Public,privateandmixedownershipandtheperformanceof.pdfVIP

Journal of Air Transport Management 8 (2002) 213–220 Public, private an dmixe downership an dthe performance of international airlines a, b c Mattijs Backx *, Michael Carney , Eric Gedajlovic a Lufthansa Group, Lufthansa Base, 60546 Frankfurt am Main, Germany b John Molson School of Business, Concordia University, 1455 de Maisonneuve Blvd., West, Montreal, Quebec, Canada H3G 1M8 c Erasmus University The Rotterdam School of Management, Postbus 1738, 3000 DR, Rotterdam, The Netherlands Abstract Many airlines are neither completely public nor private enterprises but have hybri dor mixe dpublic-private ownership. Theory an devidence regarding the performance of private, public an dmixe downership are a resse din the context of the international airline industry. The study empirically examines the influence of an airline’s ownership structure on multiple dimensions of its performance. In general, the results indicate that public sector airlines under-perform relative private sector airlines. In a ition, we fin dthat airlines with mixe downership ten dto perform better than public sector airlines, but worse than private sector carriers. r 2002 Elsevier Science Ltd. All rights reserved. Keywords: Privatization; Airline Industry; Performance; Efficiency; Private Ownership; Public Ownership; Mixe dOwnership 1. Introduction an dMartin, 1996; Al-Jazzad, 1999) of comparing actual perfor