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| Main Author: | |
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| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidade de São Paulo
2020
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| Online Access: | https://www.redalyc.org/articulo.oa?id=553863219005 https://www.redalyc.org/journal/5538/553863219005/ https://www.redalyc.org/journal/5538/553863219005/html/ https://www.redalyc.org/journal/5538/553863219005/553863219005.epub https://www.redalyc.org/journal/5538/553863219005/movil https://doi.org/10.1108/RAUSP-11-2018-0123 |
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Table of Contents:
- Efficiency of electricity distribution companies Diego Rodrigues Boente Paulo Roberto B. Lustosa Administración y Contabilidad Efficiency Electrical sector Structural equation modeling Purpose: After assessing papers on efficiency, most of the studies available are focused on the analysis of efficiency measures, without providing a deep discussion of the factors that determine efficiency. This study aims to evaluate the efficiency of Brazilian electricity distribution companies based on a structural model that enables the identification of a network of relationships among representative variables that contribute to efficiency. Design/methodology/approachStructural equation modeling was applied in a sample of 62 electricity distribution companies operating in Brazil, forming a balanced panel from 2010 to 2014. Then, the authors verified the model compliance according to the empirical evidence of the entities analyzed. This verification included a survey of the variables, which was supported by theoretical references related to the phenomenon studied. The data collected were statistically treated, and benchmarking models and multivariate techniques were used. Once the adjustments were made, the re-specified model was estimated using the maximum likelihood method.FindingsThe empirical model reached good adjustment rates. The analysis concluded that the constructs information system, structural system, management system and sociocultural system affect efficiency. Originality/valueThis study adds to several other papers, and this is one of its main contributions. Relationships among the constructs have been systematized according to literature in the form of a structural model, which will enable future researchers to have a reference frame of relevant studies and a research foundation in this area of knowledge. A third contribution is the model tested in a sample of Brazilian electricity distribution companies, whose results can be compared to other utility sectors (e.g. telecommunications) or to other countries' electrical sectors, thus providing an empirical basis for the proposed hypotheses. Finally, this study also offers a contribution to the Brazilian Electrical Energy Agency (Aneel, in Portuguese), a regulatory agency, providing mechanisms to guide tariff adjustments, seeking a balance between costs and the need for investments allied to tariff affordability. 2020 artículo científico 2531-0488 https://www.redalyc.org/articulo.oa?id=553863219005 https://www.redalyc.org/journal/5538/553863219005/ https://www.redalyc.org/journal/5538/553863219005/html/ https://www.redalyc.org/journal/5538/553863219005/553863219005.epub https://www.redalyc.org/journal/5538/553863219005/movil https://doi.org/10.1108/RAUSP-11-2018-0123 en http://www.redalyc.org/revista.oa?id=5538 RAUSP Management Journal application/pdf Universidade de São Paulo RAUSP Management Journal (Brasil) Num.2 Vol.55