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Martin Lally

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First Name:Martin
Middle Name:
Last Name:Lally
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RePEc Short-ID:pla420
[This author has chosen not to make the email address public]
http://www.victoria.ac.nz/SEF/pages/staff/MartinLally/index.aspx

Research output

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Jump to: Working papers Articles

Working papers

  1. Lally, Martin, 2005. "Forward Looking Estimates of the Market Risk Premium," Working Paper Series 18895, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
  2. Martin Lally, 2004. "Revising the revisionists more on the WACC," Competition & Regulation Times 375005, New Zealand Institute for the Study of Competition and Regulation.
  3. Lally, Martin, 2003. "The Impact of Regulation on the Firm's Cost of Capital," Working Paper Series 18878, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    repec:vuw:vuwcsr:3802 is not listed on IDEAS
    repec:vuw:vuwcsr:3785 is not listed on IDEAS

Articles

  1. Martin Lally, 2016. "Optimal exit dates for members of the GSF," Pacific Accounting Review, Emerald Group Publishing Limited, vol. 28(2), pages 201-218, April.
  2. Martin Lally & John Randal, 2015. "Estimating the Market Risk Premium Using Data from Multiple Markets," The Economic Record, The Economic Society of Australia, vol. 91(294), pages 324-337, September.
  3. Martin Lally & Ved Prasad & Henk Berkman, 2014. "New Zealand finance companies and risk premiums," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 54(4), pages 1207-1229, December.
  4. Lally, Martin, 2011. "Optimal dividend policy, debt policy and the level of investment within a multi-period DCF framework," Pacific-Basin Finance Journal, Elsevier, vol. 19(1), pages 21-40, January.
  5. Martin Lally, 2010. "The capitalisation rate of the Government Superannuation Fund," Pacific Accounting Review, Emerald Group Publishing Limited, vol. 22(3), pages 253-271, November.
  6. Martin Lally, 2010. "The risk-adjusted costs of financial distress: a comment," Applied Economics Letters, Taylor & Francis Journals, vol. 17(16), pages 1611-1613.
  7. Lally, Martin & Swidler, Steve, 2008. "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, Elsevier, vol. 17(5), pages 805-819, December.
  8. Martin Lally, 2008. "Free cash flow models, terminal values and the timing of asset replacements," New Zealand Economic Papers, Taylor & Francis Journals, vol. 42(1), pages 79-102.
  9. Martin Lally, 2008. "Relationship between franking credits and the market risk premium: a comment," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(1), pages 143-151, March.
  10. Martin Lally, 2007. "Rejoinder:Regulation and the Term of the Risk Free Rate: Implications of Corporate Debt," Accounting Research Journal, Emerald Group Publishing Limited, vol. 20(2), pages 87-88, December.
  11. Martin Lally, 2007. "Regulation and the Term of the Risk Free Rate: Implications of Corporate Debt," Accounting Research Journal, Emerald Group Publishing Limited, vol. 20(2), pages 73-80, December.
  12. Martin Lally, 2006. "Regulatory Revenues and the Choice of the CAPM: Australia Versus New Zealand," Australian Journal of Management, Australian School of Business, vol. 31(2), pages 313-331, December.
  13. Martin Lally, 2004. "Betas and Industry Weights," Australian Journal of Management, Australian School of Business, vol. 29(1), pages 109-120, June.
  14. John Randal & Peter Thomson & Martin Lally, 2004. "Non-parametric estimation of historical volatility," Quantitative Finance, Taylor & Francis Journals, vol. 4(4), pages 427-440.
  15. Martin Lally, 2004. "The Fama‐French Model, Leverage, And The Modigliani‐Miller Propositions," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 27(3), pages 341-349, September.
  16. Lally, Martin & Marsden, Alastair, 2004. "Tax-adjusted market risk premiums in New Zealand: 1931-2002," Pacific-Basin Finance Journal, Elsevier, vol. 12(3), pages 291-310, June.
  17. Martin Lally & John Randal, 2004. "Ground rental rates and ratchet clauses," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 44(2), pages 187-202, July.
  18. Lally, Martin & Swidler, Steve, 2003. "The effect of an asset's market weight on its beta: implications for international markets," Journal of Multinational Financial Management, Elsevier, vol. 13(2), pages 161-170, April.
  19. Martin Lally & Tony Van Zijl, 2003. "Capital gains tax and the capital asset pricing model," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 43(2), pages 187-210, July.
  20. Martin Lally, 2002. "Time Varying Market Leverage, the Market Risk Premium and the Cost of Capital," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 29(9‐10), pages 1301-1318.
  21. Martin Lally, 2001. "The Rental Rate on Land, Revision Frequency and Inflation," Pacific Accounting Review, Emerald Group Publishing Limited, vol. 13(2), pages 17-34, February.
  22. Martin Lally, 2000. "The valuation of GSF's defined benefit pension entitlements," New Zealand Economic Papers, Taylor & Francis Journals, vol. 34(2), pages 183-199.
  23. Lally, Martin, 2000. "Valuation of companies and projects under differential personal taxation," Pacific-Basin Finance Journal, Elsevier, vol. 8(1), pages 115-133, March.
  24. Lally, Martin, 1998. "An Examination of Blume and Vasicek Betas," The Financial Review, Eastern Finance Association, vol. 33(3), pages 183-197, August.
  25. Martin Lally, 1998. "Public sector cost of capital: A comparison of two models," New Zealand Economic Papers, Taylor & Francis Journals, vol. 32(2), pages 197-214.
  26. Martin Richardson & Joe Wallis & Tim Hazledine & Fred Gruen & Paul Scuffham & Martin Lally, 1997. "Book reviews," New Zealand Economic Papers, Taylor & Francis Journals, vol. 31(2), pages 229-248.
  27. Lally, Martin T. & Smith, G. Stevenson, 1997. "Capital charging and asset revaluations: New choices in governmental financial reporting?," The International Journal of Accounting, Elsevier, vol. 32(1), pages 45-62.
    RePEc:taf:apfelt:v:4:y:2008:i:4:p:283-285 is not listed on IDEAS

