Flying the nest - an analysis of Kiwi firms delisting from the NZX

Gillian Lawrence, Amelia Sharman and Bryan Chapple (occasionalpapers@med.govt.nz)
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Gillian Lawrence: Ministry of Economic Development, New Zealand
Amelia Sharman: Ministry of Economic Development, New Zealand
Bryan Chapple: Ministry of Economic Development, New Zealand

No 09/1, Occasional Papers from Ministry of Economic Development, New Zealand

Abstract: Recent commentary has suggested an increasing trend in delistings from the NZX, driven by offshore takeovers. However, some of that commentary has been driven by anecdotal evidence. In order to shed light on this discussion, we examine the extent and nature of delisting activity over the past 15 years. Our results indicate no increase in offshore takeovers, with well under half of the delistings in the sample period the result of foreign takeovers.

Keywords: NZX; New Zealand stock market; delistings; listings (search for similar items in EconPapers)
JEL-codes: G30 G32 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2009-07
New Economics Papers: this item is included in nep-cfn
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Persistent link: https://EconPapers.repec.org/RePEc:ris:nzmedo:2009_001

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