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From public to mixed ownership in local public services provision: an empirical analysis

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  • Margherita Boggio

Abstract

There is a long tradition of companies that provide local public services, such as energy distribution or solid waste collection, being strategically important for the promotion of the development of areas where they are present and having a great influence on citizens’ quality of life. This article examines the determinants of the choice of ownership structure for Italian companies that provide local public services, and the effects that this choice has on their performance. Economic and financial data at company level was merged with economic, political, financial and territorial data on the municipality with the majority of shares in it. A two-stage multinomial selection model was employed, in order to carry out the analysis with more than two alternative ownership structures and to control for endogeneity. The empirical evidence indicates that the municipality’s political and budgetary conditions matter in the choice of ownership structure. Although the computed Average Treatment Effects seem to indicate that mixed ownership increases operating efficiency, the profitability indicators provide evidence to the contrary.

Suggested Citation

  • Margherita Boggio, 2016. "From public to mixed ownership in local public services provision: an empirical analysis," Local Government Studies, Taylor & Francis Journals, vol. 42(3), pages 420-440, May.
  • Handle: RePEc:taf:flgsxx:v:42:y:2016:i:3:p:420-440
    DOI: 10.1080/03003930.2016.1146138
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    Cited by:

    1. Massimo Beccarello & Giacomo Di Foggia, 2023. "Efficient scale and scope of business models used in municipal solid waste management," European Journal of Management and Business Economics, Emerald Group Publishing Limited, vol. 32(4), pages 492-508, April.
    2. Daniel, Albalate & Germà, Bel & Albert, Gragera, 2019. "Politics, risk, and white elephants in infrastructure PPPs," Utilities Policy, Elsevier, vol. 58(C), pages 158-165.
    3. Daniel Albalate & Germà Bel & Albert Gragera, 2018. "“When politics and lobbyism combine to promote white elephants by using PPPs”," IREA Working Papers 201823, University of Barcelona, Research Institute of Applied Economics, revised Oct 2018.

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