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Technical Efficiency and Corporate Structure of Italian Private Hospitals: Evidence from One-step Stochastic Frontier Analysis

Author

Listed:
  • Marco Alberto De Benedetto

    (University of Messina)

  • Antonio Fabio Forgione

    (University of Messina)

Abstract

This paper aims to identify the relationship between the output-oriented technical efficiency of Italian private hospitals and their ownership structure. Using the one-step Stochastic Frontier Analysis technique, we explain technical efficiency throughout a set of variables capturing the firm’s shareholder activity, ownership concentration, and managerial ownership. Results suggest that (1) technical efficiency is positively affected by managerial ownership, and (2) private hospitals are more efficient when ownership concentration is low.

Suggested Citation

  • Marco Alberto De Benedetto & Antonio Fabio Forgione, 2019. "Technical Efficiency and Corporate Structure of Italian Private Hospitals: Evidence from One-step Stochastic Frontier Analysis," Birkbeck Working Papers in Economics and Finance 1904, Birkbeck, Department of Economics, Mathematics & Statistics.
    • Handle: RePEc:bbk:bbkefp:1904
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    File URL: https://eprints.bbk.ac.uk/id/eprint/28378
    File Function: First version, 2019
    Download Restriction: no
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    More about this item

    Keywords

    Technical Efficiency; Private Health System; Ownership; Stochastic Frontier;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • I10 - Health, Education, and Welfare - - Health - - - General

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