Stock returns and classification pattern of firm-specific financial variables: empirical evidence with Finnish data

Article Abstract:

The study examines the connection between first-hand classification patterns of firm-specific financial variables and stock returns in Finland's stock exchange market. Research was based on evidence that there are 4 financial characteristics of a firm which determine common stock returns: profitability, financial leverage, operating leverage and corporate development. Overall results show that the marginal utility of the evaluation of a large number of finanical ratios is low and that corporations should focus on a selective few for better results.

Finland, Management, Stocks, Stock-exchange, Stock exchanges

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Diversification with American Depository Receipts: the dynamics and the pricing factors

Article Abstract:

A study was conducted to determine the roles of American Depository Receipts (ADRs) in international diversification and to examine the relationships between ADRs portfolios and local market portfolios. The ADRs of the countries such as UK, Spain, Sweden, Australia, Japan, France, Netherlands and South Africa, which are listed on the New York Stock Exchange, were examined. Results revealed that investing in ADRs offers significant improvement in the risk-return trade-off.

Diversified Companies, Diversification Analysis, Research, Conglomerate corporations, International aspects, American depository receipts, American depositary receipts, Business planning

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