Privatizing Australian Airports: Ownership, Divestment and Financial Performance

Christopher Aulich, Mark Hughes

    Research output: Contribution to journalArticle

    2 Citations (Scopus)

    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.
    Original languageEnglish
    Pages (from-to)175-184
    Number of pages10
    JournalPublic Organization Review
    Volume13
    Issue number2
    DOIs
    Publication statusPublished - 2013

    Fingerprint

    airport
    performance
    business enterprise
    ownership structure
    privatization
    infrastructure
    Airports
    Ownership
    Financial performance
    Divestment
    Values
    Business enterprise
    Ownership structure
    Policy responses
    Linkage
    Privatization
    Government
    Infrastructure investment
    Financial data

    Cite this

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    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.",
    keywords = "Privatization {\^A}· Divestment {\^A}· Airports {\^A}· Financial performance {\^A}· GBEs {\^A}· Australia",
    author = "Christopher Aulich and Mark Hughes",
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    Privatizing Australian Airports: Ownership, Divestment and Financial Performance. / Aulich, Christopher; Hughes, Mark.

    In: Public Organization Review, Vol. 13, No. 2, 2013, p. 175-184.

    Research output: Contribution to journalArticle

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