Research in empirical
finance and applied financial econometrics

The Auckland Centre for Financial Research strives to achieve excellence in empirical finance and applied financial econometric research by developing world-class researchers, establishing relationships with leading academics and institutes, and engaging with industry.

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Featured
Politics of Liquidity
Trade Partners
Featured
Politics of Liquidity

Politics of Liquidity

The President’s Party and its Power – Research has found that when a Democrat president is in power, there is rapid economic growth, lower unemployment rate, and business profits are more significant compared to when a Republican president is in control. We investigate the link between politics and activity in the U.S. stock market to find that markets become more liquid under a Democratic presidency.

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Trade Partners

Uncertainty of trade relationships

New Zealand’s top two trading partners, US and China, are not acting like partners at all. How does the uncertainty of the trade relationship between the US and China impact a smaller economy like New Zealand?

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Do Academics Add Value to Firms?

We investigated whether academics add value to firms. The answer is yes!
Independent directors add value to a firm through their collected diverse experiences and knowledge; together advancing a firm’s performance. Academic expertise is a relevant category that contributes to the character of a director.

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NYSE affects on Global markets

On March 31, 2019, the NYSE had 507 non-US companies from 46 countries listed on it. Trading in the US and the home market is beneficial because of competition for order flow, more investors, and more price information. For investors, cross-listed stocks are a good way to invest in foreign stocks and present cross-market arbitrage opportunities.

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Informational Impact of Announcements

When important information is released into financial markets, prices respond to reflect the information from the announcement. This reaction keeps markets efficient and ensures that prices are correct. Some investors are better informed, and at times of announcements, these more informed traders can exploit their informational advantage to make financial gain.

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Applied Finance Letters

AFL is our open access journal.

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