Privatization and the Corporate Cost of Capital in New Zealand: An Application of Fama and French (1999)

About this item

Title

Privatization and the Corporate Cost of Capital in New Zealand: An Application of Fama and French (1999)

Content partner

AgEcon Search

Collection

AgEcon Search

Description

Fama and French’s (1999) internal rate of return method is applied to Datastream data from 1993-2001 for 81 non-financial firms listed on the New Zealand Stock Exchange. The nominal return on value is 7.09%. The real return on value is 5.07%. The nominal return on cost is 11.59%. The real return on cost is 9.48%. The 10 former state-owned enterp...

Format

Research paper

Date created

2005-06

Creator

McGraw, Patricia A.

URL

https://ageconsearch.umn.edu/record/143482

Related subjects

Financial Economics / Industrial Organization / Research Methods / Statistical Methods

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