Purpose – This paper examines, primarily from an investment perspective, the private returns an individual may gain from extended study towards a chartered accounting (CA) qualification in New Zealand. The present study is based on 2009 New Zealand Institute of Chartered Accountants...

We examine bond covenants of 29 New Zealand bond issues prior to the 2008 securities market act. Results from the study indicate that protection provided for bondholders is weak and limited. On average, only 2-3 types of covenants are embedded with the issues and only 27% of these covenants...

Purpose – During the period 2006-2010, 49 finance companies collapsed or entered moratoriums, owing investors in excess of $8 billion, and the fingers of blame continue to point in circles. The blame for this tremendous financial crisis is extensive and a consolidation of arguments is...

Corporate scandals, across the globe, over the past few years came as a shock not just because of the enormity of failures, but also because of the discovery that questionable accounting practices was far more insidious and widespread than previously envisioned. In this paper, an attempt is made...

This study investigates first, the determinants of the capital structure and second, the speed of adjustment of capital structure of small and medium capitalised firms in Europe before and during the sovereign debt crisis period. The sample includes 306 firms from 10 European countries...

We examine bond covenants of 29 New Zealand bond issues between 2001 and 2007. Results from the study indicate that protection provided for bondholders is weak and limited. On average, only 2-3 types of covenants are embedded with the issues and only 27% of these covenants provide full...