Comparing efficiency of holding business model and individual management model of airports. (October 2016)

• Record Type: Journal Article
• Authors: Ferreira, Diogo Cunha; Marques, Rui Cunha; Pedro, Maria Isabel
• Is Part Of: Journal of air transport management. Volume 57(2016)
• Page Start: 168
• Page End: 183
• Publication Date: 2016-10
• Subjects: Airports -- Holding and individual airports -- Efficiency -- Data envelopment analysis -- Malmquist index decomposition; Airlines -- Management -- Periodicals; Aeronautics, Commercial -- Management -- Periodicals; 387.7068
• DOI: 10.1016/j.jairtraman.2016.07.020
• Languages: English
• ISSNs: 0969-6997

Abstract

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.