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Government's impact on the financial performance of electric service providers as both regulator and shareholder

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  • Loch, Murialdo
  • Marcon, Rosilene
  • Pruner da Silva, André Leonardo
  • Xavier, Wlamir Gonçalves

Abstract

This study examines how the government affects the financial performance of utility companies, both as a regulator and shareholder. We address government-led legislative changes affecting the electricity sector, privatization initiatives, and state interventionism in an emerging market country during the period 2010–2015, when the electricity sector was subjected to an exogenous shock. Working within an institutional economics framework, we hypothesize about government influence on the financial performance of electricity providers. Using the differences in differences (diff-in-diff) technique as a regression model for fixed-effects of panel data, we found support for our hypothesis.

Suggested Citation

  • Loch, Murialdo & Marcon, Rosilene & Pruner da Silva, André Leonardo & Xavier, Wlamir Gonçalves, 2018. "Government's impact on the financial performance of electric service providers as both regulator and shareholder," Utilities Policy, Elsevier, vol. 55(C), pages 142-150.
    • Handle: RePEc:eee:juipol:v:55:y:2018:i:c:p:142-150
    DOI: 10.1016/j.jup.2018.09.007
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    References listed on IDEAS

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    2. Gabriela Almeida Marcon Nora & Anete Alberton & Diego Hernando Florez Ayala, 2023. "Stakeholder theory and actor‐network theory: The stakeholder engagement in energy transitions," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 673-685, January.

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