Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212285 
Year of Publication: 
2014
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 10/2014
Publisher: 
Bank of Finland, Helsinki
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%.
Subjects: 
Stock market
financial history
dividend yield
capitalization values
trading turnover
Finland
Helsinki Stock Exchange
Nasdaq OMX
JEL: 
G10
G11
N24
Persistent Identifier of the first edition: 
ISBN: 
978-952-6699-76-9
Document Type: 
Working Paper

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