Local stock market delivers cheaper capital to wider economy's benefit: NZIER report

Sun, 11 Feb 2018

By Paul McBeth Feb. 12 (BusinessDesk) - NZX's role in keeping the cost of capital relatively low gives a $2.4 billion kicker to the broader economy, the New Zealand Institute of Economic Research says. In research commissioned by the stock market operator, NZIER found NZX makes it easier for firms, particularly small and medium-sized companies, to raise cheap capital, and estimates if it wasn't there, SMEs would have to pay 300 basis points more for their cost of capital, while the big end of town would face a 25 basis point increase. Th...

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