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 |
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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