Advanced Search
MyIDEAS: Login

Efectos De La Privatización En La Eficiencia De Iberia Líneas Aéreas De España S.A

Contents:

Author Info

  • Jorge Pinilla

    ()
    (Departamento de Economía de la Empresa, Universitat Autónoma de Barcelona)

  • Joaquim Vergés

    (Departamento de Economía de la Empresa, Universitat Autónoma de Barcelona)

Abstract

La privatización generalmente es motivada por los gobiernos debido al factor eficiencia. En este caso analizamos los efectos de la privatización en la eficiencia de Iberia entre 1984- 2004. Hemos realizado un análisis factorial que combina indicadores de eficiencia financiera y productiva. Los resultados muestran que no hay diferencias significativas entre medias para los períodos pre y post privatización. Al utilizar esta metodología, nuestros hallazgos muestran que la rentabilidad –por sí sola- no es un buen parámetro para medir la eficiencia de una empresa a través del tiempo en un análisis comparativo, ya que la eficiencia viene propiamente representada por la productividad (relación output/input). Los resultados sugieren que la pertenencia de una empresa a un sector desregulado y con una permanente turbulencia sectorial y de mercado influye en su eficiencia económica antes, durante y después de su privatización. El estudio no permite afirmar el supuesto básico de la Teoría de los Derechos de Propiedad: la empresa privada es más eficiente que la empresa pública..

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www2.udec.cl/~rea/REVISTA%20PDF/Rev69/art1.pdf
Download Restriction: no

Bibliographic Info

Article provided by Facultad de Ciencias Económicas y Administrativas, Universidad de Concepción in its journal Revista Economía y Administración.

Volume (Year): 69 (2007)
Issue (Month): (December)
Pages: 7-38

as in new window
Handle: RePEc:cnc:journl:v:69:y:2007:p:7-38

Contact details of provider:
Postal: Victoria 471, Conceptión
Web page: http://econudec.cl/
More information through EDIRC

Related research

Keywords: economic efficiency; financial efficiency; productive efficiency; privatization; factorial analysis;

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W, 1996. "A Theory of Privatisation," Economic Journal, Royal Economic Society, vol. 106(435), pages 309-19, March.
  2. Sun, Qian & Tong, Wilson H. S., 2003. "China share issue privatization: the extent of its success," Journal of Financial Economics, Elsevier, vol. 70(2), pages 183-222, November.
  3. Steve R. Letza & Clive Smallman & Xiuping Sun, 2004. "Reframing privatisation: Deconstructing the myth of efficiency," Policy Sciences, Springer, vol. 37(2), pages 159-183, 06.
  4. Pollitt, M.G., 1995. "Ownership and Efficiency in Nuclear Power Production," Cambridge Working Papers in Economics 9518, Faculty of Economics, University of Cambridge.
  5. Hart, Oliver & Moore, John, 1990. "Property Rights and the Nature of the Firm," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1119-58, December.
  6. Foreman-Peck, James & Waterson, Michael, 1985. "The Comparative Efficiency of Public and Private Enterprise in Britain: Electricity Generation between the World Wars," Economic Journal, Royal Economic Society, vol. 95(380a), pages 83-95, Supplemen.
  7. Alchian, Armen A. & Demsetz, Harold, 1973. "The Property Right Paradigm," The Journal of Economic History, Cambridge University Press, vol. 33(01), pages 16-27, March.
  8. Grossman, Sanford J. & Hart, Oliver D., 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Scholarly Articles 3450060, Harvard University Department of Economics.
  9. Kay, J A & Thompson, D J, 1986. "Privatisation: A Policy in Search of a Rationale," Economic Journal, Royal Economic Society, vol. 96(381), pages 18-32, March.
  10. Rossi, Martín, 2000. "Technical Change and Efficiency Measures: The Post-privatisation in the Gas Distribution Sector in Argentina," UADE Working Papers 7_2000, Instituto de Economía, Universidad Argentina de la Empresa.
  11. Saal, David S & Parker, David, 2001. "Productivity and Price Performance in the Privatized Water and Sewerage Companies of England and Wales," Journal of Regulatory Economics, Springer, vol. 20(1), pages 61-90, July.
  12. José Manuel González-Páramo & Pablo Hernández Cos, 2005. "The Impact of Public Ownership and Competition on Productivity," Kyklos, Wiley Blackwell, vol. 58(4), pages 495-517, November.
  13. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-62, December.
  14. Jeffry M. Netter & William L. Megginson, 2001. "From State to Market: A Survey of Empirical Studies on Privatization," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 321-389, June.
  15. Zuobao Wei & Oscar Varela & Juliet D'Souza & M. Kabir Hassan, 2003. "The Financial and Operating Performance of China's Newly Privatized Firms," Financial Management, Financial Management Association, vol. 32(2), Summer.
  16. Megginson, William L & Nash, Robert C & van Randenborgh, Matthias, 1994. " The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis," Journal of Finance, American Finance Association, vol. 49(2), pages 403-52, June.
  17. De Fraja, Giovanni, 1991. "Efficiency and Privatisation in Imperfectly Competitive Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 39(3), pages 311-21, March.
  18. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
  19. Parker, David & Martin, Stephen, 1995. "The Impact of UK Privatisation on Labour and Total Factor Productivity," Scottish Journal of Political Economy, Scottish Economic Society, vol. 42(2), pages 201-20, May.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cnc:journl:v:69:y:2007:p:7-38. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hugo Salgado).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.