Finance - Research Publications
Permanent URI for this collection
Search Results
1 - 10 of 40
-
ItemDo option markets undo restrictions on short sales? Evidence from the 2008 short-sale ban(ELSEVIER SCIENCE SA, 2012-11-01)
-
ItemInformed trader usage of stock vs. option markets: Evidence from hedge fund investment advisors(SSRN Electronic Paper Collection, 2008)
-
ItemTwo Paths to Financial Distress(European Financial Management Association, 2008)
-
ItemAnalysts’ recommendation changes or disagreements with market consensus: from which signal does the market take its lead?(European Financial Management Association, 2007)
-
ItemManagerial perspectives on corporate finance decisions(Accounting and Finance Association of Australia and New Zealand, 2008)
-
ItemTime varying short-horizon return predictability(SSRN Electronic Paper Collection, 2008)
-
ItemAnalysts' recommendations: from which signal does the market take its lead?(SPRINGER, 2009-08-01)
-
Item
-
ItemCredit Unions and Demutualisation(EMERALD GROUP PUBLISHING LTD, 2005-01-01)This paper reviews experience with credit union demutualisation to date in the light of increasing discussion about whether demutualisation is a likely (or inevitable) future stage in the evolutionary process. It is argued that the credit union industry faces an inherent demutualisation bias which emerges as the sector develops maturity. Contributing factors include the emergence of professional management pursuing personal objectives, together with the economic realities of technological change, financial liberalisation, increased competition, and prudential regulation based on minimum capital requirements. Demutualisation incentives may partially reflect the unsuitability of the mutual form of governance in larger, more sophisticated financial institutions, but there is also a significant risk of demutualisation based on wealth expropriation motives. Alternative policies and strategies which might avoid this demutualisation bias are examined.
-
ItemNo Preview Available