Kunnallisten jätehuoltoyhtiöiden taloudellinen suoriutuminen: Tilinpäätösanalyyttinen vertailu yksityisiin jätehuoltoyrityksiin

The study evaluates the profitability and efficiency of municipally owned waste management companies between 2019 and 2021. According to our hypothesis, privately owned waste management companies (POWMCs) were expected to be more profitable and efficient than munic-ipally owned companies (MOWMCs). However, the research findings obtained through a logistic regression model turned out to be inconsistent. While POWMCs were found to be more profitable when measured by return on invested capital, MOWMCs exhibited better earnings before interest and taxes. Additionally, private firms operated more efficiently when measured by the capital turnover rate, but municipal companies were more efficient in their use of per-sonnel.

These findings do not fully support the main conclusions of previous studies. The conflicting research findings suggest the existence of different operating strategies between MOWMCs and POWMCs. The results also indicate that MOWMCs tend to be larger in size, more financially solvent, and have a longer operating history.