한국산학기술학회논문지 (Journal of the Korea Academia-Industrial cooperation Society)

  • 제17권3호
  • /
  • Pages.298-309
  • /
  • 2016
  • /
  • 1975-4701(pISSN)
  • /
  • 2288-4688(eISSN)
한국산학기술학회 (The Korea Academia-Industrial cooperation Society)
권호 표지
DOI QR코드

DOI QR Code

민영화 성과분석 -효율성과 생산성을 중심으로-

A Study on Impact of Privatization; Focus on Efficiency and Productivity

  • 투고 : 2015.09.09
  • 심사 : 2016.03.03
  • 발행 : 2016.03.31
PDF 다운로드
⟨ 이전 논문 다음 논문 ⟩

초록

최근 민영화에 대한 많은 논란이 있다. 민영화는 효율성과 생산성의 상승을 목적으로 실시된다. 그러나 이에 관한 연구는 부족하다. 따라서 본 연구에서는 DEA와 Malmquist분석을 이용하여 민영화에 따른 효율성과 생산성의 개선 효과를 분석한다. 분석결과, 민영화된 공기업과 공기업간의 효율성 차이는 나타나지 않았다. 그러나 생산성에서는 차이가 존재하는 것으로 나타났다. 따라서 민영화는 생산성의 향상을 불러올 수 있다고 분석 가능하다. 본 연구를 통해 정책경영시사점을 제공할 수 있다.

To increase the productivity and efficiency of public enterprises, privatization has been carried out in a number of different ways. However, the change in productivity and efficiency of privatization have not been validated. Therefore, it is important to investigate the change in productivity and efficiency of privatization. In this study, the impact of privatization was analyzed using the indices of Malmquist analysis and DEA. According to the case studies in Korean privatization, there is no change in efficiency due to privatization. On the other hand, privatization influences the productivity of privatization. These results suggest that the purpose of privatization should be clarified before privatization

