气候变化领域集成服务门户(CCPortal): Impact of corporate governance norms on the performance of Indian utilities

CCPortal

DOI	10.1016/j.enpol.2020.111414
	Impact of corporate governance norms on the performance of Indian utilities
	Srivastava G.; Kathuria V.
发表日期	2020
ISSN	03014215
卷号	140
英文摘要	This paper investigates the role of corporate governance (CG) on the financial and operational (technical-cum-commercial) performance of India utilities. The Indian power sector, in the past, was mainly driven by electoral and political considerations that led to an unsustainable level of performance. The Indian Electricity Act 2003, brought a common framework of reforms at the national level. After more than fifteen years of reforms, results at the distribution end are still mixed. We argue that the ‘external causes' unleashed from the reform process should be a catalyst to more significant internal management changes. To quantify these changes, we compute the CG index and then employ data of 48 power utilities from 19 Indian states for the year 2016-17 to see the impact of this index on their performance. We find a positive relationship between the CG index and the performance of the utilities. An important policy implication is that improvement in CG is worth pursuing even in utilities where arm's length between government and the utility is not possible, as the government is the owner of these utilities. © 2020 Elsevier Ltd
关键词	AT&C losses Corporate governance Price-cost margin Privatization Reforms
英文关键词	Privatization; Public policy; Corporate governance; External cause; Indian electricity act 2003; Indian power sectors; National level; Policy implications; Price-cost margin; Reforms; Industrial management; corporate strategy; electricity industry; governance approach; industrial performance; price dynamics; privatization; reform process; state owned enterprise; India
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204869
作者单位	SJM School of Management, Indian Institute of Technology (IIT) Bombay, Mumbai, 400076, India
推荐引用方式 GB/T 7714	Srivastava G.,Kathuria V.. Impact of corporate governance norms on the performance of Indian utilities[J],2020,140.
APA	Srivastava G.,&Kathuria V..(2020).Impact of corporate governance norms on the performance of Indian utilities.Energy Policy,140.
MLA	Srivastava G.,et al."Impact of corporate governance norms on the performance of Indian utilities".Energy Policy 140(2020).