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class="resource-center__whitepapers__content"> <span class="resource-center__whitepapers__paper-title">Essays on the Effects of Past Gains on Subsequent Risk-Taking and Stock Returns</span> <a href="https://web.archive.org/web/20210125093607/https://www.nasdaq.com/docs/Essays on the Effects of Past Gains on Subsequent Risk-Taking and Stock returns.pdf" class="resource-center__whitepapers__cta" download>Download <span class="visually-hidden">Essays on the Effects of Past Gains on Subsequent Risk-Taking and Stock Returns</span></a> </div> </li> <li class="resource-center__whitepapers__list-item "> <div class="resource-center__whitepapers__content"> <span class="resource-center__whitepapers__paper-title">Long-term Discount Rates Do Not Vary Across Firms</span> <a href="https://web.archive.org/web/20210125093607/https://www.nasdaq.com/docs/Long-term discount rates do not vary across firms.pdf" class="resource-center__whitepapers__cta" download>Download <span 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class="resource-center__whitepapers__cta" download>Download <span class="visually-hidden">Why Does Portfolio Choice Correlate Across Generations?</span></a> </div> </li> <li class="resource-center__whitepapers__list-item "> <div class="resource-center__whitepapers__content"> <span class="resource-center__whitepapers__paper-title">Secondary Market 2018 Infographic</span> <a href="https://web.archive.org/web/20210125093607/https://www.nasdaq.com/docs/Testing Return Predictability with the Dividend-Growth Equation_An Anatomy of the Dog.pdf" class="resource-center__whitepapers__cta" download>Download <span class="visually-hidden">Secondary Market 2018 Infographic</span></a> </div> </li> <li class="resource-center__whitepapers__list-item "> <div class="resource-center__whitepapers__content"> <span class="resource-center__whitepapers__paper-title">Stock Price Co-Movement and the Foundations of Pairs Trading</span> <a 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resource-center__whitepapers__list-item--hidden"> <div class="resource-center__whitepapers__content"> <span class="resource-center__whitepapers__paper-title">Reputations and Credit Ratings: Evidence from Commercial Mortgage-Backed Securities</span> <a href="https://web.archive.org/web/20210125093607/https://www.nasdaq.com/docs/Reputations and credit ratings evidence from commercial mortgage-backed securities.pdf" class="resource-center__whitepapers__cta" download>Download <span class="visually-hidden">Reputations and Credit Ratings: Evidence from Commercial Mortgage-Backed Securities</span></a> </div> </li> <li class="resource-center__whitepapers__list-item resource-center__whitepapers__list-item--hidden"> <div class="resource-center__whitepapers__content"> <span class="resource-center__whitepapers__paper-title">Liability Structure and Risk-Taking: Evidence from the Money Market Fund Industry</span> <a 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</div> </li> <li class="resource-center__whitepapers__list-item resource-center__whitepapers__list-item--hidden"> <div class="resource-center__whitepapers__content"> <span class="resource-center__whitepapers__paper-title">How Sovereign is Sovereign Credit Risk? 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Three of these directors shall have extensive academic experience within the field of financial markets.</p> <ul><li><strong>Lauri Rosendahl</strong>, Chairman, is the President of Nasdaq Nordics and Nasdaq Stockholm and Senior Vice President of European Cash Equity and Equity Derivatives within Global Transaction and Market Services.