키워드

참고문헌

  1. D. Berkowitz, M. Hoekstra, K. Schoors, "Bank privatization, finance, and growth," Journal of Developmnet Economics, Vol. 110, pp. 93-106, 2014. DOI: http://dx.doi.org/10.1016/j.jdeveco.2014.05.005
  2. J. Y. Kim, “Privatization of the Public Enterprises in Korea; Evidence and Issue,” Public Finance Forum, Vol. 2008, No. 2, pp. 346-376, 2008.
  3. S. H, Park, "A Comparison of Personel Performance Asesment Systems in Non-departmental Public Bodies," Journal of The Korean Society for Public Personal Administration," Vol. 12, No. 3, pp. 21-50, 2013.
  4. K. T. Joo, S. S. Y, “A Study on the Effectiveness of the Privatization Policy of the Public Enterprise,” Korea Journal of Public Administration, Vol. 44, No. 3, pp. 67-92, 2006.
  5. T. H. Oum, N. Adler, C. Yu, "Privatization, corporatization, ownership forms and their effects on the performance of the world's major airports," Journal of Air Transport Management, Vol. 13, No. 3, pp. 109-121, 2006. DOI: http://dx.doi.org/10.1016/j.jairtraman.2005.11.003
  6. S. K. Kim, "A Study of Privatization Policy of European Public Corporations; Focus on French Case," Journal of The Korean-Japanese Economics&Management Association, Vol. 23, pp. 187-222, 2001.
  7. C. W. Kim, "A Study on Success Factors of Privatization of Public Sector Enterprises in India: With Special Reference to Power Sector," Journal of The International Association of Asia Studies, Vol. 13, No. 2, pp. 73-92, 2009. DOI: http://dx.doi.org/10.18327/jias.2009.07.13.2.73
  8. S. C. Ham, "Privatization and Corporate Governance," Social Science Research, Vol. 17, pp. 1-25, 2003.
  9. I. C. Nam, “Policy Implication of KT Privatization,” Journal of Korea Association for Telecommunications Policies, Vol. 9, No. 1, pp. 261-286, 2002.
  10. Y. S. Lee, “The Situation and the Tasks of UK Rail Privatization, Focusing on after the Hatfield Accident,” Journal of Korean Society of Transportation, Vol. 24, No. 2, pp. 91-100, 2006.
  11. H. J. Seung, "The Evaluation of Privatization Policy," Korean Economic Forum, Vol. 5, No. 2, pp. 43-59, 2012
  12. H. S. Kim, “An Empiical Analysis on the Economic Performance of Privatization Public Firms in Korea,” Journal of The Korean Association of Public Finance, Vol. 22, No. 1, pp. 35-60, 2007.
  13. S. D. Choi, J. S. Shin, “Long-Run Operating Consquences of Divested Telecom IPOs,” Journal of KAFE, Vol. 7, No. 4, pp. 205-234, 2008.
  14. S. H. Lee, “Public Ownership and Performance of Privatization; Comparisons of Empirical Studies on Privatization Policy across Countries,” Journal of The Korean Regional Development Association, Vol. 41, No. 1, pp. 73-92, 2009.
  15. M. E. Warner, "Privatization and urban governance: The continuing challenges of efficiency, voice and integration," Cities, Vol. 29, Supplement. 2, pp. 38-43, 2012. DOI: http://dx.doi.org/10.1016/j.cities.2012.06.007
  16. J. H. Lee, C. K. Kang, “Corporate Govermence and Corporate Income Tax Revenue; A Comparison between Privatized Public Corporations and Conglomerates,” Journal of Korea Industrial Economics Association, Vol. 23, No. 3, pp. 1487-1508, 2010.
  17. S. J. Wallsten, "An Econometric Analysis of Telecom Competition, Privatization, and Regulation in Africa and Latin America," The Journal of Industrial Economics, Vol. 49, Issue. 1, pp. 1-19, 2001. DOI: http://dx.doi.org/10.1111/1467-6451.00135
  18. A. Zhang, A. Yuen, "Effects of competition and policy changes on Chinese airport productivity: An empirical investigation," Journal of Air Transport Management, Vol. 15, Issue. 4, pp. 166-174, 2007. https://doi.org/10.1016/j.jairtraman.2008.09.003
  19. S. Grosskopf, V. Valdmanis, "Measuring hospital performance: A non-parametric approach," Journal of Health Economics, Vol. 6, Issue. 2, pp. 88-107, 1987. DOI: http://dx.doi.org/10.1016/0167-6296(87)90001-4
