The impact of the Financial Market Authority (FMA) on the transparency of financial information in New Zealand Event as iCalendar

(Accounting and Finance)

25 January 2019

11am - 12:30pm

Venue: The University of Auckland Business School, Level 3, Room 321, 12 Grafton Road, Auckland, 1010

Abstract:
The goal of establishing the Financial Market Authority (FMA) is to improve the transparency of financial information in New Zealand, through strengthening the compliance and enforcement of financial market laws. My research question is whether the FMA reforms affect transparency measured by financial reporting quality and information asymmetry. Prior literature shows that the enforcement of financial market laws is important in enhancing transparency, but there is a lack of research that examines the effect of enforcement change on the transparency in New Zealand. The establishment of the FMA in 2011 provides a natural setting to examine the impact of enforcement change on the transparency of financial information in New Zealand. My intended contribution is to shed light on whether the strong enforcement of financial market laws improves transparency in New Zealand. A quantitative research approach is proposed and multiple regressions will be used as the major analytical tools.

Bio:
Terry Li is a PhD candidate with the Department of Accounting and Finance at The University of Auckland. He is a PTF and has been with the department for the past nine years. Terry completed his MCom(Hons) with First Class Honours at The University of Auckland.

For more information contact:
John Lee
Email: byong.lee@auckland.ac.nz
Ext. 85171