Abstract
This paper studies patterns in ownership of Finnish stocks in 2018, and changes in ownership patterns between 1995 and 2018. Our key findings are as follows. (1) In 2018, 12.9% of Finns owned stocks directly. The median stock portfolio was worth 5200 euros. (2) Women account for 41% of shareholders, 29% of individuals’ combined share wealth, and 26% of share millionaires. Women’s share of shareholders and share wealth decreased during our sample period.
(3) Actively acquired stock positions tend to have shorter holding periods than passively acquired ones. Among actively acquired positions, stocks acquired from stock exchange trades have shorter holding periods than stocks acquired from initial public offerings or seasoned equity offerings. (4) Men’s and Finnish speakers’ trades tend to have shorter holding periods than those of women and Swedish speakers. Larger positions have shorter holding periods than smaller ones.
(3) Actively acquired stock positions tend to have shorter holding periods than passively acquired ones. Among actively acquired positions, stocks acquired from stock exchange trades have shorter holding periods than stocks acquired from initial public offerings or seasoned equity offerings. (4) Men’s and Finnish speakers’ trades tend to have shorter holding periods than those of women and Swedish speakers. Larger positions have shorter holding periods than smaller ones.
| Original language | English |
|---|---|
| Article number | 1 |
| Pages (from-to) | 5-38 |
| Number of pages | 34 |
| Journal | Nordic Journal of Business |
| Volume | 70 |
| Issue number | 1 |
| Publication status | Published - 2021 |
| MoE publication type | A1 Journal article-refereed |