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The privatisation experience in the Australian banking and insurance sectors: an explanation of the change in ownership structures
journal contribution
posted on 2008-11-01, 00:00 authored by Monica KeneleyMonica Keneley, Margaret McKenzieDeregulation has been a feature of the evolution of financial markets in the past two decades. Extending this trend has been the move to privatise government-owned financial institutions. In the 1990s, Australian governments progressively sold publicly owned banks and insurance institutions. One outcome has been that few of these privatised financial firms exist today, having been absorbed in mergers and acquisitions within the financial services sector. This paper uses an information cost framework to explain the experience of privatised banks and insurers. Our approach points to a dynamic process of organisational change that has influenced the outcomes of privatisation in the financial services sector.
History
Journal
Accounting, business and financial history : an international and comparative reviewVolume
18Issue
3Pagination
303 - 321Publisher
RoutledgeLocation
London, EnglandPublisher DOI
ISSN
0958-5206eISSN
1466-4275Language
engPublication classification
C1 Refereed article in a scholarly journalCopyright notice
2008, Taylor & FrancisUsage metrics
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