Redesigning Public Utilities: the Key Role of Micro-institutions

Author(s):  
Claude Ménard
Keyword(s):  
Author(s):  
Najla Ibrahim Abdulrahman, Fatimah Ibrahim Alkhamis

This study aimed to find out the role of financial analysis using financial models to predict the financial stumble on the Saudi public utilities sector. The study was based on the financial analysis of the financial lists published by the sample of the study of the Gas and Manufacturing Company (Gasco) and the Saudi Electricity Company listed in the Saudi Capital Market Authority. During the period (2009-2018) I followed the descriptive analytical approach. The study found the effectiveness of the Abdul Rahman model to predict the financial stumble on the public utilities sector, and the low effectiveness of the Altman model and the Kida model to predict financial stumbles on the utility sector. The study also recommended encouraging audit offices to add financial analysis services to the possibility of predicting and addressing financial stumbles, directing companies using financial models that help predict financial stumbles, encouraging investors to use financial models that help predict financial stumbles to make the right decision, and directing researchers in the study of financial default forecasting on the insurance sector using the Abdul Rahman model.


2013 ◽  
Vol 83 ◽  
pp. 711-716
Author(s):  
Gheorghe Claudiu Feies ◽  
Cristian Feies ◽  
Dorel Mates ◽  
Dumitru Cotlet

2005 ◽  
Vol 22 (1) ◽  
pp. 286-313 ◽  
Author(s):  
Richard A. Epstein

In Anarchy, State, and Utopia, Robert Nozick seeks to demonstrate that principles of justice in acquisition and transfer can be applied to justify the minimal state, and no state greater than the minimal state. That approach fails to acknowledge the critical role that forced exchanges play in overcoming a range of public goods and coordination problems. These ends are accomplished by taking property for which the owner is compensated in cash or in kind in an amount that leaves him better off (by his own lights) than before the transaction. Forced exchanges use coercion to form the state, but the just compensation requirement guards against redistribution state imposed redistribution for collateral purposes. Once these forced exchanges are allowed to form a state, then they may be used thereafter to justify the powers of taxation and eminent domain used to support infrastructure (roads, sewers, public utilities) that neither the minimal state nor private markets can supply.


2012 ◽  
Vol 4 (3) ◽  
pp. 327-359 ◽  
Author(s):  
Ingrid van Biezen ◽  
Gabriela Borz

This article investigates the ways in which political parties are codified in modern democratic constitutions, providing a unique cross-sectional and longitudinal overview of the patterns of party constitutionalization in post-war Europe. Although the constitutions of western liberal democracies traditionally have paid little attention to the role of parties, evidence suggests that in contemporary democracies, both old and new, they are increasingly accorded a formal constitutional status. Little is known, however, about the substantive content of their constitutional position or about the normative connotations of their constitutional codification. In this article, we demonstrate that there is a clear correlation between the nature and the intensity of party constitutionalization and the newness and historical experience of democracy and that, with time, the constitutional regulation of the extra-parliamentary organization and the parties’ rights and duties has gained in importance at the expense of their parliamentary and electoral roles. The analysis furthermore suggests that three distinct models of party constitutionalization can be identified – Defending Democracy, Parties in Public Office, and Parties as Public Utilities – each of which is related to a particular conception of party democracy.


2020 ◽  
Vol 217 ◽  
pp. 07009
Author(s):  
Elena Vasilyeva ◽  
Artem Nelyubov

The article is devoted to the problems of housing-and- communal services in the cities of Russia and their development in modern conditions. The research purpose was to give the theoretical justification as well as to develop some methodical recommendations on formation and implementation of the programmes of complex development of housing- and-communal services in the municipal units. The authors systematized the typical properties and specifics of housing-and-communal utilities, the role of the sector in preserving the environment, revealed the factors complicating their development significantly, carried out the analysis of the housing-and-communal sector condition and the sector’s needs for investments. According to the analysis results, the authors prove that modernization and improvement of housing-and-communal sector demands drawing up target programmes of complex development. In article Principles and stages of the development of the programmes of the improvement of the housing-and-communal utilities were offered, the directions, considered to be the most relevant, were pointed out. The authors recognize such consequence of the housing-and-communal utilities modernization as the increase of the utility tariffs and the need of assessment of the availability of housing-and-communal services for consumers. The authors offer the new indicator, namely, the share of the provided subsidies in the total amount of payments for premises and utilities, for the improvement of such assessment. The results of the research can be used by the practicians, forming target municipal development programmes of housing-and-public utilities development within the general strategies of the cities and regions development, aimed at the improvement of the population life quality and at the decrease in the environmental risks.


Ugol ◽  
2017 ◽  
pp. 92-94
Author(s):  
A.B. Kilin ◽  
◽  
G.N. Shapovalenko ◽  
А.Т. Lavrinenko ◽  
◽  
...  

2005 ◽  
Vol 19 (2) ◽  
pp. 447-506
Author(s):  
Raoul-P. Barbe

This paper presents a study as of July 1977, of statutory provisions, regulations and decisions which relate to the jurisdiction of the Quebec Public Service Board (Régie des services publics) and the law of municipal corporations in the field of public utilities. Among the topics covered are the following: the amendment of zoning by-laws prescribing the joint use of facilities by public utilities; disputes that arise when public utilities are required to use underground facilities; the role of municipal corporations in the provision of public utility services; and disputes between municipal corporations and public utilities.


1987 ◽  
Vol 19 (1) ◽  
pp. 41-67 ◽  
Author(s):  
Raul García Heras

By 1930 there were £435.1 million of British capital invested in Argentina, 62.3% of which was located in railway companies whose securities duly yielded reasonable annual profits. However, the onset of the Great Depression and the successful 1930 revolution brought this state of affairs to a standstill. Moreover, both events inaugurated years of growing difficulties for the British-owned railways and the British government, for whom these public utilities gradually turned into economic hostages and a potential source of conflict in Anglo-Argentine relations. On the one hand, the railways were slowly squeezed between rising operating costs and regulated tariffs while their net receipts dwindled becausé of the crisis. Furthermore, the companies began to experience the following: growing hostility from a local public opinion who resented their foreign ownership; the adverse effects of the Argentine nationalistic economic policies; and had to find suitable new courses of action to deal with government officials who were not wholly sympathetic to their interests. On the other hand, although Whitehall could not fail to consider that to some extent the railways were the backbone of Britain's economic stronghold in the Argentine, they also had other substantial trading, financial and shipping interests at stake in this highly profitable market. Therefore, the British government began to weigh carefully the role of these public utilities in British policy towards Argentina; the real prospects of a clash with Argentina if the railways' finances deteriorated too much and the Foreign Office intervened on their behalf; and whether their aspirations should be considered on the same standing as other British concerns in the Argentine.


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