Martin Lally

Victoria University of Wellington

P.O. Box 600

Wellington 6001

New Zealand

SCHOLARLY PAPERS

33

DOWNLOADS

215

CITATIONS

6

Scholarly Papers (33)

1.

Estimating the Market Risk Premium Using Historical Data from Multiple Markets

Number of pages: 16 Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington
Downloads 173 (172,204)

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Market Risk Premium, Historical Estimates

2.

Ground Rental Rates and Ratchet Clauses

Accounting and Finance, Vol. 44, No. 2, pp. 187-202, July 2004
Number of pages: 16 Posted: 06 Jul 2004
Martin Lally and John Randal
Victoria University of Wellington and Victoria University of Wellington - School of Economics & Finance
Downloads 30 (464,949)
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Ground leases, ratchet clauses, put options

3.

Relationship between Franking Credits and the Market Risk Premium: A Comment

Accounting & Finance, Vol. 48, Issue 1, pp. 143-151, March 2008
Number of pages: 9 Posted: 29 Feb 2008
Martin Lally
Victoria University of Wellington
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4.

Estimating the Market Risk Premium Using Data from Multiple Markets

Economic Record, Vol. 91, Issue 294, pp. 324-337, 2015
Number of pages: 14 Posted: 09 Sep 2015
Martin Lally and John Randal
Victoria University of Wellington and Victoria University of Wellington - School of Economics & Finance
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5.

New Zealand Finance Companies and Risk Premiums

Accounting & Finance, Vol. 54, Issue 4, pp. 1207-1229, 2014
Number of pages: 23 Posted: 18 Dec 2014
Martin Lally and Ved Prasad
Victoria University of Wellington and Victoria University of Wellington - School of Economics & Finance
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Debt risk premiums, Defaults, Finance companies

6.

Betas, Market Weights and the Cost of Capital: The Example of Nokia and Small-Cap Stocks on the Helsinki Stock Exchange

International Review of Financial Analysis, Vol. 17, March 2008
Posted: 12 Jan 2010
Steve Swidler and Martin Lally
Auburn University - College of Business and Victoria University of Wellington

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Market weight, Stocks, Betas, Portfolio theory, Nokia, Helsinki stock exchange

7.

The Effect of an Asset's Market Weight on its Beta

Journal of Multinational Financial Management, Vol. 13, No. 2, pp. 161-170, 2003
Posted: 12 Jan 2010
Steve Swidler and Martin Lally
Auburn University - College of Business and Victoria University of Wellington

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Beta, Portfolio, Market weight, Abnormal returns

8.

Estimating the Market Risk Premium in New Zealand Through the Siegel Methodology

Accounting Research Journal, Vol. 17, No. 2, pp. 93-101, 2004
Posted: 12 Jan 2010
Alastair Marsden and Martin Lally
University of Auckland - Business School and Victoria University of Wellington

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Market risk premium, New Zealand, Siegel, Ibbotson-type estimate

9.

Tax-Adjusted Market Risk Premiums in New Zealand: 1931-2002

Pacific-Basin Finance Journal, Vol. 12, No. 3, pp. 291-310, 2004
Posted: 12 Jan 2010
Alastair Marsden and Martin Lally
University of Auckland - Business School and Victoria University of Wellington

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Historical analysis, Equities, Government bonds, Yields, Inflation rate, New Zealand, CAPM

10.

Regulation and the Term of the Risk Free Rate: Implications of Corporate Debt

Accounting Research Journal, Vol. 20, No. 2, pp. 73-80, 2007
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Risk free rate, Regulation, Corporate debt, Present Value, Equity

11.

Rejoinder: Regulation and the Term of the Risk Free Rate: Implications of Corporate Debt

Accounting Research Journal, Vol. 20, No. 2, pp. 87-88, 2007
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Lally, Risk Free rate, Regulatory term, Present Value

12.

Regulatory Revenues and the Choice of the CAPM: Australia Versus New Zealand

Australian Journal of Management, Vol. 31, pp. 1-19, 2006
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Officer model, Brennan-Lally model, Sharpe-Lintner-Mossin model, CAPM, Regulatory revenues

13.

Betas and Industry Weights

Australian Journal of Management, Vol. 29, No. 1, pp. 109-120, 2004
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Beta, Industry weights

14.

Measuring the U.S. Social Discount Rate: Reply to Azar

Applied Financial Economics Letters, Vol. 4, No. 4, pp. 283-285, 2008
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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US, Social discount rate, Optimal portfolio, Assets

15.

