کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1000179 | 936964 | 2010 | 9 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The impact of governance structure on firm performance: An application to the German water distribution sector
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
مهندسی انرژی
انرژی (عمومی)
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
This paper investigates the impact of governance structure on firm performance (i.e., retail prices) using a database of 765 German water suppliers. Controlling for scale economies as well as technical and structural characteristics, we find that private sector participation is accompanied with higher retail prices. Furthermore, Eastern states on average feature higher prices mirroring significant investments during the past two decades as well as network over-dimension. Assuming that managers make strategic decisions (e.g., governance form) not randomly but rather decide based on expectations of how their choices affect future performance, we test for this self-selection applying a two-stage model.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Utilities Policy - Volume 18, Issue 3, September 2010, Pages 154-162
Journal: Utilities Policy - Volume 18, Issue 3, September 2010, Pages 154-162
نویسندگان
Sophia Ruester, Michael Zschille,