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

Douglas Nanka-Bruce

    Research output: Contribution to journalArticleResearchpeer-review

    2 Citations (Scopus)

    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 languageEnglish
    Pages (from-to)100-113
    JournalCorporate Ownership and Control
    Volume4
    Issue number2 A
    Publication statusPublished - 1 Dec 2006

    Keywords

    • Corporate ownership
    • Data envelopment analysis

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