  20. S. X. H. Gong, K. Cullinane, M. Firth, "The impact of airport and seaport privatization on efficiency and performance; A review of the international evidence and implications for developing countries," Transport Policy, pp. 37-47, 2012. DOI: http://dx.doi.org/10.1016/j.tranpol.2012.06.020
  21. B. Villalonga, "Privatization and efficiency; Differentiating ownership effects from political, organizational, and dynamic effects," Journal of Economic Behavior&Organization, Vol. 42, pp. 43-74, 2000. DOI: http://dx.doi.org/10.1016/S0167-2681(00)00074-3
  22. J. S. Park, “The Economic Effectiveness Analysis of Expanded Privatization,” Korean Policy Research, Vol. 26, No. 3, pp. 81-104, 2012.
  23. S. Toshiyuki, "Privatization of nippon telegraph and telephone: Was it a good policy decision?," European Journal of Operational Research, Vol 107, Issue. 1, pp. 45-61, 1998. https://doi.org/10.1016/S0377-2217(96)00366-9
  24. R. M. Duch, "Privatizing the economy: Telecommunications policy in comparative perspective," University of Michigan Press, 1991.
  25. C. Kang, "Privatization and production efficiency in Taiwan's telecommunications industry," Telecommunications Policy, Vol. 33, Issue. 9, 2009. DOI: http://dx.doi.org/10.1016/j.telpol.2009.04.002
  26. D. Parker, “The performance of BAA before and after privatisation; A DEA study,” Journal of Transport Economics and Policy, Vol. 33, No. 2, pp. 133-146, 1999.
  27. M. K. Y. Fung, K. K. H. Wan, "Productivity changes in Chinese airports 1995-2004," Transportation Research Part E: Logistics and Transportation Review, Vol. 44, Issue. 3, pp. 521-542, 2008. DOI: http://dx.doi.org/10.1016/j.tre.2007.01.003
  28. T. E. Notteboom, J. Rodrigue, "Port regionalization: towards a new phase in port development," Maritime Policy & Management, Vol. 32, Issue. 3, pp. 297-313, 2005. DOI: http://dx.doi.org/10.1080/03088830500139885
  29. K. Cullinane, D. Song, "Port privatization policy and practice," Transport Reviews, Vol. 22. Issue. 1, pp. 55-75, 2002. DOI: http://dx.doi.org/10.1080/01441640110042138
  30. J. Tongzon, W. Heng, "Port privatization, efficiency and competitiveness: Some empirical evidence from container ports (terminals)," Transportation Research Part A: Policy and Practice, Vol. 39, Issue. 5, pp. 405-424, 2005. DOI: http://dx.doi.org/10.1016/j.tra.2005.02.001
  31. E. R. Becker, F. A. Solan, "HOSPITAL OWNERSHIP AND PERFORMANCE," Economic Inquiry, Vol. 23, Issue. 1, pp. 21-36, 1985. DOI: http://dx.doi.org/10.1111/j.1465-7295.1985.tb01750.x
  32. G. W. Wilson, J. M. Jadlow, “Competition, Profit Incentives, and Technical Efficiency in the Provision of Nuclear Medicine Services,” The Bell Journal of Economics, Vol. 13, No. 2, pp. 472-482, 1982. DOI: http://dx.doi.org/10.2307/3003467
  33. H. E. Frech, "The Property Rights Theory of the Firm: Some Evidence from the U.S. Nursing Home Industry," Journal of Institutional and Theoretical Economics," Bd. 141, H. 1, pp. 146-166, 1985.
  34. M. Filippini, R. Maggi, "Efficiency and regulation in the case of the Swiss Private Railways," Journal of Regulatory Economics, Vol. 5, Issue. 2, pp. 199-216, 1993. DOI: http://dx.doi.org/10.1007/BF01065366
  35. T. H. Oum, C. Yu, "Economic Efficiency of Railways and Implications for Public Policy: A Comparative Study of the OECD Countries' Railways," Journal of Transport Economics and Policy, Vol. 28. No. 2, pp. 121-138, 1994.
  36. M. G. Pollitt, "Ownership and performance in electric utilities: the international evidence on privatization and efficiency," Oxford University Press, 1995.
  37. L. Hjalmarsson, A. Veiderpass, "Productivity in Swedish Electricity Retail Distribution," The Scandinavian Journal of Economics, Vol. 94, pp. 193-205, 1992. DOI: http://dx.doi.org/10.2307/3440259
  38. D. S. Saal, D. Parker, "The impact of privatization and regulation on the water and sewerage industry in England and Wales: a translog cost function model," Managerial and Decision Economics, Vol. 21, Issue. 6, pp. 253-268, 2000. DOI: http://dx.doi.org/10.1002/mde.988
