Purpose - The purpose of this paper is to investigate the risk factors for A-shares listed on both Shenzhen and Shanghai Stock Exchange in China using variables from Akgun and Gibson. Design/methodology/approach -The paper applies cross-sectional regression on the orthogonal components by...

Since the late 1980s New Zealand (NZ) has often been heralded for its free-market approach and laissez-faire attitude towards regulations in the financial market. We find that private placements issued at a premium to current market price exhibit a permanent positive impact on firm value. In...

A key question in asset pricing is the extent to which tax effects are passed through market prices or are capitalised in them. New Zealand stock dividends provide a useful window into this debate because of (1) the existence of both taxable and non-taxable stock dividends, and (2) the...