IDEAS home Printed from https://ideas.repec.org/a/kap/regeco/v28y2005i3p259-287.html
   My bibliography  Save this article

Regulation of State-Owned and Privatized Utilities: Ukraine Electricity Distribution Company Performance

Author

Listed:
  • Sanford Berg
  • Chen Lin
  • Valeriy Tsaplin

Abstract

Both ownership and regulation affect the behavior of utility managers. Private ownership rewards managerial decisions that enhance shareholder value. Regulatory incentives reward behavior that affects profits and costs. An empirical analysis of 24 Ukraine electricity distribution companies from 1998 to 2002 indicates that privately owned firms do respond to incentives that add to net cash flows (associated with reducing commercial and non-commercial network losses). However, they also respond more aggressively than do state-owned distribution utilities to mark-up (cost-plus) regulatory incentives that increase shareholder value but decrease cost efficiency. Copyright Springer Science+Business Media, Inc. 2005

Suggested Citation

  • Sanford Berg & Chen Lin & Valeriy Tsaplin, 2005. "Regulation of State-Owned and Privatized Utilities: Ukraine Electricity Distribution Company Performance," Journal of Regulatory Economics, Springer, vol. 28(3), pages 259-287, November.
    • Handle: RePEc:kap:regeco:v:28:y:2005:i:3:p:259-287
    DOI: 10.1007/s11149-005-3957-z
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11149-005-3957-z
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11149-005-3957-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Helene Ryding, 1998. "Electricity Restructuring in Ukraine: Illusions of Power in the Power Industry?," CERT Discussion Papers 9803, Centre for Economic Reform and Transformation, Heriot Watt University.
    2. SIMAR, Léopold & WILSON, Paul W., 1998. "Productivity growth in industrialized countries," LIDAM Discussion Papers CORE 1998036, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Magdalena Kapelko, 2019. "Measuring productivity change accounting for adjustment costs: evidence from the food industry in the European Union," Annals of Operations Research, Springer, vol. 278(1), pages 215-234, July.
    2. Varun Mahajan & D. K. Nauriyal & S. P. Singh, 2020. "Domestic market competitiveness of Indian drug and pharmaceutical industry," Review of Managerial Science, Springer, vol. 14(3), pages 519-559, June.
    3. Radmilo Pesic & Diana Urge-Vorsatz, 2001. "Restructuring of the Hungarian Electricity Industry," Post-Communist Economies, Taylor & Francis Journals, vol. 13(1), pages 85-99.
    4. Simar, Léopold & W. Wilson, Paul, 2019. "Central limit theorems and inference for sources of productivity change measured by nonparametric Malmquist indices," European Journal of Operational Research, Elsevier, vol. 277(2), pages 756-769.
    5. Ghulam, Yaseen, 2017. "Long-run performance of an industry after broader reforms including privatization," Research in International Business and Finance, Elsevier, vol. 42(C), pages 745-768.
    6. J. Cummins & Xiaoying Xie, 2013. "Efficiency, productivity, and scale economies in the U.S. property-liability insurance industry," Journal of Productivity Analysis, Springer, vol. 39(2), pages 141-164, April.
    7. Valentin Zelenyuk, 2023. "Productivity analysis: roots, foundations, trends and perspectives," Journal of Productivity Analysis, Springer, vol. 60(3), pages 229-247, December.
    8. World Bank, 2009. "Belarus Agricultural Productivity and Competitiveness : Impact of State Support and Market Intervention," World Bank Publications - Reports 18897, The World Bank Group.
    9. Léopold Simar & Paul W. Wilson, 2023. "Another look at productivity growth in industrialized countries," Journal of Productivity Analysis, Springer, vol. 60(3), pages 257-272, December.
    10. Requillart, Vincent & Nauges, Celine & Simioni, Michel & Bontemps, Christophe, 2012. "Food Safety Regulation and Firm Productivity: Evidence from the French Food Industry," 2012 First Congress, June 4-5, 2012, Trento, Italy 124378, Italian Association of Agricultural and Applied Economics (AIEAA).
    11. Alexandra Daskovska & Léopold Simar & Sébastien Bellegem, 2010. "Forecasting the Malmquist productivity index," Journal of Productivity Analysis, Springer, vol. 33(2), pages 97-107, April.
    12. Anup Kumar Bhandari, 2021. "Withdrawal of the multifibre agreement and Indian textile industry: Concerns, efforts, and achievements," Review of Development Economics, Wiley Blackwell, vol. 25(3), pages 1397-1436, August.
    13. Pedraja, Francisco & Salinas, Javier & Smith, Peter, 2001. "Evaluating the Introduction of a Quasi-Market in Community Care: Assessment of a Malmquist Index Approach," Efficiency Series Papers 2001/10, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    14. Gonzalez, Eduardo & Gascon, Fernando, 2004. "Sources of productivity growth in the Spanish pharmaceutical industry (1994-2000)," Research Policy, Elsevier, vol. 33(5), pages 735-745, July.
    15. Anup Kumar Bhandari, 2010. "Total Factor Productivity Growth and Its Decomposition: An Assessment of the Indian Banking Sector in the True Liberalised Era," Working Papers id:3181, eSocialSciences.
    16. Mayer, Andreas & Zelenyuk, Valentin, 2014. "Aggregation of Malmquist productivity indexes allowing for reallocation of resources," European Journal of Operational Research, Elsevier, vol. 238(3), pages 774-785.
    17. Jose Zofio, 2007. "Malmquist productivity index decompositions: a unifying framework," Applied Economics, Taylor & Francis Journals, vol. 39(18), pages 2371-2387.
    18. George E. Halkos & Nickolaos G. Tzeremes, 2015. "Measuring Seaports' Productivity: A Malmquist Productivity Index Decomposition Approach," Journal of Transport Economics and Policy, University of Bath, vol. 49(2), pages 355-376, April.
    19. Destefanis, Sergio, 2000. "Differenziali territoriali di produttività ed efficienza e sviluppo dualistico [Territorial differences in productivity and efficiency and Italian dualism]," MPRA Paper 62065, University Library of Munich, Germany.
    20. David C. Wheelock & Paul W. Wilson, 2003. "Robust nonparametric estimation of efficiency and technical change in U.S. commercial banking," Working Papers 2003-037, Federal Reserve Bank of St. Louis.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:regeco:v:28:y:2005:i:3:p:259-287. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.