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

The Performance of State-Owned Enterprises and Newly Privatized Firms: Does Privatization Really Matter?

The views expressed in this paper are those of the author and do not necessarily reflect the views of the Arab Monetary Fund. Abstract While it is well documented that privatization leads to an improvement in the performance of state-owned enterprises (SOEs) following divestiture, it is argued that many of these studies do not consider the performance of control firms of similar pre-privatizati...

International Benchmarking of Electricity Distribution Utilities

Benchmarking by means of applying the DEA model is appearing as an interesting alternative for regulators under the new regimes for electricity distributors. A sample of large electricity distribution utilities from Denmark, Finland, Norway, Sweden and the Netherlands for the year 1997 is studied by assuming a common production frontier for all countries. The peers supporting the benchmark fron...

Company Performance in Ukraine: What Determines Success?

2-ABSTRACT – This paper examines empirically the short run responsiveness of company performance to ownership and market structures, sector and regional specificity, and varying degrees of soft budget constraints. For a cross-sectional data set of Ukrainian firms, the paper provides evidence that post-privatization governance systems impact significantly on efficiency, notwithstanding the influ...

Benchmarking and Incentive Regulation of Quality of Service: an Application to the UK Electricity Distribution Utilities

Quality of service has emerged as an important issue in post-reform regulation of electricity distribution networks. Regulators have employed partial incentive schemes to promote cost saving, investment efficiency, and service quality. This paper presents a quality-incorporated benchmarking study of the electricity distribution utilities in the UK between 1991/92 and 1998/99. We calculate techn...

Eff Regulation and Measuring Cost iciency with Panel Data Models: Application to Electricity Distribution Utilities