Professor Seppo Pynnonen
Department of Mathematics and Statistics, University of Vaasa

Books and Articles in Books and Collections

  1. Kolari, James, Wei Liu, and Seppo Pynnonen (2024). Professional Investment Portfolio Management: Boosting Performance with Machine-Made Portfolios and Market Evidence. Palgrave Macmillan, Cham, Switzerland.
  2. Wei Liu, James Kolari, and Seppo Pynnonen (2023). The CAPM Is Not Dead: It Works Better for Average Daily Returns, in Ed. Gabriela Prelipcean, Investment Strategies - New Advances and Challenges, IntechOpen Limited, London, UK, 2023. (https://www.intechopen.com/online-first/87693)
  3. Kolari, James, W. and Seppo Pynnonen (2023). Investment Valuation and Asset Pricing: Models and Method. Palgrave Macmillan, Cham, Switzerland. Springer Link
  4. Kolari, James, W. and Seppo Pynnonen (2022) (eds). Frontiers of Asset Pricing. Special Issue in Journal of Risk and Financial Management.
  5. Pynnönen, Seppo (2021). Partially overlapping event windows and testing cumulative abnormal returns in financial event studies. In Contributions to Mathematics and Statistics : Essays in honor of Seppo Hassi. Acta Wasaensia No 462, Eds H.S.V. de Snoo and H.L. Wietsma. [https://urn.fi/URN:ISBN:978-952-476-960-0]
  6. Nikkinen, Jussi and Seppo Pynnonen (2007). The weekend effect on implied volatility in option valuation. In Contributions to Accounting and Finance. Essays in Honor of Professor Paavo Yli-Olli. Acta Wasaensia No. 173, Business Administation 73, Accounting and Finance, Eds Timo Rothovius and Jussin Nikkinen.
  7. Pynnonen, Seppo, Warren P. Hogan, and Jonathen A. Batten (2006). Dynamic equilibrium correction modelling of yen Eurobond credit spreads. In Japanese Fixed Income Markets: Money, Bond, and Interest Rate Derivatives (Eds. Peter Szilagyi, Tom Feterston, and Jonathan Batten), Elsevier.
  8. Pynnonen, Seppo (2006). Conditional contemporaneous correlation among European emerging markets. In International Finance Review, Vol. 6 -- Emerging European Financial Markets: Independence and Integration Post-Enlargement, pp. 325--352, (eds. Jonathan A. Batten and Colm Kearney) Elsevier JAI.
  9. Pynnonen, Seppo (2005). On regression based event study. In Contributions to Accounting, Finance, and Management Science. Essays in Honor of Professor Timo Salmi. Acta Wasaensia No. 143, Business Administration 59, Accounting and Finance, Eds Erkki K. Laitinen and Teija Laitinen. [pdf]
  10. Pynnonen, Seppo, Warren Hogan, and Jonathan Batten (2004). Dynamic equilibrium correction modelling of credit spreads. The case of yen Eurobonds.In Contributions to Management Science, Mathematics and Modelling. Essays in Honor of Professor Ilkka Virtanen. Acta Wasaensia No. 122, 1987--204. Eds Matti Laaksonen and Seppo Pynnonen. [pdf]
  11. Laaksonen, Matti and Seppo Pynnonen (editors) (2004). Contributions to Management Science, Mathematics and Modelling. Essays in Honor of Professor Ilkka Virtanen. Acta Wasaensia, No 122.
  12. Pynnonen, Seppo (2004). Finland, Iceland, Norway and Sweden. In European Fixed Income Markets: Money, Bond and Interest Rate Derivatives, pages 211--228. Edited by Jonathan A. Batten, Thomas A. Fetherston and Peter G. Szilagyi, Wiley.
  13. Kuurila, Kaija, Seppo Pynnonen and Reidar Grenman (2003). Stapes surgery in osteogenesis imperfecta in Finland. In Hearing Loss, Balance Problems and Molecular Defects in Osteogenesis Imperfecta--A Nationwide Study in Finland. Doctor's thesis by Kaija Kuurila. Annales Universitatis Turkuensis, Ser. D Medica-Odontologica.
  14. Hartikka, H., K. Kuurila, Jarmo Körkkö, I. Kaitila, R. Grenman, S. Pynnonen, JC. Hyland, L. Ala-Kokko (2003). Osteogenesis imperfecta: Correlation to molecular genetic findigs with hearing loss and other clinical features. In Hearing Loss, Balance Problems and Molecular Defects in Osteogenesis Imperfecta--A Nationwide Study in Finland. Doctor's thesis by Kaija Kuurila. Annales Universitatis Turkuensis, Ser. D Medica-Odontologica.
