globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.111414
论文题名:
Impact of corporate governance norms on the performance of Indian utilities
作者: Srivastava G.; Kathuria V.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 140
语种: 英语
中文关键词: AT&C losses ; Corporate governance ; Price-cost margin ; Privatization ; Reforms
英文关键词: Privatization ; Public policy ; Corporate governance ; External cause ; Indian electricity act 2003 ; Indian power sectors ; National level ; Policy implications ; Price-cost margin ; Reforms ; Industrial management ; corporate strategy ; electricity industry ; governance approach ; industrial performance ; price dynamics ; privatization ; reform process ; state owned enterprise ; India
英文摘要: This paper investigates the role of corporate governance (CG) on the financial and operational (technical-cum-commercial) performance of India utilities. The Indian power sector, in the past, was mainly driven by electoral and political considerations that led to an unsustainable level of performance. The Indian Electricity Act 2003, brought a common framework of reforms at the national level. After more than fifteen years of reforms, results at the distribution end are still mixed. We argue that the ‘external causes' unleashed from the reform process should be a catalyst to more significant internal management changes. To quantify these changes, we compute the CG index and then employ data of 48 power utilities from 19 Indian states for the year 2016-17 to see the impact of this index on their performance. We find a positive relationship between the CG index and the performance of the utilities. An important policy implication is that improvement in CG is worth pursuing even in utilities where arm's length between government and the utility is not possible, as the government is the owner of these utilities. © 2020 Elsevier Ltd
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被引频次[WOS]:16   [查看WOS记录]     [查看WOS中相关记录]
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167495
Appears in Collections:气候变化与战略

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作者单位: SJM School of Management, Indian Institute of Technology (IIT) Bombay, Mumbai, 400076, India

Recommended Citation:
Srivastava G.,Kathuria V.. Impact of corporate governance norms on the performance of Indian utilities[J]. Energy Policy,2020-01-01,140
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