The purpose of this paper is to examine the behaviour of the share prices on the acquired bank, Trust Bank New Zealand Limited, involved in a merger proposal. Asquith, Burner and Mullins (1983) have identified a number of ...

By international standards, New Zealand’s recent business cycle fluctuations are remarkably volatile. Some bivariate regularities observed in developed economies are weak and sometime uncertain. Are these features endemic ...

The paper seeks to undertake an econometric investigation of a quarterly money demand model for an eighteen year period 1979Q1-1996Q4. The variables considered for the model are real income, real interest rate, the real ...

This study argues that the value of imputation tax credits should be taken into account when firms are making decisions on investment, capital structure and dividend policy. The research examines ex-dividend day share price ...

An examination of the growth rates in farm asset values and returns in New Zealand between 1962 and 1987 reveals that a significant divergence has developed between the two. The objective of this study was to examine the ...

This paper examines the effect of real net farm residual income, inflation, and the real interest rate on the movement of real farmland prices during 1970 to 1997 using a parsimonious error correction model. The empirical ...