</li> <li><strong>Adam Kostyál</strong> is the Senior Vice President of Nasdaq's Listing Services in Europe.</li> <li><strong>Henrik Husman</strong> is the President of Nasdaq Helsinki and Vice President Cash Equities Products.</li> <li><strong>Vesa Puttonen</strong> is the Professor of Finance at Aalto University School of Business.</li> <li><strong>Jonas Niemeyer</strong> is a senior adviser at the Financial Stability Department at Sveriges Riksbank.</li> <li><strong>Nikolaj Kosakewitsch</strong> is the President of Nasdaq Copenhagen and Vice President European Equity and Derivatives Sales. </li> <li><strong>Jesper Lau Hansen</strong> worked as lawyer in Copenhagen until he left for academia. In 2003, he was appointed as a Professor of Financial Market Law and is currently serving as the head of the research centre FOCOFIMA at the University of Copenhagen.</li> </ul> </div> </div> </div> </div> <div class="layout layout--full"> <div class="layout--main"><div class="microsite-eyebrow"> <div class="microsite-eyebrow__line"></div> <div class="microsite-eyebrow__text">Participation</div> </div> </div> </div> <div class="layout layout--1-col-centered"> <div class="layout--main"> <div class="body body--centered"> <div class="body__content"> <p>Nasdaq Stockholm AB, Nasdaq Copenhagen A/S and Nasdaq Helsinki Oy are operating marketplaces in Sweden, Denmark and Finland. Admitted companies and members must comply with the rules adopted by the Nasdaq Exchanges. A Disciplinary Committee may resolve to fine the member or admitted company in case of a breach by the member or admitted company of the Exchange rules. 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Start browsing <a href="/web/20210125093607/https://www.nasdaq.com/market-activity/stocks">stocks</a>, <a href="/web/20210125093607/https://www.nasdaq.com/market-activity/funds-and-etfs">funds and ETFs</a>, and <a href="/web/20210125093607/https://www.nasdaq.com/market-activity">more asset classes.</a></div> </div> <div class="watchlist__symbols-container"> <div class="watchlist__glide glide"> <div class="carousel-controls" data-glide-el="controls"> <div class="carousel-controls__prev" data-glide-dir="<"> <button class="arrow-cta" aria-label="Previous"> <span class="arrow-cta__text" aria-label=""></span> <span class="arrow-cta__icon" aria-hidden="true"></span> </button> </div> <div class="carousel-controls__count" data-glide-el="count"> <span class="carousel-controls__current" data-glide-el="current"></span>/<span class="carousel-controls__total" data-glide-el="total"></span> </div> <div class="carousel-controls__next" data-glide-dir=">"> <button class="arrow-cta" aria-label="Next"> <span class="arrow-cta__text" aria-label=""></span> <span class="arrow-cta__icon" aria-hidden="true"></span> </button> </div> </div> <div class="watchlist__track glide__track" data-glide-el="track"> <ul class="watchlist__slides glide__slides"> <li class="watchlist__slide glide__slide watchlist__slide--clone" aria-hidden="true"> <button class="watchlist__slide-remove" aria-hidden="true" aria-label="Remove from Watchlist"></button> <a class="watchlist__slide-link"> <span class="watchlist__slide-name"></span> <p class="watchlist__slide-price"></p> <p class="watchlist__slide-change-container"> <span class="watchlist__slide-change"></span> <span class="watchlist__slide-change-percent"></span> </p> </a> <div class="watchlist__slide-overlay" aria-hidden="true"></div> </li> </ul> </div> </div> </div> </div> </div> </div> <div class="watchlist-tabs__panel js-tabs-panel" id="watchlist-tab-2" aria-labelledby="watchlist-tab-button-1"> <div class="watchlist-tabs__body watchlist-tabs__body--watchlist js-watchlist"> <div class="watchlist__content-container"> <header