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Privatizing Australian Airports: Ownership, Divestment and Financial Performance

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  • Chris Aulich
  • Mark Hughes

Abstract

This article addresses the performance of the three largest Australian airports following their privatization. The airports represent cases of divestment of government business enterprises into privately-owned businesses each with differing ownership arrangements. The performances of the privatized airports are considered using financial data obtained from general purpose financial reports of the entities. There are significant implications for future divestment policies, including the value of divestment as a policy response in uncompetitive environments, the use of particular infrastructure investment models, and the nature of the linkage between ownership structure and financial performance. Copyright Springer Science+Business Media New York 2013

Suggested Citation

  • Chris Aulich & Mark Hughes, 2013. "Privatizing Australian Airports: Ownership, Divestment and Financial Performance," Public Organization Review, Springer, vol. 13(2), pages 175-184, June.
    • Handle: RePEc:kap:porgrv:v:13:y:2013:i:2:p:175-184
    DOI: 10.1007/s11115-013-0226-y
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    References listed on IDEAS

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    1. Katrina Di Marco & Mitchell Pirie & Wilson Au-Yeung, 2009. "A history of public debt in Australia," Economic Roundup, The Treasury, Australian Government, issue 1, pages 1-15, March.
    2. Oum, Tae H. & Yan, Jia & Yu, Chunyan, 2008. "Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports," Journal of Urban Economics, Elsevier, vol. 64(2), pages 422-435, September.
    3. Malcolm Abbott & Su Wu, 2002. "Total Factor Productivity and Efficiency of Australian Airports," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 35(3), pages 244-260, September.
    4. Perelman, Sergio & Serebrisky, Tomas, 2010. "Measuring the technical efficiency of airports in Latin America," Policy Research Working Paper Series 5339, The World Bank.
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    Cited by:

    1. Lohmann, Gui & Trischler, Jakob, 2017. "Licence to build, licence to charge? Market power, pricing and the financing of airport infrastructure development in Australia," Transport Policy, Elsevier, vol. 59(C), pages 28-37.

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