메뉴 건너뛰기




Volumn 27, Issue 5, 2003, Pages 949-975

Intra-industry effects of bank privatization: A clinical analysis of the privatization of the Commonwealth Bank of Australia

Author keywords

Bank; CAMEL; Operating performance; Privatization; Rivals' reaction

Indexed keywords


EID: 0037404226     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0378-4266(02)00242-X     Document Type: Article
Times cited : (49)

References (31)
  • 1
    • 0000235950 scopus 로고
    • The wealth effects of deregulation of Canadian financial institutions
    • Amoako-Adu B. Smith B. The wealth effects of deregulation of Canadian financial institutions Journal of Banking and Finance 19 1995 1211-1236
    • (1995) Journal of Banking and Finance , vol.19 , pp. 1211-1236
    • Amoako-Adu, B.1    Smith, B.2
  • 2
    • 0031097135 scopus 로고    scopus 로고
    • Detecting long run abnormal stock returns. The empirical power and specification of test statistics
    • Barber B.M. Lyon J.D. Detecting long run abnormal stock returns. The empirical power and specification of test statistics Journal of Financial Economics 43 1997 341-372
    • (1997) Journal of Financial Economics , vol.43 , pp. 341-372
    • Barber, B.M.1    Lyon, J.D.2
  • 3
    • 0013095645 scopus 로고
    • Partial privatization of the Commonwealth Bank
    • Kevin, Davis, Ian, Harper (Eds.), Allen and Unwin Publishers, London
    • Balfour J. Partial privatization of the Commonwealth Bank Kevin Davis Ian Harper Privatization: The Financial Implications 1993 Allen and Unwin Publishers London
    • (1993) Privatization: The Financial Implications
    • Balfour, J.1
  • 4
    • 84935958484 scopus 로고
    • Ownership and performance in competitive environments: A comparison of the performance of private, mixed and state-owned enterprises
    • Boardman A. Vining A.R. Ownership and performance in competitive environments: A comparison of the performance of private, mixed and state-owned enterprises Journal of Law and Economics 32 1989 1-33
    • (1989) Journal of Law and Economics , vol.32 , pp. 1-33
    • Boardman, A.1    Vining, A.R.2
  • 5
    • 0004442622 scopus 로고    scopus 로고
    • The financial and operating performance of newly privatized firms: Evidence from developing countries
    • Boubakri N. Cosset J. The financial and operating performance of newly privatized firms: Evidence from developing countries Journal of Finance 53 1998 1081-1110
    • (1998) Journal of Finance , vol.53 , pp. 1081-1110
    • Boubakri, N.1    Cosset, J.2
  • 7
    • 0038957303 scopus 로고    scopus 로고
    • Inference in long-horizon event studies: A parametric bootstrap approach with application to IPOs
    • Brav A. Inference in long-horizon event studies: A parametric bootstrap approach with application to IPOs Journal of Finance 55 2000 1979-2016
    • (2000) Journal of Finance , vol.55 , pp. 1979-2016
    • Brav, A.1
  • 8
    • 0013142540 scopus 로고
    • CBA prospectus, Commonwealth Bank of Australia 1991 Prospectus
    • CBA prospectus, 1991. Commonwealth Bank of Australia 1991 prospectus
    • (1991)
  • 9
    • 84977736064 scopus 로고
    • An examination of the impact of the Garn-St Germain Depository Institutions Act of 1982 on commercial banks and savings and loans
    • Cornett M.M Tehranian H. An examination of the impact of the Garn-St Germain Depository Institutions Act of 1982 on commercial banks and savings and loans Journal of Finance 45 1990 95-111
    • (1990) Journal of Finance , vol.45 , pp. 95-111
    • Cornett, M.M.1    Tehranian, H.2
  • 10
    • 0013050732 scopus 로고
    • The Commonwealth Banking Corporation: A case for privatization
    • Peter Abelson (Ed.)
    • Coughlin P. The Commonwealth Banking Corporation: A case for privatization Peter Abelson Privatization: An Australian Perspective 1987
