IDEAS home Printed from https://ideas.repec.org/p/bde/wpaper/0019.html
   My bibliography  Save this paper

Does public ownership affect business performance? Empirical evidence with panel data from the Spanish manufacturing sector

Author

Listed:
  • Pablo Hernández de Cos

    (Banco de España)

  • Isabel Argimón

    (HM Treasury)

  • José M. González-Páramo

    (Universidad Complutense)

Abstract

This paper offers empirical evidence for the Spanish case on the hypothesis that public ownership may be a determinant of a firm's performance. Two alternative definitions of efficiency are proposed: relative productivity and profitability. The role of ownership is tested, conditioning for the degree of competition, the financial position of the firm and labour quality. The data used is a sample of Spanish manufacturing firms for the period 1983-1996. The results show that ownership is not a determinant of efficiency and that other factors, in particular, the degree of competition, seem to have a positive and significant effect on a firm's performance.

Suggested Citation

  • Pablo Hernández de Cos & Isabel Argimón & José M. González-Páramo, 2000. "Does public ownership affect business performance? Empirical evidence with panel data from the Spanish manufacturing sector," Working Papers 0019, Banco de España.
    • Handle: RePEc:bde:wpaper:0019
    as

    Download full text from publisher

    File URL: http://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosTrabajo/00/Fic/dt0019.pdf
    File Function: First version, 2000
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jorge Pinilla & Joaquim Vergés, 2007. "Efectos De La Privatización En La Eficiencia De Iberia Líneas Aéreas De España S.A," Revista Economía y Administración, Facultad de Ciencias Económicas y Administrativas, Universidad de Concepción, vol. 69, pages 7-38, December.

    More about this item

    Keywords

    competition; efficiency; productivity;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bde:wpaper:0019. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España (email available below). General contact details of provider: https://edirc.repec.org/data/bdegves.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.