An Evaluation of Privatisations in Australian Banking and Insurance
In the 1990s Australian governments, both federal and state, committed themselves to a policy of microeconomic reform of which privatisation of key government assets was a major component. Government owned banks and insurance offices were amongst the first institutions to be sold off. The results of this policy have been both complex and in cases unforeseen. Few of these privatised financial firms are in existence today. An information cost framework is used to evaluate the experience of privatised banks and insurers. This approach points to a dynamic process of organisational change within the financial sector that has influenced the outcome of the privatisation process in the financial sector.
|Date of creation:||23 Oct 2006|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 61 3 9244 3815
Web page: http://www.deakin.edu.au/buslaw/aef/index.php
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mark Casson, 1997. "Institutional Economics and Business History: A Way Forward?," Business History, Taylor & Francis Journals, vol. 39(4), pages 151-171.
- Ian R. Harper, 2000. "Mergers in Financial Services: Why the Rush?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 33(1), pages 67-72.
- Kane, Edward J, 1984.
" Technological and Regulatory Forces in the Developing Fusion of Financial-Services Competition,"
Journal of Finance,
American Finance Association, vol. 39(3), pages 759-72, July.
- Edward J. Kane, 1984. "Technological and Regulatory Forces in the Developing Fusion of Financial-Services Competition," NBER Working Papers 1320, National Bureau of Economic Research, Inc.
- Monica Keneley, 2003.
"Adaptation and Change In The Australian Life Insurance Industry: A Historical Perspective,"
2003_08, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
- Monica Keneley, 2004. "Adaptation and change in the Australian life insurance industry: an historical perspective," Accounting History Review, Taylor & Francis Journals, vol. 14(1), pages 91-109.
- Edward J. Kane, 1981.
"Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation,"
NBER Working Papers
0638, National Bureau of Economic Research, Inc.
- Kane, Edward J, 1981. "Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation," Journal of Finance, American Finance Association, vol. 36(2), pages 355-67, May.
- Domberger, Simon & Piggott, John, 1986. "Privatization Policies and Public Enterprise: A Survey," The Economic Record, The Economic Society of Australia, vol. 62(177), pages 145-62, June.
- Monica Keneley, 2002. "Demutualisation In The Life Insurance Industry: A Preliminary Assessment," Economic Papers, The Economic Society of Australia, vol. 21(1), pages 66-79, 03.
When requesting a correction, please mention this item's handle: RePEc:dkn:econwp:eco_2006_09. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr Xueli Tang)
If references are entirely missing, you can add them using this form.