Abstract
The real estate sector keeps contributing significantly to the Spanish economy. A recent news article reports the existence of inefficiencies in the nature and delivery of new properties. We investigate the technical efficiency of this sector using a non-parametric "reasonable" benchmarking frontier, acknowledging the marked influence of the sector's shadow economy. We then relate the results applying a panel data analysis to the shareholding concentration and identity of firm ownership. We find no systematic support for the effect of corporate ownership on technical efficiency.
| Original language | English |
|---|---|
| Pages (from-to) | 100-113 |
| Journal | Corporate Ownership and Control |
| Volume | 4 |
| Issue number | 2 A |
| Publication status | Published - 1 Dec 2006 |
Keywords
- Corporate ownership
- Data envelopment analysis