Civil Aviation Policy and the Privatisation of British Airways PDF Download

Author: Mark Ashworth
Publisher:
ISBN: 9780902992412
Category : Aeronautics, Commercial
Languages : en
Pages : 168

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Author: Kyohei Shibata
Publisher:
ISBN:
Category : Airlines
Languages : en
Pages : 110

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Recoge: 1.1982: Slimdown -- 2.1983: Toward Marketing-oriented Structure -- 3.1984: Opposition to Route Transfer -- 4.1985: Toward Expansion -- 5.1986: Toward a New Environment -- 6.1987: Privatisation.

Author: John Anderson Kay
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 376

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A collection of theoretical and applied readings which provide a timely review of the arguments for and against privatization and which draw together some of the important pieces of research that have been undertaken on the issue.

Author: V. V. Ramanadham
Publisher: Routledge
ISBN: 0429576374
Category : Business & Economics
Languages : en
Pages : 320

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The Conservative’s privatisation programme was one of the most ambitious aspects of their attempt to redraft the political and economic map of the United Kingdom. Originally published in 1988, this book explores the processes of privatisation from a variety of standpoints. Its contributors include academics, enterprise executives and government officials, many of whom had been closely involved in the programme. Fiscal, legal and social aspects of privatisation are explored but the book treats the subject as more than an immediate political issue and takes the opportunity to discuss the success – or otherwise – of public enterprise and to explore the implication of the UK experience for other countries which have an interest in privatisation.

Author: Stephen Martin
Publisher: Routledge
ISBN: 1134766122
Category : Business & Economics
Languages : en
Pages : 220

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Are resources allocated more efficiently through private ownership than through the public sector? The experiences of eleven newly privatised companies are examined to evaluate this hypothesis. With the Government's pro-privatization policies in place for over a decade, this is a prime time to evaluate theory versus reality.

Author: Stephen Martin
Publisher: Psychology Press
ISBN: 0415142334
Category : Business & Economics
Languages : en
Pages : 220

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Over the past decade economic policy in the UK and elsewhere has been guided by the belief that resources are used more efficiently in the private sector than under state ownership. Consequently, many formerly state-owned companies have been transferred to the private sector. After surveying the theoretical arguments for and against this hypothesis, this book examines the experience of eleven firms, including British Airways, Rolls-Royce and British Telecom. Various indicators are used to measure each firm's performance before and after privatisation to assess whether this policy has brought about improvements in efficiency. The first four chapters provide background material for the empirical work that follows. Chapter 1 outlines the theoretical arguments for and against the idea that private ownership will be more efficient than state control. Chapter 2 provides brief histories of the eleven organisations studied and chapter 3 discusses how their performance can be measured. Chapter 4 reviews the literature on the relative efficiency of public and private ownership. Chapter 5 considers the impact of privatisation on each of the eleven firms' labour and total factor productivity growth. Chapter 6 performs a similar analysis using two standard accounting ratios (value-added and the rate of profit). Chapter 7 assesses the impact of privatisation on technical efficiency using data envelopment analysis. In chapter 8 the impact of ownership on employment, wage levels and the distribution of business income is considered. The penultimate chapter discusses the restructuring that has followed each company's move into the private sector, and the final chapter summarises the results.

Author: G. Ganesh
Publisher: Mittal Publications
ISBN: 9788170997160
Category : Business & Economics
Languages : en
Pages : 392

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Author: Catherine C. Eckel
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Previous studies evaluating the effect of privatization have relied on accounting data. While this approach has provided significant results, the accounting data are vulnerable to manipulation especially by the new management. In this paper, we examine the effect of privatization on i) the product prices in the markets where the privatized firms provided service, and the effect on ii) the stock prices of competing firms. We believe that the product prices and stock prices will present a truer picture of privatization. For our analysis, we choose the privatization of British Airways and Air Canada. We find that i) airfares in both the British Airways and Air Canada markets fell significantly when the control passed from government to private ownership - reflecting (expected) improvements in economic efficiency and keener competition. Simultaneously, we also find that ii) stock prices of competitors (the US airlines) fell significantly upon announcement. The abnormal stock returns to the privatized airlines' competitors are related to their exposure in the markets served British Airways and Air Canada. The results imply that change to private ownership improves economic efficiency; and privatization benefits consumers through lower prices.

Author: V. V. Ramanadham
Publisher: Routledge
ISBN: 1134961561
Category : Business & Economics
Languages : en
Pages : 395

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This book contains papers on some 25 countries written by experts directly connected with privatisation, either as academics or as policy makers and practitioners, with a comparative review at the end by the editor. It highlights the major factors in the success and the failings of privatisation attempts in different countries in Europe, America, Latin America, Africa, Asia and Australasia. In particular there are studies on the evolving experience of transformation to free market economy in the former socialist countries of Eastern Europe.

Author: Kenneth W. Wiltshire
Publisher: Committee for Economic Development
ISBN:
Category : Business & Economics
Languages : en
Pages : 150

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