Purpose – In the aftermath of the global financial crisis (GFC) governments lost confidence in market fundamentalism and realised the inadequacies of regulatory measures. The purpose of this paper is to outline the proximate causes of the financial crisis of 2007‐2009 and to investigate the...

Purpose: The purpose of this paper is to study whether mergers and acquisitions (M&As) create value in Indian and Chinese markets. Design/methodology/approach: The authors study abnormal returns (AR) created by the acquiring firms in Indian and Chinese markets relating to M&A announcements,...

Purpose – This paper examines, primarily from an investment perspective, the private returns an individual may gain from extended study towards a chartered accounting (CA) qualification in New Zealand. The present study is based on 2009 New Zealand Institute of Chartered Accountants...

We examine bond covenants of 29 New Zealand bond issues prior to the 2008 securities market act. Results from the study indicate that protection provided for bondholders is weak and limited. On average, only 2-3 types of covenants are embedded with the issues and only 27% of these covenants...

Purpose – During the period 2006-2010, 49 finance companies collapsed or entered moratoriums, owing investors in excess of $8 billion, and the fingers of blame continue to point in circles. The blame for this tremendous financial crisis is extensive and a consolidation of arguments is...

Corporate scandals, across the globe, over the past few years came as a shock not just because of the enormity of failures, but also because of the discovery that questionable accounting practices was far more insidious and widespread than previously envisioned. In this paper, an attempt is made...