scholarly journals Estimating Sector-Specific Data of the Electric Power Industry to Analyze the Effect of the Liberalization: The Case of Japan

2020 ◽  
Author(s):  
Yasunobu Wakashiro

Abstract Input-output tables are employed to analyze the liberalization of electricity industries around the world. However, the input-output tables do not have sectoral data of the electricity industry in many countries. Electricity industries that consist of an electricity generation, transmission, and retail (and/or distribution) sector have experienced the different degrees of liberalization; the generation and retail sector have experienced liberalization in many countries or regions, while the transmission sector has not faced liberalization. In this study, we estimate the sectoral data of the electricity industry in an input-output table by using annual reports of the electric power companies and also defined the relationship among the sectors. Finally, we find that the data which are analyzed by previous methods can distort policy decisions and that especially the definition of the sectors' intersection in the industry is critical.Category & Number: 5. Industrial Organization and Structural PolicyJEL Classification: C32, C33, Q41, Q48


Author(s):  
L. Hrytsenko ◽  
О. Zakharkin ◽  
N. Dekhtyar ◽  
K. Shamkalo

Abstract. In the current conditions investment is an important basis for the development of many levels of the economic system and can be considered as a driver of country`s economic development. They are necessary to increase the production rate, modernize the economic complex, diversify the economy. Assessment of investment attractiveness is considered as an important means of optimal achievement of investment goals, which ensures the performance of the function of investment management mechanism. The investment attractiveness of an individual country, region, industry or enterprise is an important guideline for the investor in the issue of deciding on capital investment. In the current conditions of globalization of the economy in assessing the investment attractiveness of the country is becoming increasingly important image of the country in the international arena, its position in the leading rankings, the experience of other investors in the country. The article considers the essence of the concept of “investment attractiveness” and offers its own author's definition of this concept. Describe the methodological approaches to assessing investment attractiveness at different levels of the economic hierarchy. The relationship between the definitions of investment attractiveness, climate, potential, risk and activity has been studied. A macroeconomic analysis of the dynamics of Ukraine's position in the light of international ratings and indices is held. Organizations and ratings that assess the investment attractiveness of the state are presented. Methods of ratings of investment attractiveness of countries are substantiated. A comprehensive assessment of Ukraine's investment attractiveness in recent years has been made. The factors that lead to changes in the transformation processes in the country, the aggravation of the general economic situation, the shortage of domestic financial resources and the problem of attracting foreign investment, which in turn hinder the increase of investment attractiveness of Ukraine are considered. Recommendations for improving the investment attractiveness of Ukraine in modern conditions are given. Key words: investments, investment attractiveness, international ratings and indices, investment activity, investment climate, investment potential, investment risk. JEL Classification E22, F21, O11 Formulas: 0; fig.: 1; tabl.: 2; bibl.:31.



Author(s):  
Zainab Aman ◽  
Norman Mohd SALEH ◽  
Zaleha Abdul SHUKOR ◽  
Romlah JAFFAR

Objective - The objective of this paper is to investigate the relationship between family ownership and corporate sustainability reporting to determine how the role of board independence affects the relationship between those variables within Malaysian listed companies. Methodology/Technique – The annual reports of 771 listed companies from 2014 to 2016 were analyzed using content analysis methods. The study uses agency theory to develop the hypotheses. Findings - The study found that family ownership is negatively related to corporate sustainability reporting. The finding shows that independent directors are unable to influence the relationship between family ownership and corporate sustainability reporting. The findings of this study are expected to provide insight to authorities in relation to the factors that could enhance corporate sustainability reporting primarily in family-owned companies. Novelty - Previous studies have only focused on environmental and social dimensions of corporate sustainability, whilst this study addresses all the 3 dimensions of sustainability (economic, environmental, and social). This paper is one of the first attempts to investigate the roles of board independence on the relationship between family ownership and corporate sustainability reporting in Malaysia. Type of Paper: Empirical. JEL Classification: M14, M41. Keywords: Sustainability Reporting; Family Ownership; Corporate Governance; Independent Director Reference to this paper should be made as follows: Aman, Z; Saleh, N; Shukur, Z.A; Jaafar, R. (2021). The Moderating Effect of Board Independence on the Relationship between Family Ownership and Corporate Sustainability Reporting in Malaysia, Accounting and Finance Review, 5(4): 31 – 43. https://doi.org/10.35609/afr.2021.5.4(4)



Author(s):  
Firend Al. R. ◽  
Wang Qian

Objective - This research explores the changing mechanism in the relationship between retailers and consumers whereby consumers face higher-prices due to inflation while their earnings, and thereby their disposal income, does not simultaneously increase. Methodology/Technique - An examination is conducted on the use of loyalty cards in the Malaysian retail sector to determine whether Asian consumers are enticed by the use of loyalty programs, which can be seen as an attempt to save money when making purchases. Findings - The findings suggest that loyalty programs will expand in the future to include other offerings as they gain momentum and popularity. This research concludes that Malaysian consumers, like most of Southeast Asian consumers, are price adverse, and hence will take opportunities to save money when making purchases. Novelty - The findings of this research can be generalized to the Southeast Asian region due to the similarity of consumption and national characteristics between Malaysian and Southeast Asian consumers. Type of Paper: Empirical. Keywords: Marketing; Strategy; Incentives; Services; Retail; Loyalty, Asia. JEL Classification: M30. M31. M39



