Abstract | The aim of this paper is to assess the comparative performance of European airports by using a mixture of different approaches that are available to measure efficiency and productivity. The paper adopts a financial focus and considers partial factor productivity, financial ratio analysis and data envelopment analysis. A sample of 31 individual European airports and four European airport systems is used for the ten-year period beginning in 1990. This sample includes airports of varying sizes, in public, mixed public-private and fully private ownership. The research reveals differences in financial performance between the airports in terms of geographical location, airport size and ownership status. |
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