Employee layoff announcements and shareholder wealth: empirical evidence from Finland 2008-2013

This thesis investigates the short-term stock price reaction to layoff announcements in Finland. It also studies whether the characteristics of the firm or the layoff announcement have an impact on the stock market reaction. Standard event study methodology was utilized to examine the stock price reactions to layoffs and to test the created hypotheses. The event pool consisted of 102 publicly disclosed layoff announcements that were announced during the time period from June 2008 to December 2013. The empirical results show that the stock market reaction is strongly positive in the pre-event period of -10 to -1 with CAAR of 2,69%. The reaction is however slightly negative on the event date with AAR of -0,57%. Based on the results the conclusion is that either the managers are timing the markets or the layoffs are seen as efficiency improving acts and the market becomes aware of such actions pre-event. Additionally different characteristic hypotheses are tested to find out whether they would explain the reaction. The characteristics are: the reason stated by the management, business cycle, industry group, prior performance, leverage-ratio, the size of the company, the size of the layoff and the duration of the layoff.

Vem är jag, vem är vi, vem är vem i vårt land? : kontextens betydelse för gruppidentifikation och stereotypier bland svensk- och finskspråkiga i Finland och Sverige

Anna Henning-Lindblomin väitöskirja Vem är jag, vem är vi, vem är vem i vårt land? : kontextens betydelse för gruppidentifikation och stereotypier bland svensk- och finskspråkiga i Finland och Sverige (Helsingin yliopisto 2012).

Mobile Banking and Mobile Payments: Changing Banking Services in Finland

The purpose of this thesis is to examine how mobile banking and mobile payments services will change the banking sector in Finland, and what role non-bank companies from the IT and telecom industries will play in this process. The thesis consists of a literature review and a qualitative study. The literature review forms a comprehensive overview of mobile banking and mobile payments services. The qualitative research was conducted as a descriptive study, focusing on the views of bank and non-bank players. The results show that banks have a significant advantage over their IT and telecom rivals in regards to their service offering, financial buffer, and status as trustworthy institutions. The banks’ embrace of mobile financial services will change the Finnish banking sector into one, with a light branch network focused on sales power, and a heavy emphasis on new mobile devices providing service power regardless of time and place.

Geologisk kart over de Skandinaviske lande og Finland

Kartta kuuluu A. E. Nordenskiöldin kokoelmaan

Karta öfver Sverige, Norge, Danmark och Finland : under ledning af O. Torell

Kartta kuuluu A. E. Nordenskiöldin kokoelmaan

[Karta öfver Sverige, Norge, Danmark och Finland : under ledning af O. Torell

Kartta kuuluu A. E. Nordenskiöldin kokoelmaan

Ägodelnings-karta från Finland : [Eriksnäs m.fl. egendomar i Sibbo socken]

Kartta kuuluu A. E. Nordenskiöldin kokoelmaan

Fick-tidtabell för bantågen å Statsjernvägarne i Finland : fr.o.m. den 1 okt. (19 sept.) 1884 tillsvidare : med karta = Tasku-aikataulu junille Valtionrautateillä Suomessa : 1 p:stä lokakuuta (19 p:stä syysk.) 1884 toistaiseksi : ynnä kartta

Kuuluu A. E. Nordenskiöldin kokoelmaan

Fick-tidtabell för bantågen å Statsjernvägarne i Finland : fr.o.m. den 1 okt. (19 sept.) 1885 tillsvidare : med ny karta = Tasku-aikataulu junille Valtionrautateillä Suomessa : 1 p:stä lokakuuta (19 p:stä syysk.) 1885 toistaiseksi : ynnä uusi kartta