    • (1987) Privatization: An Australian Perspective
    • Coughlin, P.1
  • 11
    • 0000713946 scopus 로고
    • Property rights and economic behavior in private and government enterprises: The case of Australian Banking
    • Davies D.G. Property rights and economic behavior in private and government enterprises: The case of Australian Banking Research in Law and Economics 3 1981 111-142
    • (1981) Research in Law and Economics , vol.3 , pp. 111-142
    • Davies, D.G.1
  • 12
    • 0031066331 scopus 로고    scopus 로고
    • Privatization and efficiency: Industry effects of the sale of British Airways
    • Eckel C. Eckel D. Singal V. Privatization and efficiency: Industry effects of the sale of British Airways Journal of Financial Economics 43 1997 275-298
    • (1997) Journal of Financial Economics , vol.43 , pp. 275-298
    • Eckel, C.1    Eckel, D.2    Singal, V.3
  • 13
    • 0346207692 scopus 로고    scopus 로고
    • Market efficiency, long term returns and behavioral finance
    • Fama E.F. Market efficiency, long term returns and behavioral finance Journal of Financial Economics 49 1998 283-306
    • (1998) Journal of Financial Economics , vol.49 , pp. 283-306
    • Fama, E.F.1
  • 14
    • 85041146409 scopus 로고
    • Welfare consequences of selling public enterprises
    • The World Bank, Washington, DC
    • Galal A. Jones L. Tandon P. Vogelsang I. Welfare consequences of selling public enterprises 1994 The World Bank Washington, DC
    • (1994)
    • Galal, A.1    Jones, L.2    Tandon, P.3    Vogelsang, I.4
  • 15
    • 0013104850 scopus 로고    scopus 로고
    • Financial statement and reality: Do troubles banks tell all?
    • Federal Reserve Bank of Dallas Draft Paper
    • Gunther J.W. Moore R.R. Financial statement and reality: Do troubles banks tell all? Financial Industry Studies, Federal Reserve Bank of Dallas Draft Paper Q3 2000 30-35
    • (2000) Financial Industry Studies , vol.3 Q , pp. 30-35
    • Gunther, J.W.1    Moore, R.R.2
  • 16
    • 0002111898 scopus 로고
    • The long-run performance of initial public offerings: The UK experience 1980-1988
    • Levis M. The long-run performance of initial public offerings: The UK experience 1980-1988 Financial Management 22 1993 28-41
    • (1993) Financial Management , vol.22 , pp. 28-41
    • Levis, M.1
  • 18
    • 84993888589 scopus 로고
    • The financial and operating performance of newly privatized firms: An international empirical analysis
    • Megginson W.L. Nash R.C. van Randenborgh M. The financial and operating performance of newly privatized firms: An international empirical analysis Journal of Finance 49 1994 403-452
    • (1994) Journal of Finance , vol.49 , pp. 403-452
    • Megginson, W.L.1    Nash, R.C.2    van Randenborgh, M.3
  • 19
    • 0001759920 scopus 로고    scopus 로고
    • From state to market: A survey of empirical studies on privatization
    • Megginson W.L. Netter J.M. From state to market: A survey of empirical studies on privatization Journal of Economic Literature 39 1998 321-389
    • (1998) Journal of Economic Literature , vol.39 , pp. 321-389
    • Megginson, W.L.1    Netter, J.M.2
  • 20
    • 0003278956 scopus 로고    scopus 로고
    • Share issue privatization: The UK experience
    • Mario, Levis (Ed.), Elsevier Science, Amsterdam
    • Menyah K. Paudyal K. Share issue privatization: The UK experience Mario Levis (Ed.), Empirical Issues in Raising Equity Capital 1996 Elsevier Science Amsterdam
    • (1996) Empirical Issues in Raising Equity Capital
    • Menyah, K.1    Paudyal, K.2
  • 21
    • 0039372633 scopus 로고    scopus 로고
    • Managerial decisions and long-term stock price performance
    • Mitchel M.L. Stafford E. Managerial decisions and long-term stock price performance Journal of Business 73 2000 287-329
