Capital management in mutual financial institutions

Journal of Banking and Finance

Volumn 33, Issue 3, 2009, Pages 443-455

  Brown, Christine ^a   Davis, Kevin ^a  

^a UNIVERSITY OF MELBOURNE   (Australia)

Author keywords

Capital management; Capital requirements; Credit unions

Indexed keywords

EID: 58149174093     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2008.08.016     Document Type: Article

References (32)

1. Aggarwal R., and Jacques K.T. The impact of FDICIA and prompt corrective action on bank capital and risk: Estimates using a simultaneous equations model. Journal of Banking and Finance 25 (2001) 1139-1160
2. Arellano M., and Bond S. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies 58 (1991) 277-297
3. Ayuso J., Perez D., and Saurina J. Are capital buffers pro-cyclical? Evidence from Spanish panel data. Journal of Financial Intermediation 13 (1994) 249-264
4. Baranoff E.G., and Sager T.W. The relations among asset risk, product risk, and capital in the life insurance industry. Journal of Banking and Finance 26 (2002) 1181-1198
5. Bauer K. Detecting abnormal credit union performance. Journal of Banking and Finance 32 (2008) 573-586
6. Beatty A.L., and Gron A. Capital, portfolio, and growth: Bank behaviour under risk-based capital guidelines. Journal of Financial Services Research 20 (2001) 5-31
7. Berger A.N. The relationship between capital and earnings in banking. Journal of Money, Credit, and Banking 27 (1995) 432-456
8. Clarkson D., Fan Y., and Joe H. A remark on algorithm 643: FEXACT: An algorithm for performing Fisher's exact test in r × c contingency tables. ACM Transactions on Mathematical Software 19 (1993) 484-488
9. Cummins J.D., and Sommer D.W. Capital and risk in property-liability insurance markets. Journal of Banking and Finance 20 (1996) 1069-1092
10. Davis K.T. Prudential regulation and Australian credit unions. Australian Journal of Management 19 (1994) 31-46
11. Davis K.T. Credit union governance and survival of the cooperative form. Journal of Financial Services Research 19 (2001) 197-210
12. Davis K.T. Australian credit unions and the demutualization agenda. Annals of Public and Cooperative Economics 2 (2007) 277-300
13. Deshmukh S.D., Greenbaum S.I., and Thakor A.V. Capital accumulation and deposit pricing in mutual financial institutions. Journal of Financial and Quantitative Analysis 17 (1982) 705-725
14. Furfine C. Bank portfolio allocation: The impact of capital requirements, regulatory monitoring, and economic conditions. Journal of Financial Services Research 20 (2001) 33-56
15. Gambacorta L., and Mistrulli P.E. Does bank capital affect lending behaviour?. Journal of Financial Intermediation 13 (2004) 436-457
16. Goddard J., McKillop D., and Wilson J.O.S. The diversification and financial performance of US credit unions. Journal of Banking and Finance 32 (2008) 1836-1849
17. Greinke A. Imposing capital controls on credit unions: An analysis of regulatory intervention in Australia. Annals of Public and Cooperative Economics 76 (2005) 437-460
18. Harrington S.E., and Niehaus G. Capital structure decisions in the insurance industry: Stocks versus mutuals. Journal of Financial Services Research 21 (2002) 145-163
19. Hillier, D., Hodgson, A., Stevenson-Clarke, P., 2002. Re-regulation and accounting manipulations: The case of Australian credit unions. Department of Accounting and Finance, Strathclyde University.
20. Jacques K., and Nigro P. Risk-based capital, portfolio risk, and bank capital: A simultaneous equations approach. Journal of Economics and Business 49 (1997) 533-547
21. Jefferson C.W., and Spencer J.E. A note on credit union reserve ratios and asset growth. Applied Financial Economics 8 (1988) 455-458
22. Jokipii T., and Milne A. The cyclical behaviour of European bank capital buffers. Journal of Banking and Finance 32 (2008) 1440-1451
23. Mehta C.R., and Patel N.R. A network algorithm for performing Fisher's exact test in r × c contingency tables. Journal of the American Statistical Association 78 382 (1983) 427-434
24. Rasmusen E. Mutual banks and stock banks. Journal of Law and Economics XXXI (1988) 395-421
25. Ratti R., Lee S., and Seol Y. Bank concentration and financial constraints on firm-level investment in Europe. Journal of Banking and Finance (2008) 10.1016/j.jbankfin.2008.07.001
26. Rime B. Capital requirements and bank behavior: Empirical evidence for Switzerland. Journal of Banking and Finance 25 (2001) 789-805
27. Shrieves R.E., and Dahl D. The relationship between risk and capital in commercial banks. Journal of Banking and Finance 16 (1992) 439-457
28. Smith D.J. Credit union rate and earnings retention decisions under uncertainty and taxation. Journal of Money, Credit, and Banking 20 (1988) 119-131
29. Spencer J.E. An extension to Taylor's model of credit unions. Review of Social Economy 54 (1996) 89-98
30. Stolz, S., Heid, F., Porath, D., 2003. Does capital regulation matter for bank behaviour? Evidence for German savings banks. Kiel Institute for World Economics.
31. Taylor R.A. The credit union as a cooperative institution. The Review of Social Economy 29 (1971) 207-217
32. Van Roy, P., 2005. The impact of the 1988 Basel accord on banks' capital ratios and credit risk-taking: An international study. EFMA 2004 Basel Meetings available at SSRN: .