Abstract
The ownership form of Air Navigation Service Providers varies across countries ranging from state agencies, to semi-private firms with for-profit or not-for-profit mandates. This research focusses on the link between the performance of ANSPs and their ownership form. A theoretical economic model suggests that effort to achieve efficiency will be higher in the case of public companies with a board of stakeholders composed of airspace users and in the case of private companies in which stakeholders are also shareholders. A stochastic frontier analysis estimation of the production and cost functions of 37 European air navigation service providers over nine years suggests that the public-private ownership form achieves statistically significantly higher efficiency levels compared to a governmental corporation which in turn is an improvement over a state agency.
| Original language | American English |
|---|---|
| Journal | SESAR Innovation Days |
| State | Published - 2017 |
| Event | 7th SESAR Innovation Days, SIDs 2017 - Belgrade, Serbia Duration: 28 Nov 2017 → 30 Nov 2017 |
Bibliographical note
Funding Information:This research was undertaken as part of the COMPAIR project. This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 699249. The authors would like to thank the participants of the Air Transport Research Society Conference held in Antwerp in July 2017 for their helpful comments.
Funding Information:
This research was undertaken as part of the COMPAIR project. This project has received funding from the European Union?s Horizon 2020 research and innovation programme under grant agreement No 699249. The authors would like to thank the participants of the Air Transport Research Society Conference held in Antwerp in July 2017 for their helpful comments.
Publisher Copyright:
© 2017, SESAR Joint Undertaking. All rights reserved.
Keywords
- ANSP performance
- Ownership
- SFA