Does organizational structure matter? The behaviour of Australian Building Societies pre-and post-demutualization


Autoria(s): Thomson, Di
Contribuinte(s)

Carnegie, Garry

Data(s)

01/01/2003

Resumo

Financial performance measures, provided by accounting-based financial ratios, of the major mutual building societies in Australia are used to explore their behaviour pre-and post-demutualization in the 1980s and 1990s. The theoretical and empirical literature has suggested that mutual deposit-taking institutions would have lower profitability and higher operating expenses than their publicly listed counterparts. Common accounting ratios are observed over time to investigate if ownership change in a mutual deposit-taking organization accounted for any discernable differences in profitability and cost efficiency of the firms after conversion.

Identificador

http://hdl.handle.net/10536/DRO/DU:30006216

Idioma(s)

eng

Publicador

Deakin University

Relação

http://dro.deakin.edu.au/eserv/DU:30006216/thomson-doesorganizational-2003.pdf

Palavras-Chave #building societies #demutualization #performance
Tipo

Conference Paper