Limitations in regulatory structure and corporate governance contributed to the recent collapse of the finance company industry in New Zealand. This is illustrated by the Bridgecorp Finance Ltd failure. Bridgecorp was, by some measures, a successful company as it maximised the wealth of its...

The prudential regulation of banks in New Zealand relies heavily on the public disclosure of risk information. This work reports a significant relationship between deposit risk premiums and disclosure risk indicators, suggesting New Zealand's disclosure regime is effective in moderating...

The prudential regulation of banks in New Zealand relies largely on the public disclosure of relevant risk information. The risk return relationship in retail banks is empirically tested to assess the effectiveness of the disclosure regime in moderating excessive risk taking by banks. A...

International stock portfolio returns are affected by exchange rate fluctuations. So, by reducing exposure to adverse exchange rate movements, portfolio returns may be improved. This study proposes an innovative international diversification strategy which restricts investments to countries...

quot;Solid as.... I'd say!quot; these are the words of Colin quot;Pinetreequot; Meads, All Black hero of the 1960's and the face of Provincial Finance in the 21st Century. He may have been a great rugby player but is he qualified to give investment advice to investors in Non-Bank Financial...

Banks can be considered the foundation stone on which our modern financial system rests. It is difficult to imagine any economy that could function without a system in which payments can be made, or surplus funds transferred from lenders to borrowers. Provision of a payments system and financial...

The introduction of overnight options at the Sydney Futures Exchange (SFE) offers a unique opportunity to study trading behavior with a different market microstructure, namely the SFE overnight market. This study first examines trading patterns on 3-Year amp; 10-Year TBond Futures overnight...