Are foreign investors still beating the Finnish investors? Compering returns of foreign and domestic investors in Finland

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dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorLof, Matthijs
dc.contributor.authorIhalainen, Arttu
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2017-08-17T08:19:30Z
dc.date.available2017-08-17T08:19:30Z
dc.date.issued2016
dc.description.abstractMy study compares foreign and domestic investors’ performance in the Finnish stock markets during 2010-2016. I find that the Finnish investors had higher cumulative returns than the foreign investors. Also, the domestic investors have a higher expected Sharpe ratio. However, after conducting Fama-French three factor risk adjustment neither of the investment groups doesn’t have significant alphas. It seems that the investor groups have the same expected returns but their strategies and trading behaviour differ. This can be applied to the research of the home bias puzzle.en
dc.format.extent19
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/27661
dc.identifier.urnURN:NBN:fi:aalto-201708176565
dc.language.isoenen
dc.programmeRahoitusfi
dc.subject.keywordforeign investors' performanceen
dc.subject.keyworddomestic invetors' performanceen
dc.subject.keywordhome biasen
dc.subject.keywordbehavioral financeen
dc.titleAre foreign investors still beating the Finnish investors? Compering returns of foreign and domestic investors in Finlanden
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi
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