class="watchlist__content-header"> <button class="watchlist__link-button watchlist__add">Add to Watchlist</button> <a href="/web/20210125093607/https://www.nasdaq.com/account/watchlist" class="watchlist__link-button js-watchlist-toggle-close">Edit Watchlist</a> </header> <div class="watchlist__message"> <div class="text-passage"> Your Watchlist is empty. <button class="watchlist__empty-add" aria-label="Add a Symbol">Add a Symbol</button> </div> </div> <div class="watchlist__message watchlist__message--logged-out"> <div class="text-passage text-passage--logged-out">Create your Watchlist to save your favorite quotes on Nasdaq.com. <a class="js-watchlist-toggle-close" href="/web/20210125093607/https://www.nasdaq.com/user/login">Log in</a> or <a class="js-watchlist-toggle-close" href="/web/20210125093607/https://www.nasdaq.com/user/register">create a free account</a> to get started.</div> </div> <div class="watchlist__symbols-container"> <div class="watchlist__glide glide"> <div class="carousel-controls" data-glide-el="controls"> <div class="carousel-controls__prev" data-glide-dir="<"> <button class="arrow-cta" aria-label="Previous"> <span class="arrow-cta__text" aria-label=""></span> <span class="arrow-cta__icon" aria-hidden="true"></span> </button> </div> <div class="carousel-controls__count" data-glide-el="count"> <span class="carousel-controls__current" data-glide-el="current"></span>/<span class="carousel-controls__total" data-glide-el="total"></span> </div> <div class="carousel-controls__next" data-glide-dir=">"> <button class="arrow-cta" aria-label="Next"> <span class="arrow-cta__text" aria-label=""></span> <span class="arrow-cta__icon" aria-hidden="true"></span> </button> </div> </div> <div class="watchlist__track glide__track" data-glide-el="track"> <ul class="watchlist__slides glide__slides"> <li class="watchlist__slide glide__slide watchlist__slide--clone" aria-hidden="true"> <button class="watchlist__slide-remove" aria-hidden="true" aria-label="Remove from Watchlist"></button> <a class="watchlist__slide-link"> <span class="watchlist__slide-name"></span> <p class="watchlist__slide-price"></p> <p class="watchlist__slide-change-container"> <span class="watchlist__slide-change"></span> <span class="watchlist__slide-change-percent"></span> </p> </a> <div class="watchlist__slide-overlay" aria-hidden="true"></div> </li> <div class="watchlist__ad"> <div class="watchlist__ad-slot"> <div id="js-dfp-tag-t7g" class="watchlistbutton-1"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('js-dfp-tag-t7g'); }); </script> </div> </div> </div> </ul> </div> </div> </div> </div> </div> </div> <div class="watchlist-tabs__panel js-tabs-panel" id="watchlist-tab-3" aria-labelledby="watchlist-tab-button-3"> <div class="watchlist-tabs__body is-empty"> <div class="watchlist__message"> <div class="text-passage"> Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. <a href="https://web.archive.org/web/20210125093607/https://portfolio.nasdaq.com/">Go to Smart Portfolio</a> </div> </div> </div> </div> </div><!-- end watchlist-tabs --> </div> <div class="watchlist__loader" aria-hidden="true"> <div class="svg-loader" style="width: 120px;"> <div class="svg-loader__container"> <svg version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 70 60" xml:space="preserve"> <style type="text/css"> .st0 { fill: #0090BA; } </style> <defs> <lineargradient id="mask-gradient-1048676730" gradientunits="userSpaceOnUse" x2="0" y2="100%"> <stop offset="10%" stop-color="white" stop-opacity="0"/> <stop offset="20%" stop-color="white" stop-opacity="1"/> <stop offset="100%" stop-color="white" stop-opacity="1"/> <stop