Comparative Performance of UK Building Societies and Stock Retail Banks: Further Evidence

Shiwakoti, Radha K. and Keasey, Kevin and Hudson, Robert (2008) Comparative Performance of UK Building Societies and Stock Retail Banks: Further Evidence. Accounting and Finance, 48 (2). pp. 319-336. ISSN 0810-5391 . (The full text of this publication is not available from this repository)

The full text of this publication is not available from this repository. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1111/j.1467-629x.2007.00244.x

Abstract

The purpose of this paper is to extend the literature on the comparative performance of mutual and stock retail banks by examining a unique episode in the history of financial services; namely, when four of the largest UK building societies (accounting for approximately 60 per cent of the industry's assets) demutualized to public limited company status in 1997. The episode allows us to consider the relative performance of the same businesses under different organizational forms. The results contrast starkly with previous findings and cast doubt on the hypothesis that mutuals generally outperform stock retail banks and indeed the idea that mutuals can be regarded as a homogeneous group of institutions.

Item Type: Article
Uncontrolled keywords: building societies; banks; demutualization; performance
Subjects: H Social Sciences > HG Finance
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: Radha Shiwakoti
Date Deposited: 18 Mar 2009 17:58
Last Modified: 09 Jun 2014 08:08
Resource URI: http://kar.kent.ac.uk/id/eprint/9854 (The current URI for this page, for reference purposes)
  • Depositors only (login required):