:: Introduction
:: Schedule
:: Papers








New Zealand Finance Colloquium

 


Friday 30th January 2004
12:00 pm – 1:00 pm Colloquium Registration – MSB1 Foyer
1:00 pm – 2:30 pm Session 1: Corporate Finance MSB1.01
Chair: Alireza Tourani-Rad Session		 Session 2: Emerging Markets
MSB1.02
Chair: Abeyratna Gunasekarage
  The Source of Insiders Trading Profits: New Zealand Evidence.





Tourani-Rad A and Gilbert A

Macro-Economic Influence on the Stock Market: Evidence from an Emerging Market in South Asia.

Gunasekarage, A, Pisetasalasai, A and Power, D
 

Insiders Market Timing and Real Activity: Evidence from an Emerging Market.





Wisniewski, T

Assessing Asian Emerging Market Risks: An Application of the GEV and GDP Methods.





Xu, Q and Li, X
 

Costs of Financial Distress: The German Evidence

 

Reimund, C, Schwetzler, B and Zainhofer, F

Gramm-Leach-Bliley Act and Insurance Industries of Developed Countries.

 

Hassan, M and Mamun, A
2:30 pm – 3:00 pm
Afternoon Tea
3:00 pm – 4:00 pm
Guest Speaker – Annabel Cotton
  Member of the Securities Commission to speak on Changes in Corporate Governance in New Zealand
4:00 pm – 5:30 pm Session 3: Anomalies
MSB1.01
Chair: Ahmad Etebari 		Session 4: Banking
MSB1.02
Chair: Kurt Hess
  Analyst Forecast Trends in Pacific Rim Countries.





Ciccone, S and Etebari, A 		Credit Loss and Provisioning in New Zealand.





Kurt Hess
 

Solving the Halloween Indicator Puzzle: Market Efficiency Still Reigns.

 

Maberly, E and Pierce, R

NZ Depositors Banking on a Free Ride or Blissfully Unaware.

 

Wilson, W, Rose, L and
Pinfold, J
  Political Cycles and the Stock Market Down-Under: Additional Evidence on the Presidential Puzzle.




Bhabra, H, Cahan, J, Malone, C Powell, J and Wongchoti, J		 The Efficiency of NZ Retail Banks
Vedula, P and







Tripe, D

6:30 pm

Colloquium Dinner aboard the MV Waipa Delta

Saturday 31st January 2004
9:00 am – 10:30 am

Session 5: Cost of Capital
MSB1.01
Chair: Bernhard Schwetzler

Session 6: Market Microstructure
MSB1.02
Chair: Daniel Choi
 

Conglomerate Discount and Cash Distortion: New Evidence from Germany.

 

Schwetzler, B and Reimund, C

Cross-autocorrelation in the New Zealand Stock Market.



Choi, D and Zhao, X
  Modelling Beta Risk for New Zealand Industry Portfolios.




Li, X 		Analysis of the Limit Order Book and Order Flow



Visaltanachoti, N, Charoenwong, C and Ding, D
  Estimating the Market Risk Premium in New Zealand through the Siegel Methodology.






Lally, M and Marsden, A 		Price Effects Associate with Changes in the S&P500’s Composition: The Removal and Replacement of Seven Non-US Companies.




Maberly, E and Peterson, A
10:30 am – 11:00 am Morning Tea
11:00 am – 12:30 pm Session 7: Australasian Market
MSB1.01
Chair: Ed Vos		 Session 8: International Finance
MSB1.02
Chair: Dimitri Margaritis
  Small Business Failure Rates and the New Zealand Retail Sector.



Cox, C and Vos, E 		Uncovered Interest Rate Parity: The puzzle of the US dollar



Razzak, W and Margaritis, D
 

Ethical Investing in Australia: Is there a Financial Penalty.

Bauer, R, Otten, R and Tourani-Rad, A

Implied, Forecasted and Realised Volatility of Australian T-Bond Futures Overnight Options.

Zou, L, Rose, L and Pinfold, J
 

The New Zealand Banking System and the Balance of Payments.



Tripe, D

Optimising Fixed Interest Portfolios with an Intertemporally Consistent model of the Yield Curve.

Krippner, L
12:30 pm – 1:00 pm Lunch
  
1:00pm - ??? Business Meeting