Crop farmers have few short-run options for reducing downside production risk from changes in drought frequency and intensity due to ongoing climate change. However, one recently available option is drought-tolerant (DT) varieties. We determine how recent drought exposure, drought risk, and...

Systems high in sustainability are those that aim to make the best use of environmental goods and services while not damaging these assets. The overarching priority for development assistance agencies should be to incorporate emerging ideas about agricultural sustainability into policies toward...

Replaced with revised version of paper 09/06/11.

The relationship between investment efficiency and investment transparency is investigated using a sample of Australian listed company capital expenditure announcements between 2008 and 2014. We suggest two opposing hypotheses to explain why investment efficiency may influence the...

The 1990s marked the start of extensive re-structuring in the aerospace industry throughout the world. While the ensuing consolidation among prime contractors has been widely researched, the changes affecting the aerospace supplier base have received less attention. This exploratory study...

We investigate whether industry differences influence how quickly New Zealand firms adjust towards target debt ratios between 1984 and 2009. We employ two-step and integrated partial adjustment models, and use measures of both book and market leverage. Our first significant finding is that...

This paper examines the financing choices made by New Zealand firms and the factors that influence those choices over the period 1984 to 2009. New Zealand firms are faced with relatively thin capital markets that lack scale and participation. The paper therefore provides an alternative...