This paper estimates the standard and tax-adjusted market risk premiums in New Zealand using historical data between 1931-2002 and a variant of the Siegel (1992) methodology. Similar to Siegel we present evidence that real bond yields in New Zealand were low over the period 1931-2002 and this may bias upwards an Ibbotsontype estimate of the market risk premium. Using an estimate for the histori...

The ‘worst-off’ have been targeted in international development interventions for decades, including the current push towards evaluating progress in achieving the Sustainable Development Goals (SDGs) using an equity-focused and gender-responsive lens (see, for example, Bamberger and Segone 2011; UNICEF 2011). Even in developed nations, the rhetoric of politicians, organisations and programs has...

This paper examines the relation between the Seasoned Equity Offering (SEO) announcement effect and earnings timeliness. I predict that firms with greater earnings timeliness tend to have less information asymmetry between managers and investors, thus decreasing the magnitude of the price drop at the SEO announcement. As anticipated, I find that SEO negative announcement effect varies inversely...

Insider trading problems relating to Japanese seasoned equity offerings (SEO) have attracted the attention of many investors. The purpose of this paper is to examine SEO insider problem and to provide suggestions to solve the problem. We have several findings. First, all four of the SEO insider firms experienced negative abnormal stock returns and high trading volume just two weeks before SEO a...

This paper adopts the two-sector overlapping generation (OLG) model to capture the impact of population ageing on the regional economy and compares the effectiveness of government policy in an endogenous growth perspective. Comparing the computational results of a one-sector OLG model, where agent’s productivity is given exogenously, this paper confirms that endogenously determined investment i...

The paper has two main themes: The first is how such programs are typically assessed, meaning the different tools and criteria that are used to make judgments as to their worth and ultimate "success," or "failure." The second theme addresses the problems inherent in funding programs which are explicitly focused on gender and gender equity in urban education. Some recent studies and reports (Gra...

The Consortium for Educational Access, Transitions and Equity (CREATE) is a Research Programme Consortium supported by the UK Department for International Development (DFID). Its purpose is to undertake research designed to improve access to basic education in developing countries. It seeks to achieve this through generating new knowledge and encouraging its application through effective commun...

The Consortium for Educational Access, Transitions and Equity (CREATE) is a Research Programme Consortium supported by the UK Department for International Development (DFID). Its purpose is to undertake research designed to improve access to basic education in developing countries. It seeks to achieve this through generating new knowledge and encouraging its application through effective commun...

In the past 40 years, the proportion of women in science courses and careers has dramatically increased in some nations but not in others. Our research investigated how national differences in women’s science participation related to gender-science stereotypes that associate science with men more than women. Data from !350,000 participants in 66 nations indicated that higher female enrollment i...