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Does company name matter? Evidence from Finnish stock market

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.advisor Luotonen, Niilo
dc.contributor.author Kunnari, Matias
dc.date.accessioned 2021-01-24T17:02:54Z
dc.date.available 2021-01-24T17:02:54Z
dc.date.issued 2020
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/102009
dc.description.abstract Multiple studies both from psychology and from finance suggest that investors in equity markets tend to favor fluent and familiar names when choosing companies to invest in. This study provides novel information on the role of company names in the Finnish stock market. Studying the data collected from the stocks listed in NASDAQ OMX Helsinki between 2010 and 2020, I find positive correlations between company name Finnishness, stock turnover and firm valuation. Cross-sectional panel regression shows that companies with more Finnish names have higher stock turnover and are traded at premiums in comparison to companies with not so Finnish names. The results show clear similarities to earlier research made elsewhere and further validates the results of previous studies. The results are significant and robust with alternative regressions too. en
dc.format.extent 24
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.title Does company name matter? Evidence from Finnish stock market en
dc.type G1 Kandidaatintyö fi
dc.contributor.school Kauppakorkeakoulu fi
dc.contributor.school School of Business en
dc.contributor.department Rahoituksen laitos fi
dc.subject.keyword company name en
dc.subject.keyword domestic holding ratio en
dc.subject.keyword trading volume en
dc.subject.keyword firm value en
dc.identifier.urn URN:NBN:fi:aalto-202101241319
dc.type.ontasot Bachelor's thesis en
dc.type.ontasot Kandidaatintyö fi
dc.programme Rahoitus en

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