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RETURNS TO SCALE IN THE BUILDING SOCIETY INDUSTRY
Author(s) -
Elstone R. G.
Publication year - 1980
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/j.1467-629x.1980.tb00212.x
Subject(s) - scope (computer science) , intermediary , scale (ratio) , economies of scale , perspective (graphical) , prime (order theory) , business , financial intermediary , industrial organization , building industry , finance , economics , marketing , engineering , computer science , geography , architectural engineering , cartography , mathematics , combinatorics , artificial intelligence , programming language
This paper seeks to establish a perspective on the cost structure of the range of financial intermediaries which comprise the permanent building society industry in Australia. Its prime objective is to examine the inter‐relationship between operating expenses and size (measured by total assets) and the scope that may potentially exist for significant scale economies.