CAPITAL STRUCTURE, DIVIDEND POLICY, AND MERGERS; A SURVEY OF EMPIRICAL RESULTS ON CORPORATE FINANCE EVENTS FROM FINLAND

This paper surveys empirical research in Finland on central topics within the area of corporate finance, that is, topics related to capital structure (including issues of equity and debt), dividend policy, and mergers and takeovers. For each of these three core topics, a brief overview of the papers surveyed and their connections to each other is provided. Some central results are described in more detail. Finally, these results are summarised in order to provide a picture of level of current knowledge of the empirical regularities observed on the Finnish market, and the theories gaining support in explaining these. The sections end with suggestions for future research.