Dr Alastair Marsden
Associate Professor
Department:
Address: Owen G Glenn Building
12 Grafton Road
Auckland
Faculty: Business & Economics
Phone: +64 9 373 7599 Ext. 88564
Email: a.marsden@auckland.ac.nz

Alastair Marsden has been with the Department of Accounting and Finance since 1991. He teaches risk and insurance, corporate finance, and investments. He also teaches risk management at postgraduate level. Alastair’s research interests are in corporate valuation, cost of capital, and equity issues.
Special Interests:
Capital budgeting
Corporate finance
Teaching:
2012 Finance 362 Risk Management
2012 Finance 762 Risk Management
Selected Publications:
Refereed Journal Articles
2011 MARSDEN, A. POSKITT, R. WANG, K. ‘The impact of New Zealand's disclosure reform on differential managerial disclosure behaviour for good news versus bad news firms‘, Pacific Accounting Review, 23, 224-261.
2011 POSKITT, R. MARSDEN, A. NGUYEN, N. SHEN, J. ‘The introduction of broker anonymity on the New Zealand Exchange‘, Pacific Accounting Review, 23, 1, 34-51.
2009 MARSDEN, A. POSKITT, R. ‘An analysis of ASX price queries‘, Australian Accounting Review, 19, 3, 217-230.
2009 HUANG, M. MARSDEN, A. POSKITT, R. ‘The impact of disclosure reform on the NZX's financial information environment‘, Pacific Basin Finance Journal, 17, 4, 460-478.
2008 MARSDEN, A. POSKITT, R. ‘An empirical analysis of the NZX's price query system‘, Pacific Accounting Review, 20, 1, 4-28.
2008 DAVIDSON, F. MARSDEN, A. VEERARAGHAVAN, M. ‘Do zero-cost portfolios have the ability to predict economic growth? Evidence from Hong Kong, South Korea and Taiwan‘, International Review of Financial Analysis, 17, 1012-1028.
2008 MARSDEN, A. VEERARAGHAVAN, M. YE, S. ‘Heuristics of Representativeness, Anchoring, and Adjustment, and Leniency: Impact on Earnings' Forecasts by Australian Analysts‘, Quarterly Journal of Business & Economics, 47, 83-103.
2008 ELLIFFE, C. MARSDEN, A. POSKITT, R. ‘Impact of the approved issuer levy on New Zealand dollar domestic interest rates‘, New Zealand Journal of Taxation Law and Policy, 14, 4, 483-499.
2008 MARSDEN, A. POSKITT, R. ‘Price discovery in the AUD/NZD market‘, INFINZ Journal, May, 22-28.
2008 MARISETTY, V. MARSDEN, A. VEERARAGHAVAN, M. ‘Price Reaction to Rights Issues in the Indian Capital Market‘, Pacific Basin Finance Journal 16, 3, 316-340.
2007 DREW, M. MARSDEN, A. VEERARAGHAVEN, M. ‘Does idiosyncratic volatility matter? – New Zealand evidence‘, Review of Pacific Basin Financial Markets and Policies , 10, 289-308.
2006 MARSDEN, A. POSKITT, R. ‘Continuous disclosure at NZX: more evidence‘, Competition & Regulation Times, 21, 10-11.
2006 MARSDEN, A. DREW, M. VEERARAGHAVEN, M. ‘Small firm effect, liquidity and security returns: Australian evidence‘, Journal of Emerging Market Finance, 5, 135-149.
2004 MARSDEN, A. PREVOST, A. ‘Derivatives Use, Corporate Governance, and Legislative Change: An Empirical Analysis of New Zealand Listed Companies‘, Journal of Business Finance and Accounting , 1 &2, 255-296.
2004 LALLY, M. MARSDEN, A. ‘Estimating the Market Risk Premium in New Zealand through the Siegel Methodology‘, Accounting Research Journal, 17, 93-101.
2004 LALLY, M. MARSDEN, A. ‘Historical Tax-adjusted market risk premiums in New Zealand: 1931-2002‘, Pacific Basin Finance Journal, 3,, 423 - 449.
2003 MARSDEN, A. ‘Valuation biases in projects with tax losses‘, JASSA, 2, 15-20 (Winter)
2002 MARSDEN, A. ‘Forest valuation, capital budgeting and discount rates‘, New Zealand Journal of Forestry 47(1): 9 – 12



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