Kuuluu A. E. Nordenskiöldin kokoelmaan

Geologisk öfversigts karta öfver Finland

Kartta kuuluu A. E. Nordenskiöldin kokoelmaan

Suomenmaan kartasto = Kartbok öfver Finland

Kartta kuuluu A. E. Nordenskiöldin kokoelmaan

Geografisk och historisk karta öfver Finland till skolornes bruk

Kartta kuuluu A. E. Nordenskiöldin kokoelmaan

Congenital upper limb defects in Finland 1993-2005

Background: Interest in limb defects has grown after the thalidomide tragedy in the 1960s. As a result, congenital malformation registries, monitoring changes in birthprevalence and defect patterns, have been established in several countries. However, there are only a few true population based studies on birth prevalence of upper limb defects. The burden of hospital care among these children, specifically in terms of the number of admissions and total time spent in hospital, is also unknown. Aims and Methods: This study is based on information gathered from the Finnish Register of Congenital malformations (FRM) and the Finnish Hospital Discharge Register (FHDR). A total of 417 children born between 1993 and 2005 with an upper limb defect were gathered from the FRM. The upper limb defects were classified using the International Federation of Societies for Surgery of the Hand -classification that enables comparison with previous and future studies. Birth and live birth prevalence, sex and side distribution, frequency of associated anomalies as well as the proportion of perinatal and infant deaths according to the different subtypes were calculated. The number of hospital admissions, days spent in hospital, number and type of surgical operations were collected from the FHDR. Special features of two subgroups, radial ray defects (RRD) and constriction band syndrome (CBS), were explored. Results: Upper limb defects were observed in 417 of 753 342 consecutive births and in 392 of 750 461 live births. Birth prevalence was 5.5 per 10 000 births and 5.2 per 10 000 live births. Multiple anomalies or a known syndrome was found in 250 cases (60%). Perinatal mortality was 139 per 1000 births and infant mortality 135 per 1000 live births (overall Finnish perinatal mortality <5 per 1000 births and infant mortality 3.7 per 1000 live births). Altogether, 138 infants had RRD and 120 (87%) of these had either a known syndrome or multiple major anomalies. The proportion of perinatal deaths in RRD group was 29% (40/138) and infant deaths 35% (43/123). Fifty-one children had CBS in upper limbs. Fifteen of these (29%) had other major anomalies associated with constriction rings. The number of hospital admissions per year of children with congenital upper limb defects was 11-fold and the time spent in hospital 13-fold as compared with the general paediatric population. Conclusions: Birth prevalence of congenital upper limb defects was 5.5 per 10 000 births and 5.2 per 10 000 live births. RRD was especially associated with other major anomalies and high mortality. Nearly one third of the children with CBS also had other major anomalies suggesting different aetiologies inside the group. The annual burden of hospital care of children with congenital upper limb defects was at least 11-fold as compared with the general paediatric population.

Recent developments in Finland – Open Science, IT infrastructures

Presentation of Kristiina Hormia-Poutanen at the LIBER Board meeting, February 19, 2015 in Helsinki.

Design, implementation, and evaluation of an online water quality monitoring system in Lake Saimaa, Finland

Environmental threats are growing nowadays, they became global issues. People around the world try to face these issues by two means: solving the current affected environs and preventing non-affected environs. This thesis describes the design, implementation, and evaluation of online water quality monitoring system in Lake Saimaa, Finland. The water quality in Lake Saimaa needs to be monitored in order to provide responsible bodies with valuable information which allows them to act fast in order to prevent any negative impact on the lake's environment. The objectives were to design a suitable system, implement the system in Lake Saimaa, and then to evaluate the applicability and reliability of such systems for this environment. The needs for the system were first isolated, and then the design, needed modifications, and the construction of the system took place. After that was the testing of the system in Lake Saimaa in two locations nearby Mikkeli city. The last step was to evaluate the whole system. The main results were that the application of online water quality monitoring systems in Lake Saimaa can benefit of many advantages such as reducing the required manpower, time and running costs. However, the point of unreliability of the exact measured values of some parameters is still the drawback of such systems which can be developed by using more advanced equipments with more sophisticated features specifically for the purpose of monitoring in the predefined location.