Corporate ownership and technical eficiency analysis in the Spanish real estate sector

Douglas Nanka-Bruce

Corporate ownership and technical eficiency analysis in the Spanish real estate sector

Douglas Nanka-Bruce

Research output: Contribution to journal › Article › Research › peer-review

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

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