  15. Batten, Jonathan, Warren Hogan and Seppo Pynnonen (2003). The time-varying behaviour of credit spreads on Yen Eurobonds. In International Financial Review, volume 4, Japanese Finance: Corporate Finance and Capital Markets in Changing Japan, pages 383--408. Edited by Jay Choi and Takato Hirako, Elsevier Ltd. [Abstract]
  16. Knif, Johan, James Kolari, and Seppo Pynnonen (2003). Market condtions, inflation shocks and stock-market overreaction. In Statisics, Econometrics and Society: Essays in honor of Leif Norberg. Eds. Rune Höglund, Markus Jäntti, and Gunnar Rosenquist, Statistics Finland, Research Reports 238, pp. 55-67.
  17. Luoma, Martti and Seppo Pynonen (2003). Fuzzy clustering as a tool for finding candidates for multiple outliers in linear regression. In Statisics, Econometrics and Society: Essays in honor of Leif Norberg. Eds. Rune Höglund, Markus Jäntti, and Gunnar Rosenquist, Statistics Finland, Research Reports 238, pp. 137-153.
  18. Batten, Jonathan, Warren Hogan and Seppo Pynnönen (2002). Long-Term Equilibrium in High-Grade Yen Bond Markets. In Asia-Pacific Fixed Income Markets: An Analysis of the Region's Money, Bond and Derivatives Markets, edited by Jonathan A. Batten and Thomas A. Fetherston, Wiley: Singapore, pp. 159--182.
  19. Knif, Johan and Seppo Pynnonen (2002). Common volatility components in international stock markets. In Financial Services in Evolving Global Marketplace Editors Esmeralda O. Lyn and George J. Papaioannou. Frank G. Zarb School of Business, Hofstra University, New York, pp. 41--50. [ Abstract] [pdf]
  20. Knif, Johan and Seppo Pynnonen (2001). Local and global price memory of international stock markets. In International Securities, Volumes 1&2, edited by G. Philippatos and G. Koutmos. This collection of articles is a part of the International Library of Critical Writings in Financial Economics edited by Richard Roll and published by Edgar Elger Publishing Inc. Forthcoming 2001. [Abstract]
  21. Kallunki, Juha-Pekka, Jorma Larimo and Seppo Pynnönen (1999) Stock market response to the annoncements of Finnish foreign direct investments. In Perspectives on Internationalization. Editors Uolevi Lehtinen and Hannu Sieristö. Acta Universitatis Oeconomicae Helsingienis, 77--95. [Abstract]
  22. Pynnönen, Seppo (1998). Ennuste on odotus tulevasta tämän hetken tiedon perusteella. Teoksessa Päätöksenteon ja Ennustamisen Matematiikkaa. Sanomalehtiyliopisto 1998, Täydennyskoulutuskeskus, Vaasan yliopisto, 33--43. [Artikkeli.]
  23. Pynnonen, Seppo (1997). Short term volatility changes and active portfolio strategies. In The Yearbook of the Finnish Statistical Society, 235--244. Hakapaino Oy, Helsinki. Abstract Full paper
  24. Luoma, Martti, Seppo Pynnonen ja Ilkka Virtanen (1993). Hyvat ennusteet onnistuneen talouspoliittisen paataksenteon valttamaton edellytys. Teoksessa Sanomalehtiyliopisto 1992, Vaasan yliopiston taydennyskoulutuskeskuksen julkaisuja 3/1993, 45--54.
  25. Salmi, Timo & Seppo Pynnonen (1992). Least Absolute Deviation (LAD) Multiple Regression. A linear programming based computer programming solution. Published in Bob Bruce MS DOS CD-ROM Archives, 1, Walnut Creek, California.
  26. Pynnonen, Seppo (1990). Moderni portfolioteoria sijoitusstrategioiden perustana. Teoksessa Rahoitusmarkkinat, Malkamaki, M. ja Martikainen, T. (toim.), Ekonomia-sarja, Weilin+Goos, ss. 176--195.
  27. Pynnonen, Seppo (1987). Selection of variables in nonlinear discriminant analysis by information criteria. In Proceedings of the Second International Tampere Conference in Statistics, Department of Mathematical Sciences/Statistics (eds. T. Pukkila and S. Puntanen), pp. 627-236. Department of Mathematical Sciences/Statistics, University of Tampere, Finland. [Abstract]