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Does partial privatisation improve performance? Evidence from a chain of hotels in Portugal

Carla A.F. Amado, Sérgio Santos () and Jaime Serra

Journal of Business Research, 2017, vol. 73, issue C, 9-19

Abstract: This article contributes to the literature by testing six research hypotheses regarding the impact of partial privatisation on firms' performance. We measure performance using Data Envelopment Analysis (DEA), the Malmquist Index and ratios related to labour productivity, profitability and capacity utilisation. We use the Wilcoxon Signed Rank test to compare the performance after privatisation with that before privatisation. The hypotheses are tested with data from a chain of Portuguese heritage hotels, partially privatised in 2003.

Keywords: Privatisation; Performance; Efficiency; DEA; Malmquist productivity index (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:eee:jbrese:v:73:y:2017:i:c:p:9-19