| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Profit, Productivity and Price Performance Changes in The English and Welsh Water and Sewerage Companies |
| Alexandros Maziotis; David S. Saal; Emmanuel Thanassoulis
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| 发表日期 | 2012
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2012
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| 语种 | 英语
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| 摘要 | The purpose of this paper is to assess the impact of regulation in the financial performance of the Water and Sewerage companies (WaSCs) in England and Wales. We apply a panel index approach across WaSCs over time to decompose unit-specific (temporal) index number based profitability growth as a function of the profitability, productivity and price performance growth achieved by benchmark firms, and the catch-up to the benchmark firm achieved by less productive firms. The results indicated that the steady decline in average price performance, gains in productivity and relatively stable economic profitability after 2000, suggest that Ofwat is now more focused on passing productivity benefits to consumers, and maintaining stable profitability than it was in earlier regulatory periods. This technique is of great interest for regulators to evaluate the effectiveness of regulation and companies to identify the determinants of profit change and improve future performance, even if sample sizes are limited. |
| 特色分类 | Q5
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| 关键词 | Profit Decomposition
Productivity
Price Performance
Panel Index Numbers
Regulation
Water and Sewerage Industry
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/profit-productivity-and-price-performance-changes-in-the-english-and-welsh-water-and-sewerage-companies/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118023
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推荐引用方式
GB/T 7714 |
Alexandros Maziotis,David S. Saal,Emmanuel Thanassoulis. Profit, Productivity and Price Performance Changes in The English and Welsh Water and Sewerage Companies. 2012.
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20121119927141Nota_di_Lavoro.jpg
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JPEG
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20121119927464NDL2012-084.pdf
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Adobe PDF
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