This paper investigates the determinants of capital structure in unlisted firms in New Zealand. Hypotheses utilising pecking order theory, trade-off theory and agency costs theory and the effects of firm ownership structure, firm characteristics and industry on small business capital structure...

The current study aims to empirically explore the relationship between firm characteristics, corporate governance and capital structure in New Zealand's large listed companies. Eight years of data for 40 firms listed on the NZX50 Stock Exchange, are collected and observations are analysed using...

This study investigates the potential relationship between bankruptcy risks, and financial and non-financial characteristics in small businesses. Given the importance of small businesses to a country's economy, identifying factors that leads to small business bankruptcy is important for...

This paper discusses a small business based investigation of principal-agent and principal-principal dimensions of agency cost. Panel data for 11 years to 2008, covering a sample of small businesses not listed on a stock exchange, are examined using multivariate statistical techniques. The...

The global financial crisis had major effects on the New Zealand (NZ) capital market, financial system and economy. It prompted responses across the full range of the NZ Securities Commission and the NZ Reserve Bank policies, including amendment of the Securities Act 2009, monetary policy,...