Tax-adjusted market risk premiums in New Zealand: 1931–2002

M Lally, A Marsden - Pacific-Basin Finance Journal, 2004 - Elsevier
This paper documents historical returns to equities and long-term government bonds, bond
yields and inflation rates in New Zealand over the period 1931–2002. Personal tax rates on …

Testing for multiple types of marginal investor in ex-day pricing

J Bartholdy, K Brown - Multinational Finance Journal, 2004 - papers.ssrn.com
The observed changes in share prices at the ex-dividend day have led researchers to look
for a single marginal investor, either a long or a short term trader with different tax status …

[PDF][PDF] Research Institute

CS Global, I Returns - Investment Returns Yearbook, 2013 - investir-et-devenir-libre.com
16 December 2015 marked the reversal of the trend that had dominated financial markets for
almost a decade: the Federal Reserve finally increased rates. And yet, although the rate hike …

Time-varying market leverage and the market risk premium in New Zealand

D Bao - 2008 - openaccess.wgtn.ac.nz
This paper applies the Ibbotson and Sinquefield (1976) method and the Lally (2002) method
to New Zealand data over the period 1960-2005 in order to estimate the market risk …

The Market Equity Risk Premium

BW McCulloch, D Leonova - Available at SSRN 727583, 2005 - papers.ssrn.com
Abstract The New Zealand Superannuation Act 2001 requires the Treasury to state each
year the required capital contribution of the New Zealand Government to the New Zealand …

[PDF][PDF] KiwiSaver and retirement adequacy

KL MacDonald - 2016 - academia.edu
Motivated by a critique of the literature and an examination of the institutional setting, this
thesis sheds light on the impact of defined contribution pension plan design on retirement …

[PDF][PDF] The Cost of Capital for the Airfield Activities of New Zealand's International Airports

M Lally - Appendix, 2001 - comcom.govt.nz
EXECUTIVE SUMMARY In accordance with The Airport Authorities Amendment Act, 1966,
the international airports of Auckland, Wellington and Christchurch are required to consult …