Martin Lally

Capital Financial Consultants Ltd

SCHOLARLY PAPERS

37

DOWNLOADS

1,140

TOTAL CITATIONS

6

Scholarly Papers (37)

1.

Analysis of the Cost Benefit Advice on COVID-19 Received by the New Zealand Government

Number of pages: 24 Posted: 28 Oct 2021
Martin Lally
Capital Financial Consultants Ltd
Downloads 338 (190,149)
Citation 1

Abstract:

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Covid-19, Cost Benefit Analysis, New Zealand

2.

Estimating the Market Risk Premium Using Historical Data from Multiple Markets

Number of pages: 16 Posted: 12 Jan 2010
Martin Lally
Capital Financial Consultants Ltd
Downloads 226 (287,690)

Abstract:

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Market Risk Premium, Historical Estimates

3.

Public-private Partnerships and the New Zealand Guidelines

Number of pages: 27 Posted: 22 Jul 2024
Martin Lally
Capital Financial Consultants Ltd
Downloads 178 (359,236)

Abstract:

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4.

The Bayesian Framework and the Polkinghorne Case

Number of pages: 24 Posted: 25 Oct 2024
Martin Lally
Capital Financial Consultants Ltd
Downloads 130 (466,812)

Abstract:

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5.

Capital Gains and the Capital Asset Pricing Model

Number of pages: 21 Posted: 10 Oct 2008 Last Revised: 19 Jul 2024
Martin Lally and Tony van Zijl
Capital Financial Consultants Ltd and Victoria University of Wellington - Te Herenga Waka - Faculty of Commerce and Administration
Downloads 89 (612,624)
Citation 5

Abstract:

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6.

The Cost of Saving Lives in New Zealand

Number of pages: 24 Posted: 02 Feb 2023
Martin Lally
Capital Financial Consultants Ltd
Downloads 55 (795,604)

Abstract:

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Saving Lives, Costs

7.

The Fairness Case for Capital Gains Tax in New Zealand: A Financial Economics Perspective

Number of pages: 36 Posted: 24 Mar 2025
Martin Lally
Capital Financial Consultants Ltd
Downloads 51 (832,396)

Abstract:

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8.

The Intuition For The CAPM: Fallacies And Approximations

Number of pages: 20 Posted: 13 Dec 2024
Martin Lally
Capital Financial Consultants Ltd
Downloads 50 (832,396)

Abstract:

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CAPM, Beta, Firm Specific Risk

9.

Public-Private Partnerships and the Australian Guidelines

Number of pages: 13 Posted: 10 Sep 2024
Martin Lally
Capital Financial Consultants Ltd
Downloads 23 (1,101,907)

Abstract:

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10.

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
Lafayette College - Department of Economics & Business and Capital Financial Consultants Ltd

Abstract:

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

11.

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
Lafayette College - Department of Economics & Business and Capital Financial Consultants Ltd

Abstract:

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Beta, Portfolio, Market weight, Abnormal returns

12.

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 Capital Financial Consultants Ltd

Abstract:

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

13.

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 Capital Financial Consultants Ltd

Abstract:

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

14.

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
Capital Financial Consultants Ltd

Abstract:

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

15.

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
Capital Financial Consultants Ltd

Abstract:

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Lally, Risk Free rate, Regulatory term, Present Value

16.

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
Capital Financial Consultants Ltd

Abstract:

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

17.

Betas and Industry Weights

Australian Journal of Management, Vol. 29, No. 1, pp. 109-120, 2004
Posted: 12 Jan 2010
Martin Lally
Capital Financial Consultants Ltd

Abstract:

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Beta, Industry weights

18.

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
Capital Financial Consultants Ltd

Abstract:

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US, Social discount rate, Optimal portfolio, Assets

19.

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
Capital Financial Consultants Ltd

Abstract:

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Expenditures, Fixed assets, Firm valuation, Cash flow

20.

The Rental Rate on Land, Revision Frequency and Inflation

Pacific Accounting Review, Vol. 13, No. 2, 2001
Posted: 12 Jan 2010
Martin Lally
Capital Financial Consultants Ltd

Abstract:

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

21.

Valuation of Companies and Projects Under Differential Personal Taxation

Pacific-Basin Finance Journal, Vol. 8, No. 1, 2000
Posted: 12 Jan 2010
Martin Lally
Capital Financial Consultants Ltd

Abstract:

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

22.

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
Capital Financial Consultants Ltd

Abstract:

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Cost of capital, Capital charge process, SOEs, CAPM

23.

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
Capital Financial Consultants Ltd

Abstract:

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

24.

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
Capital Financial Consultants Ltd

Abstract:

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

25.

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
Capital Financial Consultants Ltd

Abstract:

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

26.

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
Capital Financial Consultants Ltd

Abstract:

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

27.

Betas and Market Leverage

Accounting Research Journal, Vol. 15, No. 1, pp. 91-97, 2002
Posted: 12 Jan 2010
Martin Lally
Capital Financial Consultants Ltd

Abstract:

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Market portfolio, Equity betas, Share portfolio, Leverage

28.

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
Capital Financial Consultants Ltd

Abstract:

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Pension, Superannuation, New Zealand, Valuation

29.

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

New Zealand Business Roundtable, (2000)
Posted: 12 Jan 2010
Martin Lally
Capital Financial Consultants Ltd

Abstract:

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

30.

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
Capital Financial Consultants Ltd

Abstract:

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

31.

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 Capital Financial Consultants Ltd

Abstract:

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

32.

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 - Te Herenga Waka - School of Economics & Finance, Capital Financial Consultants Ltd and affiliation not provided to SSRN

Abstract:

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

33.

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

Posted: 03 Dec 2003
Martin Lally
Capital Financial Consultants Ltd

Abstract:

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34.

Correcting Betas for Changes in Firm and Market Leverage

Posted: 20 Feb 1999
Martin Lally
Capital Financial Consultants Ltd

Abstract:

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35.

An Examination of Blume and Vasicek Betas

Posted: 08 Aug 1998
Martin Lally
Capital Financial Consultants Ltd

Abstract:

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36.

The Demand for Audit Services

Posted: 06 Aug 1998
Haim Falk and Martin Lally
The Technion, Israel Institute of Technology and Capital Financial Consultants Ltd

Abstract:

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37.

The CAPM Under Dividend Imputation and International Portfolio Selection

PACIFIC ACCOUNTING REVIEW, Vol. 8 No. 1
Posted: 18 Dec 1996
Martin Lally
Capital Financial Consultants Ltd

Abstract:

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