Free Cash Flow Models, Terminal Values and the Timing of Asset Replacements

New Zealand Economic Papers, Vol. 41, No. 1, pp. 79-102, 2008
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Expenditures, Fixed assets, Firm valuation, Cash flow

16.

The Rental Rate on Land, Revision Frequency and Inflation

Pacific Accounting Review, Vol. 13, No. 2, 2001
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Land rent, Ground rental rate, Land value, Frequency of revision

17.

Valuation of Companies and Projects Under Differential Personal Taxation

Pacific-Basin Finance Journal, Vol. 8, No. 1, 2000
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Company valuation, Personal taxation, Dividends, Imputation, Capital Gains

18.

Public Sector Cost of Capital: A Comparison of Two Models

New Zealand Economic Papers, Vol. 32, No. 2, pp. 195-212, December 1998
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Cost of capital, Capital charge process, SOEs, CAPM

19.

The Gordon-Shapiro Dividend Growth Formula and Inflation

Accounting and Finance, Vol. 28 No. 2, pp. 45-51, November 1988
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Valuation model, Dividends, Discounting, Growth rate, Gordon-Shapiro

20.

Regulation and the Choice of the Risk Free Rate

Accounting Research Journal, Vol. 17, No. 1, pp. 18-23, 2004
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Regulation, Risk free rate, Output prices, Firms, Cost of Capital

21.

Regulation and the Cost of Equity Capital in Australia

Journal of Law and Financial Management, Vol. 2, No. 1, pp. 29-42, 2003
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Officer Model, Cost of Equity Capital, Regulation, CAPM, Australia, market risk premium

22.

Time-Varying Market Leverage, the Market Risk Premium and the Cost of Capital

Journal of Business Finance and Accounting, Vol. 29, pp. 1301-1318, Nov./Dec. 2002
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Market portfolio, Share portfolio, Ibbotson, Market risk premium, Miller-Modigliani

23.

Betas and Market Leverage

Accounting Research Journal, Vol. 15, No. 1, pp. 91-97, 2002
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Market portfolio, Equity betas, Share portfolio, Leverage

24.

The Valuation of GSF's Defined Benefit Pension Entitlements

New Zealand Economic Papers, Vol. 34, No, 2, pp. 183-199, December 2000
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Pension, Superannuation, New Zealand, Valuation

25.

The Real Cost of Capital in New Zealand: Is it Too High?

New Zealand Business Roundtable, (2000)
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Cost of Capital, New Zealand, Foreign direct investment, Equity markets, Policy implications

26.

The Accuracy of CAPM Proxies for Estimating a Firm's Cost of Equity

Accounting and Finance, Vol. 35 No. 1, pp. 63-72, May 1995
Posted: 12 Jan 2010
Martin Lally
Victoria University of Wellington

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Cost of equity, CAPM, Market portfolio, Share index, Bias, Factor coefficients

27.

Capital Charging and Asset Revaluation: New Choices in Government Financial Reporting?

International Journal of Accounting, Vol. 32, No. 1, 1997
Posted: 12 Jan 2010
G. Stevenson Smith and Martin Lally
West Virginia University and Victoria University of Wellington

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New Zealand, Accrual accounting, Asset revaluation, Capital charging, Output budgeting, Management

28.

Non-Parametric Estimation of Historical Volatility

Quantitative Finance, Vol. 4, No. 4, pp. 427-440, August 2004
Posted: 21 Dec 2009
John Randal, Martin Lally and Peter J. Thomson
Victoria University of Wellington - School of Economics & Finance, Victoria University of Wellington and affiliation not provided to SSRN

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Volatility, Time series, Option Pricing, Non-Parametric, Max Likelihood estimation

29.

The Fama-French Model, Leverage and the Modigliani-Miller Propositions

Journal of Financial Research, Forthcoming
Posted: 03 Dec 2003
Martin Lally
Victoria University of Wellington

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30.

Correcting Betas for Changes in Firm and Market Leverage

Pacific Accounting Review, Vol. 10, No. 2, December 1998
Posted: 20 Feb 1999
Martin Lally
Victoria University of Wellington

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31.

An Examination of Blume and Vasicek Betas

Financial Review, August 1998
Posted: 08 Aug 1998
Martin Lally
Victoria University of Wellington

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32.

The Demand for Audit Services

Posted: 06 Aug 1998
Haim Falk and Martin Lally
The Technion, Israel Institute of Technology and Victoria University of Wellington

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33.

The CAPM Under Dividend Imputation and International Portfolio Selection

PACIFIC ACCOUNTING REVIEW, Vol. 8 No. 1
Posted: 18 Dec 1996
Martin Lally
Victoria University of Wellington

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