Now showing items 1-20 of 49

  • Networking audio 

    Edwards, Chris
    With the installation of the Music Department’s new SSL mixing console and the founding of the New Zealand Music Industry Centre (NZMiC), there are exciting new possibilities for sound production and performance at Otago, ...
  • Keeping research data safe 

    Stanger, Nigel
    Most researchers will create or acquire numerous sets of data during their career, but the sad reality is that many of these data sets are not managed systematically. This was not such an issue when data sets were relatively ...
  • Bang, beep, buzz, blip: Introducing Pure Data 

    Edwards, Chris
    Pure Data (Pd) is a graphical data-flow environment for multimedia, created by Miller Puckette of the Center for Research in Computing and the Arts at UCSD. It’s a fun, versatile and intuitive environment providing high-level ...
  • The RepRap Project—Open Source meets 3D printing 

    Arnott, Reece
    Abstract: The RepRap Project is an open source hardware and software project headed by Adrian Bowyer of the University of Bath with the goal of producing a low cost ‘rapid prototyper’ or 3D printer i.e. a machine that can ...
  • Indigenous Legal Traditions: Looking at ways to reconcile aboriginal law and common law. A practical and principled approach. 

    Warbrick, Paerau
    It is rather late in the day to say that customary law and aboriginal law does not form part of the common law system in the twenty-first century. The adoption by the United Nations of the Declaration of Indigenous Rights ...
  • An explanation of unbiased expectations and efficient market hypothesis using Markov switching framework 

    Bhattacharya, Prasad S; Singh, Harminder
    This paper uses Indian stock futures data to explore unbiased expectations and efficient market hypothesis. Having experienced voluminous transactions within a short time span after its establishment, the Indian stock ...
  • International IPO underpricing, earnings quality, and governance 

    Boulton, Thomas J; Smart, Scott B; Zutter, Chad J
    Examining a sample of more than 4,600 IPOs across 24 countries from 2000-2004, we find that firm- and deal-specific characteristics widely used in IPO single-country underpricing studies (e.g., offer size, underwriter ...
  • What’s in a vote? The short- and long-run impact of dual-class equity on IPO firm values 

    Smart, Scott B; Thirumalai, Rhamabhadran; Zutter, Chad J
    We find that relative to fundamentals, dual-class firms trade at lower prices than do singleclass firms both at the IPO date and for at least the subsequent five years. The lower prices attached to dual-class firms do not ...
  • Agency Problems and Audit Fees: Further Tests of the Free Cash Flow Hypothesis 

    Griffin, Paul A; Lont, David H; Sun, Yuan
    This study finds that the agency problems of companies with high free cash flow (FCF) and low growth opportunities induce auditors of companies in the United States to raise audit fees to compensate for the additional ...
  • Agency Problems and Audit Fees: Further Tests of the Free Cash Flow Hypothesis 

    Griffin, Paul A; Lont, David H; Sun, Yuan
    This study finds that the agency problems of companies with high free cash flow (FCF) and low growth opportunities induce auditors of companies in the United States to raise audit fees to compensate for the additional ...
  • House prices and bubbles in New Zealand 

    Fraser, Patricia; Hoesli, Martin; McAlevey, Lynn
    Much of bubble literature centred on financial markets. Dominant theory – if prices deviate from fundamental value for some time then a bubble is said to exist. Bubbles usually characterised in three main ways: ● momentum: ...
  • The corporate cost of capital and financial investment in New Zealand 

    Chen, Jianguo; Wang, Ruijing; Black, Carolyn
    We have estimated the cost of capital for the New Zealand listed non-finance corporate sector by the corporate internal rate of return method adopted by Fama and French (1999). The real IRR on value is 1.87% and IRR on ...
  • Analyst forecasts in New Zealand 

    Ciccone, Stephen J; Etebari, Ahmad
    This study explores analyst annual earnings forecasts in New Zealand. The results show that forecasts of New Zealand firms do not suffer from the pessimistic biases found in studies of forecasts for United States firms. ...
  • Explicit vs. implicit contracts: Evidence from CEO employment agreements 

    Gillan, Stuart L; Hartzell, Jay C; Parrino, Robert
    We report evidence on the choice between explicit (written) and implicit contracting for a sample of agreements between CEOs and their firms. Fewer than half of S&P 500 CEOs have explicit contracts. Evidence on the ...
  • Improving VWAP strategies : A dynamical volume approach 

    Białkowski, Jedrzej; Darolles, Serge; Le Fol, Gaëlle
    In this paper, we present a new methodology for modeling intraday volume which allows for a reduction of the execution risk in VWAP (Volume Weighted Average Price) orders. The results are obtained for the all stocks included ...
  • The search for relative value in bonds: Asset swaps are a seductive, but incomplete, approach. 

    Grieves, Robin; Mann, Steven V
    Asset swap spreads are a widely used metric for identifying relative value in bonds. We document that this approach breaks down because different benchmark credit curves have different slopes and spread volatilities. If ...
  • Partial ownership and cross-border mergers 

    Stähler, Frank
    Partial ownership can be used as a screening device by a foreign firm which wants to merge with a local firm whose productivity is private information. As partial ownership is confined to sharing future merger profits, it ...
  • Beyond the short run: The longer time scale volatility of investment value 

    Bowden, Roger; Zhu, Jennifer
    Fund and other investments often exhibit longer run volatility associated with macroeconomic or other dynamics to an extent inconsistent with the efficient market accumulation model. Volatility and performance models or ...
  • Ratio spreads 

    Chaput, J Scott; Ederington, Louis H
    Ratio spreads in which one buys X calls (or puts) at one strike and sells Y calls (puts) at a different strike where YX are among the most actively traded option combinations yet are only briefly mentioned in most derivatives ...
  • The cost of funds and bank efficiency through time 

    Tripe, David
    A super-efficiency model within Data Envelopment Analysis (DEA) was used to study the relative efficiency of New Zealand banks for the period 1996 to 2003. Evidence was found for improvement in efficiency, although it was ...