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Privatization and performance : the case of four Australian financial institutions
journal contribution
posted on 2011-09-01, 00:00 authored by Margaret McKenzie, Monica KeneleyMonica KeneleyThis 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.
History
Journal
Annals of public and cooperative economicsVolume
82Issue
3Pagination
313 - 334Publisher
Wiley - BlackwellLocation
Oxford, EnglandISSN
0770-8548eISSN
1467-8292Language
engPublication classification
C1 Refereed article in a scholarly journalCopyright notice
2011, CIRIECUsage metrics
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