Howell, Sabrina T.; Jang, Yeejin; Kim, Hyeik; Weisbach, … - 2022
Infrastructure assets have undergone substantial privatization around the world in recent decades. How do these assets … perform post-privatization? This paper examines global airports. Our central finding is that the type of ownership matters …: Volume, efficiency, and quality improve substantially under private equity (PE) ownership—both following privatization and in …