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Technical efficiency and corporate structure of Italian private hospitals: evidence from one-step Stochastic Frontier Analysis

De Benedetto, Marco Alberto and Forgione, A.F. (2019) Technical efficiency and corporate structure of Italian private hospitals: evidence from one-step Stochastic Frontier Analysis. Working Paper. Birkbeck University of London, London, UK.

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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.

Metadata

Item Type: Monograph (Working Paper)
Additional Information: BWPEF 1904, ISSN: 1745-8587
Keyword(s) / Subject(s): Technical Efficiency, Private Health System, Ownership, Stochastic Frontier
School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
Depositing User: Justine Lloyd-Altius
Date Deposited: 12 Sep 2019 07:21
Last Modified: 10 Apr 2025 04:10
URI: https://eprints.bbk.ac.uk/id/eprint/28378

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