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Evolución de la Eficiencia Productiva de una empresa privatizada: El Caso del Grupo Telefónica de España
[Productive Efficiency in Telefonica]

  • Massón-Guerra, José Luis

Este trabajo trata de comprobar si la eficiencia productiva del Grupo Telefónica S.A. de España ha mejorado luego de ser privatizada. Se ha utilizado este caso por ser una empresa representativa en la industria de las telecomunicaciones globales. La evidencia empírica indica que las empresas de este sector y que fueron públicas, suelen presentar índices de productividad más altos cuando pasan a ser privadas, en un contexto de competencia y liberalización. Esta investigación busca demostrar si esta afirmación se cumple en este caso. Para este fin, se hace un análisis que cubre dos décadas, utilizando la técnica de evaluación y comparación de períodos previos y posteriores a la privatización. Se utilizan los indicadores de Productividad Global (IPG), Productividad Parcial del Trabajo (IPAT) y del Capital (IPAC), además de los indicadores financieros ROA, ROE, ROI y margen de explotación. Los resultados sugieren que el Grupo Telefónica, luego de su privatización, ha seguido un patrón similar al de sus pares de otros países, al mostrar aumentos en sus índices de productividad y en algunos de los índi-ces financieros. Este documento describe además, las principales aportaciones teóricas y empíricas de la eficiencia productiva de empresas de telecomunicaciones privatizadas en todo el mundo.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 13463.

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Date of creation: 02 Mar 2007
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Handle: RePEc:pra:mprapa:13463
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  1. Lam, Pun-Lee & Lam, Teresa, 2005. "Total factor productivity measures for Hong Kong telephone," Telecommunications Policy, Elsevier, vol. 29(1), pages 53-68, February.
  2. Madden, Gary G & Savage, Scott J & Ng, Jason, 2003. "Asia-Pacific telecommunications liberalisation and productivity performance," MPRA Paper 10884, University Library of Munich, Germany.
  3. Solow, Robert M., 1999. "Neoclassical growth theory," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 9, pages 637-667 Elsevier.
  4. Keith Hartley & David Parker & Stephen Martin, 1991. "Organisational Status, Ownership and Productivity," Fiscal Studies, Institute for Fiscal Studies, vol. 12(2), pages 46-60, May.
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  7. Facanha, Luis Otavio & Resende, Marcelo, 2004. "Price cap regulation, incentives and quality:: The case of Brazilian telecommunications," International Journal of Production Economics, Elsevier, vol. 92(2), pages 133-144, November.
  8. Tölösi, Péter & Lajtha, György, 2000. "Toward improved benchmarking indicators," Telecommunications Policy, Elsevier, vol. 24(4), pages 347-357, May.
  9. Bel, Germà & Trillas, Francesc, 2005. "Privatization, corporate control and regulatory reform: the case of Telefonica," Telecommunications Policy, Elsevier, vol. 29(1), pages 25-51, February.
  10. Madden, Gary & Savage, Scott J., 1999. "Telecommunications productivity, catch-up and innovation," Telecommunications Policy, Elsevier, vol. 23(1), pages 65-81, February.
  11. Harry Kitchen, 1992. "Urban Transit Provision in Ontario: a Public/Private Sector Cost Comparison," Public Finance Review, , vol. 20(1), pages 114-128, January.
  12. 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.
  13. 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.
  14. Rushdi, Ali Ahmed, 2000. "Total factor productivity measures for Telstra," Telecommunications Policy, Elsevier, vol. 24(2), pages 143-154, March.
  15. Roycroft, Trevor R., 1999. "Alternative regulation and the efficiency of local exchange carriers: evidence from the Ameritech states," Telecommunications Policy, Elsevier, vol. 23(6), pages 469-480, September.
  16. Vining, Aidan R & Boardman, Anthony E, 1992. " Ownership versus Competition: Efficiency in Public Enterprise," Public Choice, Springer, vol. 73(2), pages 205-39, March.
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