Purpose – The study aims to examine the stock price performance of publicly owned railroad companies following severe railroad accidents that resulted in the loss of human lives and/or hazardous material spills. The focus is on legal liability considerations as one of the primary factors that...

Purpose – The purpose of this paper is to examine whether the registered charities in New Zealand have adopted the principle-based corporate governance practices similar to those adopted by the publicly-listed companies and the effect corporate governance practices have on their financial...

Purpose – This paper seeks to address the effect that principle-based corporate governance practices have on the financial performance of large publicly-listed companies. In 2004, the New Zealand Securities Commission (NZSC) promulgated nine high level principles and guidelines for all...

Purpose – The purpose of this paper is to investigate the link between qualitative measures of a firm's Board of Directors and its corporate social performance (CSP). Design/methodology/approach – CSP is a function of qualitative measures of a firm's Board of Directors, as well as firm risk...

Purpose – The purpose of this paper is to investigate bidder and target returns in the time surrounding merger and acquisition (M&A) announcements. Design/methodology/approach – The paper employs parametric and non-parametric tests and regressions on holding period and abnormal returns to...

Purpose – The purpose of this paper is to extend the current literature on corporate asset writedowns. Design/methodology/approach – The paper explains the anomalous price responses to asset writedowns by examining both stock and bond price responses. It applies bond and stock event study...

Purpose – The purpose of this research is to investigate post-acquisition differences in share and operating performance, and in risk characteristics, for acquirers who pay cash versus those who employ stock, as well as for acquirers who merge with targets as opposed to those who directly...

Purpose – The purpose of this research is to investigate post‐acquisition differences in share and operating performance, and in risk characteristics, for acquirers who pay cash versus those who employ stock, as well as for acquirers who merge with targets as opposed to those who directly...

Purpose – The study aims to examine the stock price performance of publicly owned railroad companies following severe railroad accidents that resulted in the loss of human lives and/or hazardous material spills. The focus is on legal liability considerations as one of the primary factors that...

Purpose – The purpose of this paper is to extend the current literature on corporate asset writedowns. Design/methodology/approach – The paper explains the anomalous price responses to asset writedowns by examining both stock and bond price responses. It applies bond and stock event study...