offset="110%" stop-color="white" stop-opacity="0"/> </lineargradient> <lineargradient id="mask-gradient-1869600060" gradientunits="userSpaceOnUse" x2="0" y2="100%"> <stop offset="20%" stop-color="white" stop-opacity="0"/> <stop offset="25%" stop-color="white" stop-opacity="1"/> <stop offset="75%" stop-color="white" stop-opacity="1"/> <stop offset="80%" stop-color="white" stop-opacity="0"/> </lineargradient> <lineargradient id="mask-gradient-1717575303" gradientunits="userSpaceOnUse" x2="0" y2="100%"> <stop offset="-10%" stop-color="white" stop-opacity="0"/> <stop offset="0%" stop-color="white" stop-opacity="1"/> <stop offset="80%" stop-color="white" stop-opacity="1"/> <stop offset="90%" stop-color="white" stop-opacity="0"/> </lineargradient> <mask id="mask-1048676730"> <rect class="rect-mask__first" x="0" y="-1" width="35" height="75" fill="url(#mask-gradient-1048676730)"/> </mask> <mask id="mask-1869600060"> <rect class="rect-mask__second" x="27" y="10" width="16" height="40" fill="url(#mask-gradient-1869600060)"/> </mask> <mask id="mask-1717575303"> <rect class="rect-mask__third" x="35" y="-10" width="35" height="75" fill="url(#mask-gradient-1717575303)"/> </mask> </defs> <path class="st0" mask="url(#mask-1048676730)" d="M34.9,14.9L34.9,14.9c-1.2,0.1-2.3,0.9-2.7,2L16.7,59.6H0l15.5-42.7c0.4-1.1,1.5-2,2.8-2H34.9"/> <path class="st0" mask="url(#mask-1869600060)" d="M33.6,44c-1.2,0-2.1-0.7-2.6-1.7l-3.3-9.2l5.7-15.7c0.1-0.3,0.3-0.6,0.4-0.7c0.5-0.7,1.3-1.2,2.3-1.2 c1.2,0,2.2,0.7,2.6,1.7l3.3,9.1l-5.7,15.7c-0.1,0.4-0.3,0.6-0.4,0.7C35.4,43.5,34.6,44,33.6,44z"/> <path class="st0" mask="url(#mask-1717575303)" d="M35,44.6L35,44.6c1.2-0.1,2.1-0.9,2.5-2L53,0h16.7L54.1,42.7c-0.4,1.1-1.5,2-2.8,2H35"/> </svg> </div> </div> </div> </div> </section> <section class="watchlist-add-overlay" aria-hidden="true"> <div class="watchlist-add-overlay__content"> <header class="watchlist-add-overlay__header"> <button class="watchlist-add-overlay__back" aria-label="Back"><span class="watchlist-add-overlay__back-text">Back</span></button> <button class="watchlist-add-overlay__close" aria-label="Close Watchlist"></button> </header> <form class="watchlist-add-overlay__form"> <label class="watchlist-add-overlay__label">Add a symbol to your watchlist</label> <div class="watchlist-add-overlay__input-wrapper"> <input class="watchlist-add-overlay__input" placeholder="Enter Symbol"> </div> </form> <div class="watchlist-add-overlay__unavailable"> <button class="watchlist-add-overlay__unavailable-close"></button> <span class="watchlist-add-overlay__unavailable-text"></span> </div> <div class="watchlist-add-overlay__results watchlist-add-overlay__results"> <header class="watchlist-add-overlay__results-header">Most Active</header> <ul class="watchlist-add-overlay__results-items"></ul> <li class="watchlist-add-overlay__results-item watchlist-add-overlay__results-item--clone" aria-hidden="true"> <span class="watchlist-add-overlay__symbol"></span> <span class="watchlist-add-overlay__name"></span> <button class="watchlist-add-overlay__add" aria-label="Add to Watchlist" data-symbol=""></button> </li> <div class="watchlist-add-overlay__loader" aria-hidden="true"> <div class="svg-loader" style="width: 120px;"> <div class="svg-loader__container"> <svg version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 70 60" xml:space="preserve"> <style type="text/css"> .st0 { fill: #0090BA; 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When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return.</li> <li>Copy and paste multiple symbols separated by commas. </ul> <p>These symbols will be available throughout the site during your session.