  39. J. L. Perry, T. T. Babitsky, "Comparative Performance in Urban Bus Transit: Assessing Privatization Strategies," Public Administration Review, Vol. 46. No. 1, pp. 57-66, 1986. DOI: http://dx.doi.org/10.2307/975443
  40. R. A. McGuire, T. N. V. Cott, "Public versus private economic activity: A new look at school bus transportation," Public Choice, Vol. 43, Issue. 1, pp. 25-43, 1984. DOI: http://dx.doi.org/10.1007/BF00137903
  41. P. Pestieau, H. Tulkens, "Assessing and Explaining the Performance of Public Enterprises," FinanzArchiv / Public Finance Analysis, Bd. 50, H. 3, pp. 293-323, 1993.
  42. D. G. Davies, P. F. Brucato, “Property Rights and Transaction Costs: Theory and Evidence on Privately-Owned and Government-Owned Enterprises,” Journal of Institutional and Theoretical Economics, Vol. 143, No. 1, pp. 7-22, 1987.
  43. R. L. Porta, F. Lopez-de-Silanes, A. Shleifer, R. Vishny, "The quality of government," Journal of Low, Economic&Organization, Vol. 15, Issue. 1, pp. 222-279, 1999. DOI: http://dx.doi.org/10.1093/jleo/15.1.222
  44. P. Enderwick, "Multinational enterprises and partial privatisation of state-owned enterprises," International Business Review, Vol. 3, Issue. 2, pp. 135-147, 1994. https://doi.org/10.1016/0969-5931(94)90020-5
  45. P. Plane, "Privatization and economic growth: an empirical investigation from a sample of developing market economies," Applied Economics, Vol. 29, Issue. 2, pp. 161-178, 1997. DOI: http://dx.doi.org/10.1080/000368497327245
  46. C. Okten, K. P. Arin, "The Effects of Privatization on Efficiency: How Does Privatization Work?," World Development, Vol. 34, Issue. 9, pp. 1537-1556, 2006. DOI: http://dx.doi.org/10.1016/j.worlddev.2006.01.004
  47. K. S. Kim, “Analyzing the Technical Efficiency of Korean System Integration Firms Using DEA and Malmquist Productivity Analysis,” Journal of the Korea society of system integration, Vol. 5, No. 1, pp. 1-16, 2006.
  48. D. Y. Han, S. A. Kim, “Analysing the Managerial Efficiency of Software Companies by DEA,” Productivity review, Vol. 22, No. 4, pp. 5-22, 2008. https://doi.org/10.15843/kpapr.22.3.200809.5
  49. J. Kim, K. I. Khoe, “Management Efficiency Analysis of Global Semiconductor Manufacturers; based on Super Efficiency DEA Model and MPI Method,” Daehan Journal of business, Vol. 25, No. 1, pp. 369-394, 2012.
  50. I. S. Choi, Y. P. Yu, D. H. Lee, “A Study on Relative Efficiency of franchise Companies Using DEA Model,” Asia Pacific Journal of Small Business, Vol. 35, No. 2, pp. 213-244, 2013.
  51. W. K. Kook, "Social Contribution and Optimal Level of Road Capital in South Korea," The Korea spatial planning review, No. 77, pp. 103-117, 2013.
  52. J. S. Park, I. S. Yoo, “A Study on Factors Affecting The Management Efficiency of Korean Pharmaceutical Firms Listed in the KRX; Using DEA and Tobit Model,” Productivity Review, Vol. 27, No. 3, pp. 137-165, 2013. DOI: http://dx.doi.org/10.15843/kpapr.27.3.201309.137
  53. S. Oh, Y. Ahn, “Efficiecny Analysis for Certified Integrated Logistics Companies Using DEA and Malmquist Productivity index,” Korean Journal of Logistics, Vol. 21, No. 2, pp. 93-112, 2013. DOI: http://dx.doi.org/10.15735/kls.2013.21.2.007
  54. B. Bortolottia, J. D'Souzab, M. Fantinic, W. L. Megginsond, "Privatization and the sources of performance improvement in the global telecommunications industry," Telecommunications Policy, Vol. 26, Issues 5-6, pp. 243-268, 2002. DOI: http://dx.doi.org/10.1016/S0308-5961(02)00013-7
  55. A. Charnes, W. W. Cooper, E. Rhodes, "Measuring the efficiency of decision making units," European Journal of Operational Research, Vol. 2, pp. 429-444, 1978. DOI: http://dx.doi.org/10.1016/0377-2217(78)90138-8
