Batiz-Lazo, Bernardo and Billings, Mark (2009): Comparative performance of UK mutual building societies and stock retail banks: further evidence: a comment.
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Shiwakoti et al. (2008) concluded that four of the largest UK mutual societies which converted to listed bank status in 1997 outperformed, on a variety of measures, those societies which did not convert in the four-year periods both before and after conversion. All four converting societies have since been subject to ownership change, suggesting that this out-performance failed to persist, or was perhaps illusory. We do not criticise the results obtained by the authors, but suggest that they leave unanswered important questions, such as how to measure ‘superior’ performance and the appropriate time frame over which to evaluate this.
|Item Type:||MPRA Paper|
|Original Title:||Comparative performance of UK mutual building societies and stock retail banks: further evidence: a comment|
|Keywords:||Building societies; Banks; Demutualization; Performance; UK|
|Subjects:||N - Economic History > N2 - Financial Markets and Institutions > N24 - Europe: 1913-
N - Economic History > N8 - Micro-Business History > N84 - Europe: 1913-
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
|Depositing User:||Bernardo Batiz-Lazo|
|Date Deposited:||07. Mar 2010 00:36|
|Last Modified:||15. Feb 2013 21:29|
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