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Assessing the consequences of restructuring reforms on firms’ performance

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  • Pablo Arocena
  • Leticia Blázquez
  • Emili Grifell‐Tatjé

Abstract

This paper assesses the restructuring of the Spanish electric power sector by analysing the performance of electric companies. To this end, we jointly analyse the creation and decomposition of the economic value generated by them before and after the reform, and its distribution among firms’ stakeholders. Our results show that after the reform (i) the economic value created by productivity has substantially increased; (ii) technical change and change in the degree of vertical integration have been the main drivers of productivity change; (iii) the value transferred to consumers has decreased.

Suggested Citation

  • Pablo Arocena & Leticia Blázquez & Emili Grifell‐Tatjé, 2011. "Assessing the consequences of restructuring reforms on firms’ performance," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 14(1), pages 21-39.
    • Handle: RePEc:taf:jecprf:v:14:y:2011:i:1:p:21-39
    DOI: 10.1080/17487870.2011.538982
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