The Relative Impact of Different News on Stock Returns: Evidence From New Zealand

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dc.citation.volumeEarly View
dc.contributor.authorMa R
dc.contributor.authorMarshall BR
dc.contributor.authorNguyen NH
dc.contributor.authorVisaltanachoti N
dc.date.accessioned2026-02-18T01:49:37Z
dc.date.issued2026-01-19
dc.description.abstractWe estimate the effects of different news events on New Zealand stock returns. Our results indicate that local news, such as announcements from the New Zealand Central Bank interest rate changes (official cash rate) and company earnings reports, generally has a greater impact than international news. However, U.S. Federal Open Market Committee interest rate announcements also exert an important impact. There are no consistent differences in the impact of news on stocks with different cross-sectional characteristics, such as small and large, value and growth, and low- and high-leverage stocks.
dc.description.confidentialfalse
dc.format.pagination1-15
dc.identifier.citationMa R, Marshall BR, Nguyen NH, Visaltanachoti N. (2026). The Relative Impact of Different News on Stock Returns: Evidence From New Zealand. Accounting and Finance. Early View. (pp. 1-15).
dc.identifier.doi10.1111/acfi.70174
dc.identifier.eissn1467-629X
dc.identifier.elements-typejournal-article
dc.identifier.issn0810-5391
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/74166
dc.languageEnglish
dc.publisherJohn Wiley and Sons Australia, Ltd on behalf of Accounting and Finance Association of Australia and New Zealand
dc.publisher.urihttps://onlinelibrary.wiley.com/doi/10.1111/acfi.70174
dc.relation.isPartOfAccounting and Finance
dc.rights(c) The author/sen
dc.rights.licenseCC BY-NC-ND 4.0en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectearnings
dc.subjecteconomic policy uncertainty
dc.subjectinternational news
dc.subjectlocal news
dc.subjectmacroeconomic announcements
dc.subjectstock returns
dc.subjecttechnical factors
dc.titleThe Relative Impact of Different News on Stock Returns: Evidence From New Zealand
dc.typeJournal article
pubs.elements-id609397
pubs.organisational-groupOther

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