Privatizing Australian Airports: Ownership, Divestment and Financial Performance
Chris Aulich () and
Mark Hughes ()
Public Organization Review, 2013, vol. 13, issue 2, 175-184
This article addresses the performance of the three largest Australian airports following their privatization. The airports represent cases of divestment of government business enterprises into privately-owned businesses each with differing ownership arrangements. The performances of the privatized airports are considered using financial data obtained from general purpose financial reports of the entities. There are significant implications for future divestment policies, including the value of divestment as a policy response in uncompetitive environments, the use of particular infrastructure investment models, and the nature of the linkage between ownership structure and financial performance. Copyright Springer Science+Business Media New York 2013
Keywords: Privatization · Divestment · Airports · Financial performance · GBEs · Australia (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:porgrv:v:13:y:2013:i:2:p:175-184
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