Privatization and performance : the case of four Australian financial institutions

McKenzie, Margaret and Keneley, Monica 2011, Privatization and performance : the case of four Australian financial institutions, Annals of public and cooperative economics, vol. 82, no. 3, pp. 313-334.

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Title Privatization and performance : the case of four Australian financial institutions
Author(s) McKenzie, Margaret
Keneley, MonicaORCID iD for Keneley, Monica
Journal name Annals of public and cooperative economics
Volume number 82
Issue number 3
Start page 313
End page 334
Total pages 22
Publisher Wiley - Blackwell
Place of publication Oxford, England
Publication date 2011-09
ISSN 0770-8548
Summary This paper investigates the performance after privatization of institutions in Australian banking and insurance. Privatization was anticipated to improve firm performance in Australia and elsewhere, yet findings are mixed. A comparative institutional approach is taken to analyzing firm performance in the longer term which allows for further structural change. A CAMEL analysis of performance before and after privatization events is undertaken for four privatized institutions, two each from banking and insurance sectors. These are matched with private peer institutions. Privatized institutions are found to perform quite similarly to private peer institutions both before and after privatization.
Language eng
Field of Research 140209 Industry Economics and Industrial Organisation
150202 Financial Econometrics
Socio Economic Objective 910203 Industrial Organisations
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2011, CIRIEC
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Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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