Changing governance mechanisms and its impact on Australian Building Societies' performance

Thomson, Dianne 2005, Changing governance mechanisms and its impact on Australian Building Societies' performance, in First International Conference on Business, Management & Economics E-Conference Proceedings, Yasar University, Izmir, Turkey, pp. 1-24.

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Title Changing governance mechanisms and its impact on Australian Building Societies' performance
Author(s) Thomson, Dianne
Conference name International Conference on Business, Management and Economics in a Changing World (1st: 2005: Izmir, Turkey)
Conference location Izmir, Turkey
Conference dates 16-19 June 2005
Title of proceedings First International Conference on Business, Management & Economics E-Conference Proceedings
Editor(s) Aktan, Can
Publication date 2005
Conference series International Conference on Business, Management and Economics
Start page 1
End page 24
Publisher Yasar University
Place of publication Izmir, Turkey
Summary This paper examines the relation between the governance mechanism (ownership structure) and performance of Australian building societies. Financial performance measures, provided by financial ratios of the major mutual building societies in Australia are used to explore their behaviour under different governance structures in the 1980s and 1990s. The theoretical and empirical literature has suggested that mutual deposit-taking institutions should have lower profitability and higher operating expenses than their publicly listed counterparts. Accounting ratios are observed over time to investigate if governance change in mutual deposit-taking organizations accounted for any discernable differences in profitability and cost efficiency pre- and postdemutualisation.
ISBN 9756339020
9789756339022
Language eng
Field of Research 150203 Financial Institutions (incl Banking)
HERDC Research category E1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30005639

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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