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Assessing the consequences of restructuring reforms on firms' performance

Author

Listed:
  • Pablo Arocena
  • Leticia Blazquez
  • Emili Grifell-Tatje

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 Blazquez & Emili Grifell-Tatje, 2011. "Assessing the consequences of restructuring reforms on firms' performance," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 14(1), pages 21-39.
  • Handle: RePEc:taf:jpolrf:v:14:y:2011:i:1:p:21-39
    DOI: 10.1080/17487870.2011.538982
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    Citations

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    Cited by:

    1. Hudon, Marek & Périlleux, Anaïs, 2014. "Surplus distribution and characteristics of social enterprises: Evidence from microfinance," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(2), pages 147-157.
    2. Blázquez, Leticia & Boogen, Nina & Filippini, Massimo, 2013. "Residential electricity demand in Spain: New empirical evidence using aggregate data," Energy Economics, Elsevier, vol. 36(C), pages 648-657.

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