Abstract This research compares the efficiency of holding business model to individual management model of airports, employing some robust non-parametric partial frontier-based methods to compare the statistical distributions of efficiency, under different scenarios, to find out which group of airports yields better global performance. The comparison between groups will follow a Malmquist index decomposition, which seems to be the most appropriate tool for within- and inter-group performance comparison. For this purpose, a sample of 145 airports from three continents is utilized. The results provide evidence that European airports are the most productive ones, and within this cluster, the individual management model presented a significant frontier shift with respect the holding cluster frontier, meaning that the former is much more productive than the latter.
Highlights Estimation of the efficiency in airports of Europe, Asia Pacific and North America. To investigate the determinants of efficiency using non-parametric methods. Individual management plays a pivotal role in productivity and profitability improvements.
Comparing efficiency of holding business model and individual management model of airports
Journal of Air Transport Management ; 57 ; 168-183
2016-07-26
16 pages
Article (Journal)
Electronic Resource
English
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