    • (2000) Journal of Business , vol.73 , pp. 287-329
    • Mitchel, M.L.1    Stafford, E.2
  • 22
    • 0013143126 scopus 로고    scopus 로고
    • Using financial information to differentiate failed vs. surviving finance companies in Thailand: An application for emerging economies
    • Persons O.S. Using financial information to differentiate failed vs. surviving finance companies in Thailand: An application for emerging economies Multinational Finance Journal 3 1999 127-145
    • (1999) Multinational Finance Journal , vol.3 , pp. 127-145
    • Persons, O.S.1
  • 23
    • 0013049773 scopus 로고    scopus 로고
    • Reserve Bank of Australia, Reserve Bank of Australia Bulletin, 1997
    • Reserve Bank of Australia, 1997. Reserve Bank of Australia Bulletin, 1997
    • (1997)
  • 24
    • 0013049774 scopus 로고    scopus 로고
    • The efficiency effects of bank mergers: An overview of case studies in nine mergers
    • Rhoades S. The efficiency effects of bank mergers: An overview of case studies in nine mergers Journal of Banking and Finance 49 1998 403-452
    • (1998) Journal of Banking and Finance , vol.49 , pp. 403-452
    • Rhoades, S.1
  • 25
    • 84977717063 scopus 로고
    • The long run performance of initial public offerings
    • Ritter J.R. The long run performance of initial public offerings Journal of Finance 46 1991 3-27
    • (1991) Journal of Finance , vol.46 , pp. 3-27
    • Ritter, J.R.1
  • 26
    • 0001061213 scopus 로고
    • Intra- and interindustry effects of security market activities: The case of discount brokerage
    • Saunders A. Smirlock M. Intra- and interindustry effects of security market activities: The case of discount brokerage Journal of Financial and Quantitative Analysis 22 1987 467-482
    • (1987) Journal of Financial and Quantitative Analysis , vol.22 , pp. 467-482
    • Saunders, A.1    Smirlock, M.2
  • 27
    • 0040531555 scopus 로고    scopus 로고
    • The going-public decision and the development of financial markets
    • Subrahmanyam A. Titman S. The going-public decision and the development of financial markets Journal of Finance 54 1999 1045-1082
    • (1999) Journal of Finance , vol.54 , pp. 1045-1082
    • Subrahmanyam, A.1    Titman, S.2
  • 28
    • 0002968332 scopus 로고
    • Predicting bank failure in the 1980s
    • Economic Review--Federal Reserve Bank of Cleveland (1st Quarter)
    • Thomson J.B. Predicting bank failure in the 1980s Economic Review-Federal Reserve Bank of Cleveland (1st Quarter) 1991 9-20
    • (1991) , pp. 9-20
    • Thomson, J.B.1
  • 29
    • 0013142444 scopus 로고    scopus 로고
    • The financial performance of privatized banks: An empirical analysis
    • Working paper. University of Georgia
    • Verbrugge J.A. Megginson W.L. Lee W. The financial performance of privatized banks: An empirical analysis, Working paper 1999 University of Georgia
    • (1999)
    • Verbrugge, J.A.1    Megginson, W.L.2    Lee, W.3
  • 30
    • 38249017741 scopus 로고
    • Interest rate risk and the pricing of depository financial intermediaries common stock: Empirical evidence
    • Yourougou P. Interest rate risk and the pricing of depository financial intermediaries' common stock: Empirical evidence Journal of Banking and Finance 14 1990 803-820
    • (1990) Journal of Banking and Finance , vol.14 , pp. 803-820
    • Yourougou, P.1
  • 31
    • 84946357749 scopus 로고
    • An efficient method of estimating seemingly unrelated regressions and test for aggregate bias
    • Zellner A. An efficient method of estimating seemingly unrelated regressions and test for aggregate bias Journal of American Statistical Association 57 1962 348-368
    • (1962) Journal of American Statistical Association , vol.57 , pp. 348-368
    • Zellner, A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.