</p> </div> </div> <button class="c-btn ">Save data</button> </form> </div> </div> </div> </div> </div> <div class="modal modal--narrow" id="watchlist-success-modal" role="dialog" hidden> <div class="loader-overlay"> <div class="svg-loader" style="width: 140px;"> <div class="svg-loader__container"> <svg version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 70 60" xml:space="preserve"> <style type="text/css"> .st0 { fill: #0090BA; } </style> <defs> <lineargradient id="mask-gradient-1027267488" gradientunits="userSpaceOnUse" x2="0" y2="100%"> <stop offset="10%" stop-color="white" stop-opacity="0"/> <stop offset="20%" stop-color="white" stop-opacity="1"/> <stop offset="100%" stop-color="white" stop-opacity="1"/> <stop offset="110%" stop-color="white" stop-opacity="0"/> </lineargradient> <lineargradient id="mask-gradient-891372310" gradientunits="userSpaceOnUse" x2="0" y2="100%"> <stop offset="20%" stop-color="white" stop-opacity="0"/> <stop offset="25%" stop-color="white" stop-opacity="1"/> <stop offset="75%" stop-color="white" stop-opacity="1"/> <stop offset="80%" stop-color="white" stop-opacity="0"/> </lineargradient> <lineargradient id="mask-gradient-1372169995" gradientunits="userSpaceOnUse" x2="0" y2="100%"> <stop offset="-10%" stop-color="white" stop-opacity="0"/> <stop offset="0%" stop-color="white" stop-opacity="1"/> <stop offset="80%" stop-color="white" stop-opacity="1"/> <stop offset="90%" stop-color="white" stop-opacity="0"/> </lineargradient> <mask id="mask-1027267488"> <rect class="rect-mask__first" x="0" y="-1" width="35" height="75" fill="url(#mask-gradient-1027267488)"/> </mask> <mask id="mask-891372310"> <rect class="rect-mask__second" x="27" y="10" width="16" height="40" fill="url(#mask-gradient-891372310)"/> </mask> <mask id="mask-1372169995"> <rect class="rect-mask__third" x="35" y="-10" width="35" height="75" fill="url(#mask-gradient-1372169995)"/> </mask> </defs> <path class="st0" mask="url(#mask-1027267488)" d="M34.9,14.9L34.9,14.9c-1.2,0.1-2.3,0.9-2.7,2L16.7,59.6H0l15.5-42.7c0.4-1.1,1.5-2,2.8-2H34.9"/> <path class="st0" mask="url(#mask-891372310)" d="M33.6,44c-1.2,0-2.1-0.7-2.6-1.7l-3.3-9.2l5.7-15.7c0.1-0.3,0.3-0.6,0.4-0.7c0.5-0.7,1.3-1.2,2.3-1.2 c1.2,0,2.2,0.7,2.6,1.7l3.3,9.1l-5.7,15.7c-0.1,0.4-0.3,0.6-0.4,0.7C35.4,43.5,34.6,44,33.6,44z"/> <path class="st0" mask="url(#mask-1372169995)" d="M35,44.6L35,44.6c1.2-0.1,2.1-0.9,2.5-2L53,0h16.7L54.1,42.7c-0.4,1.1-1.5,2-2.8,2H35"/> </svg> </div> </div> <div class="error-state">Data is currently not available</div> </div> <div class="modal__container"> <div class="modal__flex"> <div class="modal__body"> <div class="modal__controls"> <button class="modal__close" aria-label="Click to close" data-modal-close></button> </div> <div class="modal__content"> <h1>Your symbols have been updated</h1> <div class="text-passage u-margin-bottom-large"> You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. </div> <button class="c-btn js-success-modal-close">Continue</button> </div> </div> </div> </div> </div> </div> </div> <script src="/web/20210125093607js_/https://www.nasdaq.com/sites/acquia.prod/files/js/js_cch8YMazBEJHf5aM-geJGSufCnxMyjnqLaQEdYq6zKk.js"></script> <script src="/web/20210125093607js_/https://www.nasdaq.com/themes/nsdq/dist/react.vendor.js?qnbggg"></script> <script src="/web/20210125093607js_/https://www.nasdaq.com/sites/acquia.prod/files/js/js_88_VNAQ8xgmLVdmqCM8nR-I_hAQZGng0Iap2TOESP-s.js"></script> <div class="grid-guides"> <div class="grid-guides__container"> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> <div class="grid-guides__row"></div> </div> </div> </body> </html> <!-- FILE ARCHIVED ON 09:36:07 Jan 25, 2021 AND RETRIEVED FROM THE INTERNET ARCHIVE ON 02:57:08 Nov 29, 2024. 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