  56. H. D. Jang, J. H. Lee, “An Efficient Selection of Promising Technology Using AHP and DEA,” Journal of Korea Corporation Management, Vol. 8, No. 2, pp. 67-85, 2011.
  57. Y. H. Kwon, K. B. Park, "A Comparative Analysis on the Sales Efficiency: Considering the Restricts of Operating Hour," Management Consulting Journal, Vol. 13 No. 1, pp. 115-139, 2013.
  58. P. Andersen, N. C. Petersen, "A Procedure for Ranking Efficient Units in Data Envelopment Analysis," Management science, Vol. 39, Issue. 10, pp. 1261-1264, 1993. DOI: http://dx.doi.org/10.1287/mnsc.39.10.1261
  59. K. Yoo, “Ranking Analysis of Efficiency Decision-Making Units in Data Envelopment Analysis for Evaluating the Efficiency for the Public Sector,” Korean Journal of Public Administration, Vol. 44, No. 1, pp. 155-185, 2006.
  60. K. Tone, "A Strange Case of the Cost and Allocative Efficiencies in DEA," The Journal of the Operational Research Society, Vol. 53, No. 11, pp. 1225-1231, 2002. DOI: http://dx.doi.org/10.1057/palgrave.jors.2601438
  61. K. Song, "The Evaluating Local Public Enterprise Using DEA-Malmquist Productivity index" Korean Public Administration Quarterly, Vol. 24, No. 3, pp. 525-544, 2012.
  62. J. D. Lee, D. H. Oh, Theory of efficiency analysis, pp. 1-201, Jiphil media, 2012.
  63. C. Wang, J. Lee, Y. Chang, "Measuring productivity in the biotechnology industry using the global Malmquist index," Applied Economics Letters, Vol. 19, Issue. 9, pp. 807-812, 2012. DOI: http://dx.doi.org/10.1080/13504851.2011.605552
  64. Y. C. Ying, L. Wei, "Efficiency of Chinese enterprises: Does human resource management matter?," Applied Economics Letters, Vol. 19, Issue. 1, pp. 35-39, 2012. https://doi.org/10.1080/13504851.2011.566170
  65. H. Fukuyama, W. L. Weber, "A directional slacks-based measure of technical inefficiency," Socio-Economic Planning Sciences, Vol. 43, Issue. 4, pp. 274-287, 2009. DOI: http://dx.doi.org/10.1016/j.seps.2008.12.001
  66. J. Zhu, "Multi-factor performance measure model with an application to Fortune 500 companies," European Journal of Operational Research, Vol. 123, Issue. 1, pp. 105-124, 2000 DOI: http://dx.doi.org/10.1016/S0377-2217(99)00096-X
  67. Y. Chen, L. Motiwalla, M. R. Khan, "Using super-efficiency DEA to evaluate financial performance of e-business initiative in the retail industry," International Journal of Information Technology & Decision Making, Vol. 3, Issue. 2, 337-351, 2004. DOI: http://dx.doi.org/10.1142/S0219622004001045
  68. G. E. Halkos, N. G. Tzeremes, "Productivity efficiency and firm size; An empirical analysis of foreign owned companies," Vol. 16, Issue. 6, pp. 713-731, 2007. https://doi.org/10.1016/j.ibusrev.2007.06.002
  69. W. Y. Wu, H. J. Tsai, K. Y. Cheng, M. Lai, "Assessment of intellectual capital management in Taiwanese IC design companies: using DEA and the Malmquist productivity index," R&D Management, Vol. 36, Issue. 5, pp. 531-545, 2006. DOI: http://dx.doi.org/10.1142/S0219622004001045
  70. K. Yusof, A. R. Razali, I. M. Tahir, "An Evaluation of Company Operation Performance Using Data Envelopment Analysis (DEA) Approach: A study on Malaysian Public Listed Companies," International Business Management, Vol. 4, Issue. 2, pp. 47-52, 2010. https://doi.org/10.3923/ibm.2010.47.52
  71. W. W. Cooper, K. S. Park, G. Yu, "IDEA and AR-IDEA: Models for Dealing with Imprecise Data in DEA," Management Science, Vol. 45, Issue. 4, pp. 597-607, 1999. DOI: http://dx.doi.org/10.1287/mnsc.45.4.597
  72. V. Zelenyuk, V. Zheka, "Corporate Governance and Firm's Efficiency: The Case of a Transitional Country, Ukraine," Journal of Productivity Analysis, Vol. 25, Issue. 1-2, pp. 143-157, 2006. DOI: http://dx.doi.org/10.1007/s11123-006-7136-8
  73. S. W. Hung, W. M. Lu, T. P. Wang, "Benchmarking the operating efficiency of Asia container ports," European journal of operational research, Vol. 203, Issue. 3, pp. 706-713, 2010. DOI: http://dx.doi.org/10.1016/j.ejor.2009.09.005