The effects of the weather in Sydney on the daily returns of two stock indices of the Australian stock exchange are investigated. Three factors capture the essence of daily variations in temperature, cloud cover and wind speed. Two steps are taken to increase the efficiency of the statistical...

This study investigates the presence of political administration effects and day-of-the-week effects with New Zealand's trade-weighted foreign exchange index. The data covers six administrations during the period March 1985 to November 2000. The analysis, based on an orthogonal design, shows...

Differences in the assumptions relating to the reinvestment of intermediate cash flows have been offered as the explanation for the conflict that can arise between the net present value method and the internal rate of return method in the ranking of two projects. A review of the literature...

This study investigates the day-of-the-week effects in the pre-holiday returns of the Standard & Poor's 500 stock index. The period investigated is 1930-1999. The analysis is based on within-day contrasts and between-day contrasts. There are three major findings. First, the results are...

This study examines day-of-the-week effects in short term New Zealand bank bills with maturities of 30, 60 and 90 days. The analysis is based on a within-subject design. The spot interest rates within a week are treated as repeated measures on the same subject. These interest rates are...

Recent research has focused on the influence of the political party of the US President on stock indices. This current paper extends this area of research by including the influence of the political party that holds the majority in Congress into the research design. The results do not support...

Financial reporting standards on foreign currency translation in many countries such as New Zealand, US, Australia, and Canada and the international standard issued by the International Accounting Standards Committee require the classification of foreign operations for translation purposes into...