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Integration of the Finnish Stock Market into the Swedish and US Stock Markets
Martikainen, Teppo; Virtanen, Ilkka; Yli-Olli, Paavo - In: Economic systems research : journal of the … 5 (1993) 4, pp. 409-418
Persistent link: https://www.econbiz.de/10007716981
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Stochastic modeling of security returns: Evidence from the Helsinki Stock Exchange
Geoffrey Booth, G.; Hatem, John; Virtanen, Ilkka; … - In: European Journal of Operational Research 56 (1992) 1, pp. 98-106
Persistent link: https://www.econbiz.de/10005287297
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Optimal maintenance policy and planned sale date for a machine subject to deterioration and random failure
Virtanen, Ilkka - In: European Journal of Operational Research 9 (1982) 1, pp. 33-40
Persistent link: https://www.econbiz.de/10005287416
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Deriving the Internal Rate of Return from the Accountant's Rate of Return: A Simulation Testbench
Salmi, Timo; Virtanen, Ilkka - Kansantaloustieteen laitos, Kauppatieteellinen tiedekunta
This paper presents a realistic simulation testbench for evaluating the various methods for estimating the long-term profitability of business firms in terms of the internal rate of return (IRR) of their capital investments. The simulation model extends the earlier, rigid approaches by...
Persistent link: https://www.econbiz.de/10005793615
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On the Classification of Financial Ratios; A Factor and Transformation Analysis of Accrual, Cash Flow, and Market-Based Ratios
Salmi, Timo; Virtanen, Ilkka; Yli-Olli, Paavo - Sci.Finance.Abstract
Factor and transformation analysis are used to find stable categories of financial ratios, and to test hypotheses concerning accrual ratios, cash flow ratios, and market-based ratios. Six stable factors are observed for Finnish data covering 1974-84. Contrary to expectations market-based ratios...
Persistent link: https://www.econbiz.de/10005796366
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Deriving the Internal Rate of Return from the Accountant's Rate of Return; A Simulation Testbench
Salmi, Timo; Virtanen, Ilkka; ts@uwasa.fi; itv@uwasa.fi - Sci.Finance.Abstract
This paper presents a realistic simulation testbench for evaluating the various methods for estimating the long-term profitability of business firms in terms of the internal rate of return (IRR) of their capital investments. The simulation model extends the earlier, rigid approaches by...
Persistent link: https://www.econbiz.de/10005796368
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Some Empirical Tests of the Arbitrage Pricing Theory Using Transformation Analysis.
Yli-Olli, Paavo; Virtanen, Ilkka - In: Empirical Economics 17 (1992) 4, pp. 507-22
The purpose of this paper is to test the Arbitrage Pricing Theory (APT) using monthly data for Finnish stock returns during the 1970-86 period. The first stage involves estimating the systematic risks for each asset using factor analysis. The second stage involves testing by transformation...
Persistent link: https://www.econbiz.de/10005166734
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Editorial
Martikainen, Teppo; Virtanen, Ilkka; Yli-Olli, Paavo - In: European Journal of Operational Research 74 (1994) 2, pp. 197-581
Persistent link: https://www.econbiz.de/10005277574
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Nonlinear dependence in Finnish stock returns
Booth, G. Geoffrey; Martikainen, Teppo; Sarkar, Salil K.; … - In: European Journal of Operational Research 74 (1994) 2, pp. 273-283
Persistent link: https://www.econbiz.de/10005277844
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On the long-term stability and cross-country invariance of financial ratio patterns
Yli-olli, Paavo; Virtanen, Ilkka - In: European Journal of Operational Research 39 (1989) 1, pp. 40-53
Persistent link: https://www.econbiz.de/10005277998