Does organizational structure matter? The behaviour of Australian Building Societies pre-and post-demutualization
conference contribution
posted on 2003-01-01, 00:00authored byDianne Thomson
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.
History
Event
Accounting History. Conference (3rd : 2003 : Siena, Italy)
Pagination
1 - 47
Publisher
Deakin University
Location
Siena, Italy
Place of publication
Geelong, Vic.
Start date
2003-09-17
End date
2003-09-19
ISSN
1032-3732
Language
eng
Publication classification
E1.1 Full written paper - refereed
Editor/Contributor(s)
G Carnegie
Title of proceedings
Proceedings of the Third Accounting History International Conference