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...

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...