An Analysis of The Impact Unnamed Owners on Public Utilities

2021 ◽  
Vol 25 (1) ◽  
pp. 35-57
Author(s):  
Dong-Ju Oh ◽  
Hee-Soon Jang
Keyword(s):  
Public Utilities ◽  
The Impact

Constitutional Barriers and the Privatization of Public Utilities in Rich Democracies

2011 ◽  
Vol 7 (1) ◽  
Author(s):  
Carina Schmitt ◽  
Herbert Obinger
Keyword(s):  
Oecd Countries ◽  
Public Utilities ◽  
The Impact ◽  
Privatization Of Public Utilities ◽  
Cross National

This paper examines the impact of constitutional barriers on the privatization of public utilities in 21 OECD-countries between 1980 and 2008. We present new and improved indicators for privatization and constitutional barriers. Three empirical findings stand out: first, national privatization trajectories differ across both countries and sectors. Second, there is a significant cross-national variation in terms of constitutional provisions related to public utilities which, thirdly, constitute important impediments to privatization.

scholarly journals Digitalization of the housing and communal services: development prospects

2021 ◽  
Vol 263 ◽  
pp. 04037
Author(s):  
Ekaterina Dmitrieva
Keyword(s):  
Digital Technologies ◽  
Public Utilities ◽  
Services Sector ◽  
The Public ◽  
Organization And Management ◽  
Scientific Analysis ◽  
Smart Technologies ◽  
Active Implementation ◽  
The Impact

The subject of the research is to study the impact of modern digital technologies on the organization and management of public utilities within the framework of the concept of “smart HCS”, which ensures optimization of municipal budgets, reducing the costs of homeowners for the maintenance of real estate, and, as a result, improving the quality of life of citizens. The purpose of the study is to identify promising areas of digitalization of the housing and communal services sector (hereinafter referred to as HCS), creating comfortable and safe living conditions for citizens using smart technologies adapted to the “smart city” concept. In the course of the study, the methods of scientific analysis were used, including methods of analogies for generalization and comparative analysis of the digitalization of such areas as the “smart” housing sector and the “smart” utility sector. The result of the study is to highlight the most promising areas of digital transformation of the public utilities sector and the positive effect that can be obtained for each participant in this business process. As a conclusion, it should be noted that the active implementation of the concept of “smart HCS” will help in solving such problems as increasing the readiness of management companies and resource supplying organizations to use digital technologies for high-quality provision of public services to the population, intensifying work on the formation of a unified information environment for control and supervision in the field of HCS through the further development of SIS HCS, etc.

scholarly journals The Impact of Tourism on Sustainable Development of Rural Areas: Evidence from Romania

2018 ◽  
Vol 10 (10) ◽  
pp. 3529 ◽  
Author(s):  
Bogdan-Constantin Ibănescu ◽  
Oana Stoleriu ◽  
Alina Munteanu ◽  
Corneliu Iațu
Keyword(s):  
Sustainable Development ◽  
Rural Areas ◽  
Rural Tourism ◽  
Public Utilities ◽  
Economic Sustainability ◽  
Policy Makers ◽  
The Sustainable Development ◽  
The Impact ◽  
Composite Indexes ◽  
Positive Effect

Rural tourism has been seen during the last decades as a means for economic development of sensitive localities, especially in rural areas. However, little research has been conducted on the sustainability of the development induced by tourism activities in rural areas, and even so, with contradictory results. Our paper investigated how tourism impacted on the sustainable development of rural localities, focusing on three composite indexes: demographic stability, public utilities, and socio-economic sustainability. Mann–Whitney U test was used to determine the differences on each of the above-mentioned indexes between the rural localities with tourist arrivals and those without. The results showed that there is a significant positive effect of tourism on rural areas translated into higher values of all the indexes analyzed. This study brings valuable contributions to both academics and policy-makers: on one hand, it provides new insights into the impact of tourism activities; on the other hand, it offers valuable information to decisional actors regarding development strategies.

Commercial Arrangements for Co-Generation in the UK and USA

1987 ◽  
Vol 201 (4) ◽  
pp. 259-265
Author(s):  
D L Tolley ◽  
G J Fowler
Keyword(s):  
United States ◽  
United Kingdom ◽  
The United States ◽  
Combined Heat And Power ◽  
Public Utilities ◽  
The Public ◽  
Regulatory Policies ◽  
The United Kingdom ◽  
The Uk ◽  
The Impact

This paper examines the impact of the Public Utilities Regulatory Policies Act (PURPA) in the United States and the Energy Act 1983 in the United Kingdom on the nature of the purchase tariffs for co-generators and combined heat and power (CHP) plant, and considers the reasons why the prospects for investment by private generators might be enhanced in the United States.

The Nature and Functions of the State

2005 ◽  
Author(s):  
Michael Taggart
Keyword(s):  
Safety Net ◽  
The State ◽  
Public Utilities ◽  
Standard Of Living ◽  
Budget Deficits ◽  
The Public ◽  
Public Sector Reforms ◽  
The Uk ◽  
Developed World ◽  
The Impact

For much of last century it was taken for granted in many countries that it was the duty of the State to care for its citizens ‘from cradle to grave’: to provide education, pensions, medical services, and public utilities, and to hold out a safety net for the less fortunate so that they had food, shelter, and the other necessaries of life. Since the late 1970s, however, these functions of the State have been put in question by the worldwide march towards privatization. The privatization movement was said to be a response to budget deficits and mounting public debt, perceived inefficiencies in government operations, and a loss of faith in the ability of governments in the developed world to meet the expectations of their citizenry of an ever-increasing standard of living. This article discusses the influence of economic theory on the privatization movement; the impact of changes in the economy (namely, the privatization movement) on law, particularly legal scholarship; the meaning of privatization; the public/private law divide; and privatization in the UK; corporatization and public sector reforms; deregulation; and contracting out.

