PRIVATIZATION AND PRODUCTIVITY IMPROVEMENT: THE CASE OF CANADIAN NATIONAL

This paper assesses the impact of privatization on productivity, specifically the productivity of two main Canadian rail carriers. Two rail carriers are compared, Canadian National (CN), a firm privatized at the end of 1995, and its closest private sector competitor, Canadian Pacific (CP). They are compared both before and after the privatization of CN. The total factor productivity of the two carriers is examined over the 17-year period, 1981 to 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.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/13665545
• Corporate Authors:

  Elsevier

  The Boulevard, Langford Lane
  Kidlington, Oxford  United Kingdom  OX5 1GB
• Authors:
  • Laurin, C
  • Bozec, Y
• Publication Date: 2001-11

Language

• English

Media Info

• Features: Appendices; References; Tables;
• Pagination: p. 355-374
• Serial:
  • Transportation Research Part E: Logistics and Transportation Review
  • Volume: 37
  • Issue Number: 5
  • Publisher: Elsevier
  • ISSN: 1366-5545
  • Serial URL: http://www.sciencedirect.com/science/journal/13665545

Subject/Index Terms

• TRT Terms: Competition; Economic efficiency; Performance; Privatization; Productivity; Railroad transportation; Railroads; Restructuring
• Identifier Terms: Canadian National; Canadian Pacific
• Geographic Terms: Canada
• Subject Areas: Administration and Management; Economics; Railroads;

Filing Info

• Accession Number: 00816604
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 26 2001 12:00AM