PRIVATIZATION AND PERFORMANCE: THE CASE OF FOUR AUSTRALIAN FINANCIAL INSTITUTIONS | Zendy

Mckenzie Margaret | Zendy; Keneley Monica | Zendy

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PRIVATIZATION AND PERFORMANCE: THE CASE OF FOUR AUSTRALIAN FINANCIAL INSTITUTIONS

Author(s) -

Mckenzie Margaret,

Keneley Monica

Publication year - 2011

Publication title -

annals of public and cooperative economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.526

H-Index - 37

eISSN - 1467-8292

pISSN - 1370-4788

DOI - 10.1111/j.1467-8292.2011.00441.x

Subject(s) - business , private sector , finance , financial system , accounting , economics , economic growth

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.

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