract period. Typically, the purchasers then organize additional procurements or...
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Earlier behavioral finance research has found that individual investors' familiarity with companies' products may spill over to affect their decisions to invest in the companies' stocks. However, what has not been confirmed is whether also subjective product evaluations spill over to affect...
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return stock market index for Finland in an approach similar to Mehra and Prescott (2003), we find the equity premium for … Finland to be 10.14 per cent from 1913 to 2009.​ …
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empirical findings, based on a quarterly dataset from Finland over 1970-2006, do not support the hypothesis of diminished co …
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compete closely with one another. Specifically, controlling for cross-country sector and industry effects between Finland and …
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