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

    Sorry, no citations of working papers recorded.

Articles

  1. Lally, Martin & Swidler, Steve, 2008. "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, Elsevier, vol. 17(5), pages 805-819, December.

    Cited by:

    1. Hahl, Teemu & Vähämaa, Sami & Äijö, Janne, 2014. "Value versus growth in IPOs: New evidence from Finland," Research in International Business and Finance, Elsevier, vol. 31(C), pages 17-31.
    2. Nader Virk & Hilal Butt, 2016. "Specification errors of asset-pricing models for a market characterized by few large capitalization firms," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 40(1), pages 68-84, January.
    3. Janas Krzysztof, 2018. "Comparison of Risk Index Estimating Methods on the Polish Financial Market," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 14(4), pages 1-11, December.

  2. Martin Lally, 2008. "Relationship between franking credits and the market risk premium: a comment," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(1), pages 143-151, March.

    Cited by:

    1. Fenech, Jean-Pierre & Skully, Michael & Xuguang, Han, 2014. "Franking credits and market reactions: Evidence from the Australian convertible security market," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 32(C), pages 1-19.
    2. Stephen Gray & Jason Hall, 2008. "Relationship between franking credits and the market risk premium: a reply," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(1), pages 133-142, March.
    3. Kai-Wei (Shaun) Siau & Stephen J. Sault & Geoffrey J. Warren & Henk Berkman, 2015. "Are imputation credits capitalised into stock prices?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 55(1), pages 241-277, March.

  3. John Randal & Peter Thomson & Martin Lally, 2004. "Non-parametric estimation of historical volatility," Quantitative Finance, Taylor & Francis Journals, vol. 4(4), pages 427-440.

    Cited by:

    1. Grażyna Trzpiot & Justyna Majewska, 2008. "Investment decisions and portfolios classifications based on robust methods of estimation," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 18(1), pages 83-96.
    2. Fried, Roland, 2012. "On the online estimation of local constant volatilities," Computational Statistics & Data Analysis, Elsevier, vol. 56(11), pages 3080-3090.
    3. Alexander Tchernitser & Dmitri Rubisov, 2009. "Robust estimation of historical volatility and correlations in risk management," Quantitative Finance, Taylor & Francis Journals, vol. 9(1), pages 43-54.

  4. Martin Lally, 2004. "The Fama‐French Model, Leverage, And The Modigliani‐Miller Propositions," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 27(3), pages 341-349, September.

    Cited by:

    1. Michael Dempsey, 2015. "Stock Markets, Investments and Corporate Behavior:A Conceptual Framework of Understanding," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number p1007, August.
    2. Michael Dempsey, 2010. "The book-to-market equity ratio as a proxy for risk: evidence from Australian markets," Australian Journal of Management, Australian School of Business, vol. 35(1), pages 7-21, April.