Author(s):  
Yanan Liu ◽  
Yixuan Gao ◽  
Yu Hao ◽  
Hua Liao

There are many uncertainties and risks in residential electricity consumption during the economic development. Knowledge of the relationship between residential electricity consumption and its key determinant—income—are important to the sustainable development of electric power industry. Using panel data from 30 provinces for the 1995-2012 period, this study investigates how residential electricity consumption changes as incomes increase in China. Previous studies typically used linear or quadratic double-logarithmic models imposing ex ante restrictions on the indistinct relationship between residential electricity consumption and income. Contrary to those models, we employed a reduced piecewise linear model that is self-adaptive and highly flexible and circumvents the problem of “prior restrictions.” Robust tests of different segment specifications and regression methods are performed to ensure the conservatism of the research. The results provide strong evidence that the income elasticity was approximately one, and it remained stable throughout the estimation period. The income threshold at which residential electricity consumption automatically remains stable or slows has not been reached. To ensure the sustainable development of the electric power industry, introducing higher energy efficiency standards for electrical appliances and improving income levels are vital. And government should emphasize electricity conservation in industrial sector rather than in residential sector.



2021 ◽  
Vol 3 (2) ◽  
pp. 77
Author(s):  
Indraguna Kusumabrata

<p class="Affiliation"><em>Disclosure of financial statements is one of the most important measurements for a sustainable company. This study will examine the effect of IFRS implementation on the gray profitability index and the portion of public share ownership on the disclosure of financial statements with the audit committee as a moderating variable. This study uses a quantitative research model and uses second</em><em>ary</em><em> data. The data in this study used data analysis methods, namely Moderating Regression Analysis (MRA) with IBM SPSS software and Microsoft Excel program as a testing support system, with data analysis techniques presented in the form of a classic assumption test and R2, F</em><em> </em><em>test and T test. The population in this study were all property and real estate companies that consistently had complete financial and annual reports for 2018 to 2019. This study used a sampling technique, namely purposive sampling and obtained 32 companies according to the classified criteria. The results indicated that the gray profitability index had no effect on the disclosure of financial statements, as well as the addition of the audit committee as a moderator did not strengthen the relationship to the disclosure of financial statements. Furthermore, the variable share of public ownership has a positive and significant effect on the disclosure of financial statements, as well as the moderation of the audit committee which further strengthens the relationship with the disclosure of financial statements. </em></p><p class="Affiliation"><em> </em></p><p class="Affiliation"><strong><em>Kata Kunci: Gray Profitability Index, </em></strong><strong><em>Public ownership</em></strong><strong><em>, </em></strong><strong><em>Disclosure of financial statements</em></strong><strong><em>, </em></strong><strong><em>and Audit Committee</em></strong><strong><em>.</em></strong></p><p align="left"> </p><p align="left"> </p><p align="left"><strong> </strong></p><p align="left"><strong>JEL Classification: G32, M41</strong><strong></strong></p>



Information ◽  
2021 ◽  
Vol 12 (6) ◽  
pp. 243
Author(s):  
Dan Lu ◽  
Changqing Xu ◽  
Chuanmin Mi ◽  
Yijing Wang ◽  
Xiangmin Xu ◽  
...  

Based on actual safety management difficulties and needs, this paper aims to screen and extract the key accident potential factors of personal injuries and deaths within the electric power industry to provide a reference for electric power companies’ accident prevention effort. First, this document sorts out and analyzes all of the causes and influencing elements that may lead to the occurrence of electric personal injuries and deaths, based on which rough accident potential factors are initially identified and combined with the definition of accident potentials. Second, this paper mines and analyzes relevant accident report texts using text-mining technologies such as term count, word cloud, and term frequency–inverse document frequency (TF-IDF), and thus a system of key accident potential factors for personal injuries and deaths within the electric power industry, including three key factors (human, material, and management), is finally constructed. Workers’ habitual violation behavior, in particular, has a larger risk than other key accident potential components, implying that additional steps should be made to eradicate this type of critical accident potential in time.



2012 ◽  
Vol 2 ◽  
Author(s):  
Denis Volkov

Iran’s nuclear activities are prominent in today’s media reports. But few reports focus on the relationship between nuclear power and Iran’s energy needs. The Iranian government claims that nuclear technologies are vital for the national electric power industry and therefore for the country’s economy as a whole. It is common knowledge that the electric power industry is one of the main pillars of every country’s economy, directly influencing both state viability and national security. A state’s ability to provide and maintain the necessary amount of electricity production is vitally important. So, does Iran really, to such an extent, need nuclear power? My research shows that at the moment, and in the next ten years at least, the production of electricity using nuclear energy will secure an insignificant place in the energy basket of Iran.



Author(s):  
Steven G. Rudolph

The Electric Power Industry has begun an unprecedented transformation caused by changes in regulation, generation and utilization technology. These changes will forever change the way consumers purchase electricity. The Electric Power industry is the most capital intensive industry in the world. As such, it has also traditionally been the most regulated industry. Pricing and regulatory pressures have begun a process that will dissect the industry and greatly complicate the relationship between the electric supplier and the electric user. This paper will endeavor to outline how we got here and where the industry is moving with these changes. Paper published with permission.



Sign in / Sign up

Export Citation Format

Share Document