Technical Efficiency and Corporate Structure of Italian Private Hospitals: Evidence from One-step Stochastic Frontier Analysis

Marco Alberto De Benedetto and Antonio Fabio Forgione
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Marco Alberto De Benedetto: University of Messina
Antonio Fabio Forgione: University of Messina

No 1904, Birkbeck Working Papers in Economics and Finance from Birkbeck, Department of Economics, Mathematics & Statistics

Abstract: This paper aims to identify the relationship between the output-oriented technical efficiency of Italian private hospitals and their ownership structure. Using the one-step Stochastic Frontier Analysis technique, we explain technical efficiency throughout a set of variables capturing the firm’s shareholder activity, ownership concentration, and managerial ownership. Results suggest that (1) technical efficiency is positively affected by managerial ownership, and (2) private hospitals are more efficient when ownership concentration is low.

Keywords: Technical Efficiency; Private Health System; Ownership; Stochastic Frontier (search for similar items in EconPapers)
JEL-codes: D24 I10 L25 (search for similar items in EconPapers)
Date: 2019-05
New Economics Papers: this item is included in nep-eff, nep-eur, nep-hea and nep-ore
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https://eprints.bbk.ac.uk/id/eprint/28378 First version, 2019

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