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,...

The article focuses on the agency cost of Indian banks. The researchers have worked on data covering a data period from 2005 to 2013 which covers the pre-crisis, crisis and post-crisis period. Two proxies for agency cost have been taken to arrive at conclusions after applying appropriate tests....

This paper explores the relationship between ownership structure and cost of capital. Prior studies have established links between ownership structure, firm performance and cost of capital but their results are mixed and inconclusive. As ownership structure is one of the important issues faced...

Do global financial market conditions affect the financial structure and performance of companies in the travel and leisure sector? The economic conditions of tourist generating areas are assumed to play important roles in global travel, especially for emerging economies where international...

This study focuses on micro and small enterprises (MSEs) in five low income countries located in Sub-Saharan Africa and investigates the various firm attributes that determine access to credit, in particular the role of firm informality. The topic has become a central focus of MSE rejuvenation...

This study examines the relationship between corporate governance and financial performance of Sri Lankan Microfinance Institutions (MFIs). The OLS regression, fixed effect and random effect models are used to analysis an unbalanced panel data comprising 300 firm-year observations over the...

This study investigates sources of value in mergers and acquisitions. While much emphasis is put on operating synergies from acquisitions the evidence provided in this study shows that the difference between the WACCs of the combined firm and the merging firms may have a significant role on the...

The relationship between governance and the performance of Microfinance Institutions (MFIs) is discussed in this paper. MFI performance encompasses both financial performance and outreach. Good governance in terms of strengthening stewardship, achievement of MFIs' primary objectives and...