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dc.contributor.authorLiu, B
dc.contributor.authorHuang, A
dc.contributor.authorFreudenberg, B
dc.date.accessioned2017-05-03T15:12:10Z
dc.date.available2017-05-03T15:12:10Z
dc.date.issued2014
dc.identifier.issn1030-9616
dc.identifier.doi10.1108/ARJ-08-2013-0059
dc.identifier.urihttp://hdl.handle.net/10072/63873
dc.description.abstractPurpose - The purpose of this paper is to investigate the impact of the Goods and Services Tax (GST) on mortgage pricing and to measure the GST shifting ratio of Australian credit unions. Design/methodology/approach - Using the proprietary data from 79 credit unions in Australia, we perform multivariate regression analysis on the effect of the GST on mortgage effective yield spreads and interest margins, respectively. We also introduce a model that is used to measure the GST shifting ratio. Findings - We document that the introduction of the GST in July 2000 led to the substantial rise in mortgage costs charged by credit unions in the post-GST periods. Overall, the GST alone contributed to the increase of effective yield spreads and interest margin by 65.3 and 70.1 basis points, respectively. As measured by the GST-shifting ratio, credit unions passed more than twice of the GST rate. This suggests GST over-shifting, and it is generally consistent with tax over-shifting literature. Originality/value - This is the first time the GST shifting ratio has been robustly measured with the use of multivariate models on mortgage costs.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent179733 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherEmerald Group
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom37
dc.relation.ispartofpageto51
dc.relation.ispartofissue1
dc.relation.ispartofjournalAccounting Research Journal
dc.relation.ispartofvolume27
dc.rights.retentionY
dc.subject.fieldofresearchAccounting, auditing and accountability
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchFinancial institutions (incl. banking)
dc.subject.fieldofresearchcode3501
dc.subject.fieldofresearchcode3502
dc.subject.fieldofresearchcode350204
dc.titleThe impact of the GST on mortgage pricing of Australian credit unions: An empirical analysis
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2014 Emerald. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.date.issued2015-02-16T01:33:46Z
gro.hasfulltextFull Text
gro.griffith.authorFreudenberg, Brett D.
gro.griffith.authorHuang, Allen R.
gro.griffith.authorLiu, Benjamin


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