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The privatisation experience in the Australian banking and insurance sectors: an explanation of the change in ownership structures

Keneley, Monica and McKenzie, Margaret 2008, The privatisation experience in the Australian banking and insurance sectors: an explanation of the change in ownership structures, Accounting, business and financial history : an international and comparative review, vol. 18, no. 3, pp. 303-321.

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Title The privatisation experience in the Australian banking and insurance sectors: an explanation of the change in ownership structures
Author(s) Keneley, Monica
McKenzie, Margaret
Journal name Accounting, business and financial history : an international and comparative review
Volume number 18
Issue number 3
Start page 303
End page 321
Publisher Routledge
Place of publication London, England
Publication date 2008-11
ISSN 0958-5206
1466-4275
Keyword(s) privatisation
financial markets
banking and insurance
deregulation
information costs
organisational change
Summary Deregulation has been a feature of the evolution of financial markets in the past two decades. Extending this trend has been the move to privatise government-owned financial institutions. In the 1990s, Australian governments progressively sold publicly owned banks and insurance institutions. One outcome has been that few of these privatised financial firms exist today, having been absorbed in mergers and acquisitions within the financial services sector. This paper uses an information cost framework to explain the experience of privatised banks and insurers. Our approach points to a dynamic process of organisational change that has influenced the outcomes of privatisation in the financial services sector.
Language eng
Field of Research 150204 Insurance Studies
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2008, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30017383

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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Created: Fri, 14 Aug 2009, 13:52:44 EST