Abstract
Abstract This paper analyzes how privatization can influence the efficiency of a firm's operations. Canadian National (CN), a privatized firm, and its closest private sector competitor, Canadian Pacific (CP), are compared both before and after the privatization of CN. The total factor productivity of the two carriers is examined over a 17-year period (1981–1997). Accounting ratios and stock price returns are compared from 1995 to 1998. The results show that although CN was less efficient from 1981 to 1991, its performance increased to surpass that of CP during the post-privatization period.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Transportation Research Part E: Logistics and Transportation Review
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