  5. Lally, Martin & Marsden, Alastair, 2004. "Tax-adjusted market risk premiums in New Zealand: 1931-2002," Pacific-Basin Finance Journal, Elsevier, vol. 12(3), pages 291-310, June.

    Cited by:

    1. Boyle, Glenn & Clyne, Stefan & Roberts, Helen, 2005. "Valuing Employee Stock Options: Implications for the Implementation of NZ IFRS 2," Working Paper Series 18949, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    2. Boyle, Glenn, 2005. "Risk, Expected Return and the Cost of Equity Capital," Working Paper Series 18947, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    3. Oscar Parkyn & Tugrul Vehbi, 2013. "The Effects of Fiscal Policy in New Zealand: Evidence from a VAR Model with Debt Constraints," Treasury Working Paper Series 13/02, New Zealand Treasury.
    4. Martin Lally, 2006. "Regulatory Revenues and the Choice of the CAPM: Australia Versus New Zealand," Australian Journal of Management, Australian School of Business, vol. 31(2), pages 313-331, December.
    5. Glenn Boyle, 2005. "Risk, expected return, and the cost of equity capital," New Zealand Economic Papers, Taylor & Francis Journals, vol. 39(2), pages 181-194.
    6. Lally, Martin, 2011. "Optimal dividend policy, debt policy and the level of investment within a multi-period DCF framework," Pacific-Basin Finance Journal, Elsevier, vol. 19(1), pages 21-40, January.
    7. Hai Lin & Daniel Quill & Henk Berkman, 2016. "Information diffusion and the predictability of New Zealand stock market returns," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 56(3), pages 749-785, September.
    8. Marshall, Ben R. & Nguyen, Nhut H. & Visaltanachoti, Nuttawat, 2021. "Beta estimation in New Zealand," Pacific-Basin Finance Journal, Elsevier, vol. 70(C).
    9. Martin Lally & John Randal, 2004. "Ground rental rates and ratchet clauses," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 44(2), pages 187-202, July.

  6. Martin Lally & John Randal, 2004. "Ground rental rates and ratchet clauses," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 44(2), pages 187-202, July.

    Cited by:

    1. Glenn Boyle & Graeme Guthrie & Neil Quigley, 2009. "Estimating unobservable valuation parameters for illiquid assets," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 49(3), pages 465-479, September.
    2. Maria Trojanek & Marcin Anholcer & Audrius Banaitis & Radoslaw Trojanek, 2018. "A Generalised Model of Ground Lease Pricing," Sustainability, MDPI, vol. 10(9), pages 1-21, September.
    3. Quigley, Neil & Boyle, Glenn & Guthrie, Graeme, 2008. "Estimating Implied Valuation Parameters: Extension and Application to Ground Lease Rentals," Working Paper Series 19113, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.

  7. Lally, Martin & Swidler, Steve, 2003. "The effect of an asset's market weight on its beta: implications for international markets," Journal of Multinational Financial Management, Elsevier, vol. 13(2), pages 161-170, April.

    Cited by:

    1. Lally, Martin & Swidler, Steve, 2008. "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, Elsevier, vol. 17(5), pages 805-819, December.
    2. Martin Lally, 2004. "Betas and Industry Weights," Australian Journal of Management, Australian School of Business, vol. 29(1), pages 109-120, June.

  8. Martin Lally & Tony Van Zijl, 2003. "Capital gains tax and the capital asset pricing model," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 43(2), pages 187-210, July.

    Cited by:

