Airport ownership and financial performance: Evidence from Italy

Vincenzo Fasone, Pasquale Maggiore and Raffaele Scuderi

Journal of Air Transport Management, 2014, vol. 40, issue C, 163-168

Abstract: In the past few decades many countries have increased the presence of various forms of private sector involvement in airport ownership and management. This paper focuses on the financial performance of Italian airport companies. We present empirical evidence separately for two groups where public or private management majority prevails. The main findings indicate that companies with a private majority outperform the others in terms of financial indicators that are related to operating income.

Keywords: Privatization; Financial performance; Italy; Airports; Ownership type (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:40:y:2014:i:c:p:163-168

DOI: 10.1016/j.jairtraman.2014.07.004

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