A Research Methodology To Measure The Profitability Of Regulated Public Utilities

2011 ◽  
Vol 4 (3) ◽  
pp. 21
Author(s):  
M. T. Vaziri
Keyword(s):  
Research Methodology ◽  
Turnover Rate ◽  
Statistical Analyses ◽  
Public Utilities ◽  
Profit Margins ◽  
Regulatory Climate ◽  
Regulated Firms ◽  
Regulatory Impact ◽  
Asset Turnover ◽  
The Impact

The study focuses on examining the impact of regulatory climate, among other things, upon the regulated firms profitability measurement and development of a statistical analyses and procedures to measure correctly such regulatory impact. The discussion of analytical results was grouped into three clusters to include comparison between deregulated and regulated industry. The clearest finding was profit margins declined when an industry was deregulated, and other element of the theory, such as changes in asset turnover rate and equity multiplier were not supported by the results.

scholarly journals Public Service Motivation through Responsibility and Reward and Punishment and Its Impact on Discipline of Regional Secretariat Employees

2021 ◽  
Author(s):  
M Chairul Basrun Umanailo
Keyword(s):  
Public Service ◽  
Public Services ◽  
The Other ◽  
Public Utilities ◽  
Test Analysis ◽  
The Public ◽  
Staff Members ◽  
The Impact ◽  
The Relationship ◽  
Stimulation Of

This analysis aims to examine the impact of transparency, compensation, and punishment on the discipline and morale of public services at the Regional Secretariat of the Mamuju district. This study was undertaken using a quantitative approach to describe the location of the variables measured and the relationship between one variable and the other. The population of this sample was 467 staff members of the District Secretariat of Mamuju. Determine the representative sample size of 83 individuals to consider using the Slovene formula. Path mapping is the method used for the test analysis. The findings revealed that transparency has a substantive and essential impact on the public service motivations of the Mamuju District Secretariat. Remuneration and punishment have a positive and significant influence on public services' stimulation at the Mamuju District Secretariat. Specific duties have a positive and significant impact on the discipline of the office. The Mamuju District Secretariat, remuneration, and penalties have, in part, a positive and significant effect on the domain of the Mamuju Regency Office, and the stimulation of public utilities has a positive and significant impact on it.

scholarly journals The Impact of Market Structure on Wages, Fringe Benefits, and Turnover

ILR Review ◽  
1983 ◽  
Vol 36 (2) ◽  
pp. 239-250 ◽  
Author(s):  
James E. Long ◽  
Albert N. Link
Keyword(s):  
Market Structure ◽  
Government Regulation ◽  
Product Market ◽  
Public Utilities ◽  
Labor Turnover ◽  
Dummy Variables ◽  
Labor Compensation ◽  
Wage Premiums ◽  
The Impact ◽  
The Relationship

This paper examines the relationship between labor compensation and the structure of the product market, which is measured by the industry concentration ratio and by dummy variables for the existence and type of government regulation. Unlike previous studies that have estimated the impact of concentration and regulation on wages or earnings, this study extends the analysis to include the effect of market structure on employer-provided pensions and insurance and on voluntary labor turnover. The hypothesis that product market power raises labor compensation is supported by empirical results indicating that concentration increases wages and fringes but lowers voluntary labor turnover. Regulations that set minimum prices and restrict entry raise labor compensation, since wage premiums due to regulation are not offset by lower pensions and insurance or higher turnover. Other forms of regulation, such as profit regulation in public utilities, are found to reduce labor compensation, as evidenced by higher turnover or lower wages and fringes, or both.

scholarly journals The impact of alternative assets on the performance of Brazilian private pension funds

2021 ◽  
Vol 32 (86) ◽  
pp. 314-330
Author(s):  
Francis Amim Flores ◽  
Carlos Heitor Campani ◽  
Raphael Moses Roquete
Keyword(s):  
Pension System ◽  
Hedge Fund ◽  
Pension Funds ◽  
Pension Plans ◽  
Public Utilities ◽  
Private Pension ◽  
Investment Funds ◽  
Fund Managers ◽  
Almost All ◽  
The Impact

ABSTRACT This article assesses the impact of alternative assets on the performance of Brazilian private pension funds. Few studies touch on this topic in Brazil and most only investigate the addition of alternative assets and their impact on the performance. The market of open private pension funds in Brazil has been growing rapidly in recent years and gaining much relevance, especially after the announcement of the reformulation of the Brazilian pension system. In 2018, the Free Benefit Generating Plan (PGBL) and the Free Benefit Generating Life (VGBL) represented more than 94% of total assets in their sector. The Brazilian specially constituted investment funds (FIEs) of PGBL and VGBL private pension plans are characterized by their dependence on fixed income assets. Brazil currently faces an unprecedent low interest rate scenario - which, following a worldwide panorama, seems to be set for a long time - and pension fund managers must search for alternative investments that aggregate both risk premia and diversification. The results of this study may support managers in this little-discussed matter. We compare the performance of FIEs without additional alternative assets versus the portfolio with alternative assets, adding a hedge fund index, an equity mutual funds index, a commodity index, an electric power index, a public utilities index, a gold index, and a real estate index. Several performance measures were used, considering Brazilian regulations and a rebalancing strategy. Our results showed that almost all alternative assets used in this study improved the performance of the Brazilian FIEs of PGBL and VGBL private pension plans, especially the public utilities index and the hedge fund index. Some even improved the portfolio tail risk.

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