    1. Mike Dempsey & Graham Partington, 2008. "Cost of capital equations under the Australian imputation tax system," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(3), pages 439-460, September.
    2. Giang Truong & Graham Partington & Maurice Peat, 2008. "Cost-of-Capital Estimation and Capital-Budgeting Practice in Australia," Australian Journal of Management, Australian School of Business, vol. 33(1), pages 95-121, June.
    3. Martin Lally, 2006. "Regulatory Revenues and the Choice of the CAPM: Australia Versus New Zealand," Australian Journal of Management, Australian School of Business, vol. 31(2), pages 313-331, December.
    4. Lally, Martin & Marsden, Alastair, 2004. "Tax-adjusted market risk premiums in New Zealand: 1931-2002," Pacific-Basin Finance Journal, Elsevier, vol. 12(3), pages 291-310, June.
    5. Martin Lally, 2008. "Relationship between franking credits and the market risk premium: a comment," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(1), pages 143-151, March.
    6. Michael Dempsey, 2015. "Stock Markets, Investments and Corporate Behavior:A Conceptual Framework of Understanding," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number p1007, August.
    7. John C. Handley & Krishnan Maheswaran, 2008. "A Measure of the Efficacy of the Australian Imputation Tax System," The Economic Record, The Economic Society of Australia, vol. 84(264), pages 82-94, March.
    8. Kai-Wei (Shaun) Siau & Stephen J. Sault & Geoffrey J. Warren & Henk Berkman, 2015. "Are imputation credits capitalised into stock prices?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 55(1), pages 241-277, March.

  9. Martin Lally, 2001. "The Rental Rate on Land, Revision Frequency and Inflation," Pacific Accounting Review, Emerald Group Publishing Limited, vol. 13(2), pages 17-34, February.

    Cited by:

    1. Quigley, Neil & Boyle, Glenn & Guthrie, Graeme, 2008. "Estimating Implied Valuation Parameters: Extension and Application to Ground Lease Rentals," Working Paper Series 19113, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.

  10. Lally, Martin, 2000. "Valuation of companies and projects under differential personal taxation," Pacific-Basin Finance Journal, Elsevier, vol. 8(1), pages 115-133, March.

    Cited by:

    1. Mike Dempsey & Graham Partington, 2008. "Cost of capital equations under the Australian imputation tax system," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(3), pages 439-460, September.
    2. Martin Lally, 2006. "Regulatory Revenues and the Choice of the CAPM: Australia Versus New Zealand," Australian Journal of Management, Australian School of Business, vol. 31(2), pages 313-331, December.
    3. Lally, Martin & Marsden, Alastair, 2004. "Tax-adjusted market risk premiums in New Zealand: 1931-2002," Pacific-Basin Finance Journal, Elsevier, vol. 12(3), pages 291-310, June.
    4. Martin Lally & Tony Van Zijl, 2003. "Capital gains tax and the capital asset pricing model," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 43(2), pages 187-210, July.
    5. Zurita, Salvador & Castillo, Augusto & Niño, Jorge, 2019. "Inflation, tax integration and company valuation: The Latin American case," Journal of Business Research, Elsevier, vol. 105(C), pages 370-380.
    6. Lally, Martin, 2011. "Optimal dividend policy, debt policy and the level of investment within a multi-period DCF framework," Pacific-Basin Finance Journal, Elsevier, vol. 19(1), pages 21-40, January.
    7. Kai-Wei (Shaun) Siau & Stephen J. Sault & Geoffrey J. Warren & Henk Berkman, 2015. "Are imputation credits capitalised into stock prices?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 55(1), pages 241-277, March.

  11. Lally, Martin, 1998. "An Examination of Blume and Vasicek Betas," The Financial Review, Eastern Finance Association, vol. 33(3), pages 183-197, August.

    Cited by:

    1. Dmitry Bazhutov & André Betzer & Richard Stehle, 2023. "Beta estimation in the European network regulation context: what matters, what doesn’t, and what is indispensable," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 37(3), pages 239-275, September.
    2. Frieder Meyer-Bullerdiek, 2024. "The Quality of Blume and Vasicek Betas for forecasting systematic risk: Evidence from a German stock portfolio," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 14(6), pages 1-1.
    3. Pedro Antonio Martín-Cervantes & María del Carmen Valls Martínez, 2023. "Unraveling the relationship between betas and ESG scores through the Random Forests methodology," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-29, September.
    4. Juan Carlos Gutierrez Betancur, 2017. "Robust Estimation of beta and the hedging ratio in Stock Index Futures In the Integrated Latin American Market," Revista Ecos de Economía, Universidad EAFIT, vol. 21(44), pages 37-71, June.

  12. Lally, Martin T. & Smith, G. Stevenson, 1997. "Capital charging and asset revaluations: New choices in governmental financial reporting?," The International Journal of Accounting, Elsevier, vol. 32(1), pages 45-62.

    Cited by:

    1. Ramadhan, Sayel, 2009. "Budgetary accounting and reporting practices in Bahraini governmental units: An empirical study," International Business Review, Elsevier, vol. 18(2), pages 168-183, April.

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