1. DATABASES in Accounting and Finance IMTRIF 24.1.2012 Jaakko Tyynelä

2. IMTRIF 24.1.2012 Jaakko Tyynelä 2 Structure of this lecture  Databases for  financial statements  stock markets  Other databases  Guidelines and terms for using the databases

3. IMTRIF 24.1.2012 Jaakko Tyynelä 3 Databases for financial statements ETLA’s database (TE 500)  more than 500 biggest Finnish companies  period 1986-2010  adjusted financial statements  a lot of ratios  long time-period

4. IMTRIF 24.1.2012 Jaakko Tyynelä 4 Databases for financial statements Voitto+  almost 173.000 active and about 7.700 non-active Finnish companies  5 latest fiscal years in online version ­ historical data from early 1990’s  some ratios  contact details  a big amount of companies, easy to use  access in class rooms

5. IMTRIF 24.1.2012 Jaakko Tyynelä 5 Voitto+

6. IMTRIF 24.1.2012 Jaakko Tyynelä 6 Voitto+

7. IMTRIF 24.1.2012 Jaakko Tyynelä 7 Databases for financial statements Annual reports for listed companies  annual reports can be found from Aalto University’s server up to about 2008 (see link on our web page)  old annual reports, contact advising assistant  In annual reports there are many additional numbers compared to ready-made databases  also information in text format

8. IMTRIF 24.1.2012 Jaakko Tyynelä 8 Annual reports

9. IMTRIF 24.1.2012 Jaakko Tyynelä 9 Annual reports

10. IMTRIF 24.1.2012 Jaakko Tyynelä 10 Databases for financial statements Thomson Reuters Large collection of data for financial statements and also some market data. Several databases, e.g.:  Worldscope  I/B/E/S History

11. IMTRIF 24.1.2012 Jaakko Tyynelä 11 Worldscope  provides annual and interim/quarterly data, detailed historical financial statement content, per share data, calculated ratios, pricing and textual information  57,000 companies with up to 20 years of historical data available  world’s leading public and private companies represents over 95% of global market value

12. IMTRIF 24.1.2012 Jaakko Tyynelä 12 I/B/E/S History Thomson Reuters I/B/E/S  I/B/E/S provides detailed and consensus estimates  GAAP and pro-forma EPS, revenue/sales, net income, pre-tax profit and operating profit, and price targets and recommendations  Over 60.000 companies in 67 countries  US data from 1976, international data from 1987

13. IMTRIF 24.1.2012 Jaakko Tyynelä 13 Orbis Europe  Orbis covers around 46 million European companies  Company financials in a standard format  Financial strength indicators  Directors and contacts  Original filings/images  Stock data for listed companies  Detailed corporate structures  Business and company-related news  M&A deals and rumours

14. IMTRIF 24.1.2012 Jaakko Tyynelä 14 Audit Analytics  Audit Analytics provides detailed research on over 20,000 public companies and more than 1,500 accounting firms  US firms  data source for tracking and analysis of public company disclosures related to the audit, compliance, governance, corporate actions and federal litigation.  Data from year 2000

15. IMTRIF 24.1.2012 Jaakko Tyynelä 15 Databases for stock markets End of a day data for Helsinki Stock Exchange  Close, high, low, bid and ask price for each day  Volume (shares traded and euros) for each day  period 1987-2010 (2011)  Stocks, warrants, subscription rights…

16. IMTRIF 24.1.2012 Jaakko Tyynelä 16 Databases for stock markets Intradaily data for Helsinki Stock Exchange  All trades made at the HSE ­ price, volume, time, broker code  period 1987-2010 (2011)  Stocks, warrants, subscription rights…

17. IMTRIF 24.1.2012 Jaakko Tyynelä 17 Databases for stock markets Stock market announcements  All official announcements given by listed firms and HSE  E.g. interim reports, share issues, splits, co-operation negotiations, corporate acquisitions, big orders…  From july 1992 to 2010 (2011)

18. IMTRIF 24.1.2012 Jaakko Tyynelä 18 Other databases Datastream  Up to 50 years of history on many series  Over 6,5 million global financial instruments and indicators  over 85.000 active and 80.000 inactive securities  Covering 175 countries in 60 global markets  Totaling over 140 million time series  Equities, equity indices, unit trusts, bonds, bond indices, exchange rates, interest rates, futures, options…

19. Other databases Global Financial Data  Long time-series around the world  Equity indices, commodities, economic data…  More than 200 global markets  Coverage back to year 1265! IMTRIF 24.1.2012 Jaakko Tyynelä19

20. IMTRIF 24.1.2012 Jaakko Tyynelä 20 Other databases Nordpool’s database  Nord Pool Spot runs the leading power market in Europe  Nordpool’s database provides a wide selection of time- series

21. IMTRIF 24.1.2012 Jaakko Tyynelä 21 Other databases ETLA’s macroeconomic database  Over 40.000 numerical time-series from Finland and other countries  Nowadays almost replaced by Datastream

22. IMTRIF 24.1.2012 Jaakko Tyynelä 22 Other databases Thomson Reuters Deals  Mergers and Acquisitions More than 400,000 Global Transactions since 1977  Equity More than 80,000 Global Transactions since 1970  Fixed Income More than 260,000 Global Transactions since 1970  Syndicated Loans More than 92,000 Global Transactions since 1982  Project Finance More than 3,800 Global Transactions since 1990

23. Other databases Bankscope  Global database of banks’ financial statements, ratings and intelligence  30.000 banks, 16 years of detailed accounts  Detailed financials, interim data, ratings, stock data for listed banks, directors, news, M&A deals IMTRIF 24.1.2012 Jaakko Tyynelä23

24. IMTRIF 24.1.2012 Jaakko Tyynelä 24 How to use the databases?  Only for researchers and students of accounting and finance in University of Vaasa. For non-commercial use only.  Students have direct access to Voitto+, Orbis and Bankscope  Other databases:  Data request to Jaakko Tyynelä  Send email or visit at office hour (wed 9.30-10.30)  Decide variables and time period ­ See pages http://lipas.uwasa.fi/~jaty/dbases.htmlhttp://lipas.uwasa.fi/~jaty/dbases.html  You can get the data using email, USB stick, CD…  You must prepare to wait for one week!

25. IMTRIF 24.1.2012 Jaakko Tyynelä 25 See web page http://lipas.uwasa.fi/~jaty/dbases.html

26. IMTRIF 24.1.2012 Jaakko Tyynelä 26 Links to free databases