Analysis of the Relationship between Governance Development Models and the Operational Efficiency of Urban Rail Transit

Zhang, Jianhan

doi:10.1061/9780784480274.143

Cited by 1 publication

(4 citation statements)

References 8 publications

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“…Therefore, the publicly managed firm was more efficient based on the metrics underlying the ECON5 efficiency scores. Our results show that organizational models, in particular the type of management, seem to play a role in determining the level of efficiency of urban rail companies, as discussed by [13,14,17]. As shown, most of the indicators support the conclusion of a higher level of efficiency in privately managed firms, confirming the previous findings of [5,13,14].…”

Section: Resultssupporting

confidence: 87%

“…The author concluded that systems operating under PPP regimes tend to exhibit higher levels of efficiency. A similar approach was developed in [14], supporting the same conclusion.…”

Section: Literature Review and Research Questionssupporting

confidence: 69%

“…Our results show that organizational models, in particular the type of management, seem to play a role in determining the level of efficiency of urban rail companies, as discussed by [13,14,17]. As shown, most of the indicators support the conclusion of a higher level of efficiency in privately managed firms, confirming the previous findings of [5,13,14]. In fact, as discussed in the literature, most studies (e.g., [25,27]) claim that the private sector is typically able to bring higher levels of productivity and social welfare.…”

Section: Resultsmentioning

confidence: 56%

“…Regarding methodologies, that the large majority of studies have used DEA methods ( [14,31,32]), although a few exceptions can be found, e.g., [33], which used an entropy-TOPSIS method. Our methodology will also be a DEA model, as presented and discussed in the next section.…”

Section: Literature Review and Research Questionsmentioning

confidence: 99%

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Empirical Analysis of the Effects of Ownership Model (Public vs. Private) on the Efficiency of Urban Rail Firms

et al. 2021

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The discussion over public vs. private management in the operation of public transport has been on the research agenda for the past decade. Several studies have analyzed the benefits of private management; however, no study has analyzed the effects of the management model while controlling for other external factors such as economic crises and political factors. This study intends to focus on the impact of the ownership model (public vs. private) of urban rail firms on their efficiency, while expanding the existing literature by controlling for economic and political factors. The methodology consisted of the calculation of DEA scores and subsequent use of regression analysis to identify the main determinants. We used a data set of four Portuguese rail firms during the period 2009–2018 along with five distinct efficiency scores. The results show that privately managed firms tend to be more efficient, but with distinct behavior depending on the economic cycle. In periods of growing GDP, private firms lose their potential superiority over public firms. The results also show that election years and unemployment rate also play a role in understanding the efficiency scores of these firms.

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Section: Resultssupporting

confidence: 87%

“…The author concluded that systems operating under PPP regimes tend to exhibit higher levels of efficiency. A similar approach was developed in [14], supporting the same conclusion.…”

Section: Literature Review and Research Questionssupporting

confidence: 69%