Articles in International Journals

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

Articles in Refereed International Journals

Pynnonen, Seppo (2012). Distribution of an arbitrary linear transformation of internally Studentized residuals of multivariate regression with elliptical errors. Journal of Multivariate Analysis 107, 40--52. DOI:10.1016/j.jmva.2012.01.014 [Abstract]
Armstrong, Will, Johan Kinf, James Kolari, and Seppo Pynnonen (2012). Exchange risk and universal returns: A test of international arbitrage pricing theory. Pacific-Basin Finance Journal 20(1), 24--40. DOI:10.1016/j.pacfin.2011.08.003 [Abstract]
Fraser, Donald R., James W. Kolari, Seppo Pynnonen, and T. Kyle Tippens (2011). Market power, bank mergers, and welfare of bank borrowers. Journal of Financial Research 34, 641--658. DOI: 10.1111/j.1475-6803.2011.01305.x [Abstract]
Kolari, James and Seppo Pynnonen (2011). Nonparametric Rank Tests for Event Studies. Journal of Empirical Finace 18, 953--971. DOI:10.1016/j.jempfin.2011.08.003 [Abstract]
Högholm, Kenneth, Johan Knif, Gregory Koutmos, and Seppo Pynnonen (2011). Distributional asymmetry of loadings on market co-moments, Journal of International Financial Markets, Institutions & Money 21, 867--873. Abstract
Högholm, Kenneth, Johan Knif, and Seppo Pynnonen (2011). Cross-distributional robustness of conditional weekday effects: Evidence from European equity-index returns, European Journal of Finance 17, 377--390. [Abstract]
Nikkinen, Jussi, Seppo Pynnonen, Mikko Ranta, and Sami Vähämaa (2011). Cross-dynamics of exchange rate expectations: A wavelet analysis. International Journal of Finance and Economics 16, 205--217. DOI: 10.1002/ijfe.423 [Abstrtact]
Högholm, Kenneth, Johan Knif, and Seppo Pynnonen (2011). Common local asymetry and day-of-the-week effects among EU-equity markets. Quantitative Finance 2, 219--227, iFirst: Feb 10, 2010, 1-9. DOI: 10.1080/14697680903311155 [Abstract]
Kolari, James and Seppo Pynnonen (2010). Event study testing with cross-sectional correlation of abnormal returns. Review of Financial Studies 23, 3996--4025. DOI: 10.1093/rfs/hhq072 [Abstract]
Knif, Johan, James Kolari, and Seppo Pynnonen (2008). Stock market reaction to good and bad inflation news. Journal of Financial Research 31(2), 141--166. Abstract
Knif, Johan and Seppo Pynnonen (2007). Volatility driven changes in stock return correlation dynamics. Managerial Finance, 33(3), 220--235.
Pynnonen, Seppo, Warren Hogan, and Jonathan Batten (2006). Modelling credit spreads on yen Eurobonds within an equilibrium correction framework. Journal of Applied Fincnanial Economics, 16, 583--606.
Kovero, Outi, Seppo Pynnönen, Kaija Kuurila-Svahn, Ilkka Kaitila, and Janna Waltimo-Sirén (2006). Skull base abnormalities in osteogenesis imperfecta: a chephalometric evaluation of 54 patients and 108 control volunteers. J Neurosurg 105, 361--370.
Waltimo-Sirén, Janna, Marina Kolkka, Seppo Pynnönen, Kaija Kuurila, Ilkka Kaitila, and Outi Kovero (2005). Craniofacial features in osteogenesis imperfecta: A cephalometric study. American Journal of Medical Genetics 133A, 142--150.
Kuurila, K., S. Pynnonen, and R. Grénman (2004). Stages surgery in osteogenesis imperfecta in in Finland. Ann Otol Rhinol Laryngol, 113, 1987--1993.
Kuurila, K., E. Kentala, I. Kaitila, R. Grénman, S. Karjalainen, S. Pynnönen, J. Waltimo (2003). Vestibular Dysfunction in Adult Patients with Osteogenesis Imperfecta. American Journal of Medical Genetics, 120A(3),350--358.
Pynnonen, Seppo, Warren Hogan and Jonathan Batten (2002). Expectations and liquidity in yen bond markets. Journal of the Asian Pasific Economy, 7, No. 3. Abstract
Pynnönen, Seppo and Juuso Vataja (2002). Bootsrap testing for cointegration of international commodity prices. Applied Economics, 34, 637--647. Abstract
Anari, Ali, James Kolari, Seppo Pynnonen and Antti Suvanto (2002). Further Evidence on the Credit View: The Case of Finland. Applied Economics, 34, 267--278. Abstract
Kallunki, Juha-Pekka, Jorma Larimo and Seppo Pynnonen (2001). Value creation in foreign direct investments. Management International Review, 41, No. 4, 357--376. Abstract
Batten, Jonathan, Warren Hogan and Seppo Pynnonen (2000). The dynamics of Australian dollar bonds with different credit qualities. International Review of Financial Analysis 6(4), 389--404. Abstract
Knif, Johan and Seppo Pynnonen (1999). Local and global price memory of international stock markets.Journal of International Financial Markets, Institutions & Money 9, 129--147. This article is also published 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. Abstract
Pynnonen, Seppo, and Johan Knif (1998). Common long-term and short-term price memory in two Scandinavian stock markets. Applied Financial Economics 8, 257--265. Abstract
Martikainen, T., Perttunen, J., Pynnonen, S., and Yli-Olli, P. (1997). A confirmatory test on the stability of financial ratio patterns. Advances in Quantitative Finance and Accounting 5, 137--160.Abstract
Knif, J., Pynnonen, S., and Luoma, M. (1996). Testing for common autocorrelation features of two Scandinavian Stock Markets. International Review of Financial Analysis 5, No. 1, 55--64. Abstract
Pynnonen, S., J. Knif, and M. Luoma (1996). A new look at the volatility information flows between stock markets; A case of two Nordic stock exchanges. Journal of International Financial Markets, Institutions & Money 6, No. 2/3, 69--92. Abstract
Knif, J., S. Pynnonen, and M. Luoma (1995). An Analysis of Lead-Lag Structures Using Frequency Domain Approach. European Journal of Operational Research 81, 259--270. Abstract
Luoma, M., Martikainen, T., Perttunen, J., and Pynnonen, S. (1994). Different beta estimation techniques in infrequently traded and inefficient stock markets. Omega, Int. J. Mgmt Sci 22, No. 5, pp. 471--476.
Pynnonen, S. (1992). Stepwise variable selection in quadratic discriminant analysis. Statistica Applicata 4, No. 4, 443--452. Abstract