{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/87443"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/87443","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"The Impact of Rediscount, Official Cash Rate Target and Prime Rate Changes on Selected Treasury, Equity and Futures Securities in Australia for the Period 1986 to 1995","abstract":"Prime rate increases generated a negative equity reaction for national operating banks but a positive impact for regional banks. This was consistent with the Stackelberg model developed in the study. Further, it was found that Australia and New Zealand Banking Corporation (ANZ) initiated decreases and Westpac Banking Corporation (WBC) initiated increases generated a positive share reaction for their stock. In contrast, National Australia Bank (NAB) shares elicited an insignificant reaction for their prime rate initiation increases and decreases. Selected profitability, efficiency and credit quality ratios for the respective banks were examined to explain the observed equity response.","abstract_html":"Prime rate increases generated a negative equity reaction for national operating banks but a positive impact for regional banks. This was consistent with the Stackelberg model developed in the study. Further, it was found that Australia and New Zealand Banking Corporation (ANZ) initiated decreases and Westpac Banking Corporation (WBC) initiated increases generated a positive share reaction for their stock. In contrast, National Australia Bank (NAB) shares elicited an insignificant reaction for their prime rate initiation increases and decreases. Selected profitability, efficiency and credit quality ratios for the respective banks were examined to explain the observed equity response.","abstract_has_math":false,"creators":["Gasbarro, Domenico"],"institution":"University of Illinois at Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Finance","degree_department":null,"school":null,"contributors":["Pennacchi, George G."],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2015,"date_issued":"2015-09-28T16:03:16Z","date_published":"2015-09-28T16:03:16Z","updated_at":"2026-07-22T22:26:30Z","subjects":["Economics, Finance"],"languages":["eng"],"rights":[],"rights_urls":[],"identifier_entries":[{"key":"dc:identifier","label":"Identifier","values":["(MiAaPQ)AAI9737111"],"render_values":[{"text":"(MiAaPQ)AAI9737111","href":null,"code":true}]}]},"links":{"outbound_url":"http://hdl.handle.net/2142/87443","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Pennacchi, George G."]},{"key":"dc:creator","label":"Author","values":["Gasbarro, Domenico"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2015-09-28T16:03:16Z","10000-01-01","1997"]},{"key":"dc:type","label":"Dc Type","values":["text"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Finance"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Economics, Finance"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["eng"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["http://hdl.handle.net/2142/87443","(MiAaPQ)AAI9737111"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Prime rate increases generated a negative equity reaction for national operating banks but a positive impact for regional banks. 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This was consistent with the Stackelberg model developed in the study. Further, it was found that Australia and New Zealand Banking Corporation (ANZ) initiated decreases and Westpac Banking Corporation (WBC) initiated increases generated a positive share reaction for their stock. In contrast, National Australia Bank (NAB) shares elicited an insignificant reaction for their prime rate initiation increases and decreases. Selected profitability, efficiency and credit quality ratios for the respective banks were examined to explain the observed equity response.","Made available in DSpace on 2015-09-28T16:03:16Z (GMT). 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