McShane, R. W.; Sharpe, I. G. - In: Australian Journal of Management 12 (1987) 1, pp. 69-90
The paper tests the hedging and structure-conduct-perfor Mance (S.C.P.) models in the context of Australian finance company profit margins. Econometric results from pooled time-series/cross-section data were consistent with the S.C.P. model and inconsistent with the hedging model. Finance...