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