What is it about?
This paper creates a new stock market index for the Helsinki Stock Exchange in Finland. The old index developed by Nyberg and Vaihekoski (2009) had some shortcomings which have been addressed in this paper. Most notably, the secondary source data has been replaced by the primary source which allows for a number of improvements while constructing the index.
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Why is it important?
High-quality, long-term stock market indices are important for portfolio and risk managers, and academic researchers alike.
Perspectives
The history of financial markets is one of my research interests. This article continues the work that started already in 2009 together with my colleague. At that time we published two articles and some discussion papers. The second "phase" of this research project started a few years ago. This is the second paper to come out as a result (the first one was published last year in the Financial History Review).
Professor Mika Vaihekoski
Turun Yliopisto
Read the Original
This page is a summary of: Revisiting Stock Market Index for the Helsinki Stock Exchange 1912–1981, Journal of Risk and Financial Management, February 2024, MDPI AG,
DOI: 10.3390/jrfm17030090.
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