Government's impact on the financial performance of electric service providers as both regulator and shareholder

Loch, Murialdo; Marcon, Rosilene; Silva, André Leonardo Pruner da; Xavier, Wlamir Gonçalves

doi:10.1016/j.jup.2018.09.007

Cited by 6 publications

(2 citation statements)

References 19 publications

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“…Thus, there often ignored in the decision-making process in the energy sector. Despite privatization and denationalization processes, the government is still considered a definitive stakeholder in the electric power industry, which is a highly regulated sector (Loch et al, 2018(Loch et al, , 2020Wang et al, 2019). Therefore, it is possible to consider latent stakeholders as a group of secondary stakeholders in relation to the organization's objectives and expectant and definitions as primary stakeholders.…”

Section: Definitive Stakeholdersmentioning

confidence: 99%

Stakeholder theory and actor‐network theory: The stakeholder engagement in energy transitions

2022

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The idea of sustainable development highlights the need to address economic, social, and environmental aspects to preserve the rights and needs of future generations. This paper proposes an association between stakeholder theory (ST) and Actor‐Network Theory (ANT) that can better explain the dynamics of actors in the energy sector, in the context of sociotechnical transitions to sustainability. By selectively examining the way in which different researchers perceive this subject, we intend to address how the engagement of the stakeholders can promote sociotechnical transitions in the energy sector trough the connection between ST and ANT. We aim to characterize the dynamics of stakeholder's engagement in sociotechnical transitions in the context of sustainability in the energy sector, trough the connection of the two theories. A narrative literature review was performed on scientific databases. The results showed that sociotechnical transitions in the energy sector require the involvement of multiple actors with different interests and that ST associated with ANT provides a good basis for research on this theme. The association of both theories highlights the importance of ST to enhance cooperation in the areas of clean energy research and technology, providing a theoretical tool for understanding the dynamics of transitions and its different pathways. For future studies, it is recommended to deepen the relationship between human and non‐human actors and their role as stakeholders.

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Section: Definitive Stakeholdersmentioning

confidence: 99%

Stakeholder theory and actor‐network theory: The stakeholder engagement in energy transitions

2022

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“…As detailed by Loch et al (2018), the Brazilian federal government justified the regulatory changes based on the possible reduction of energy costs for the final consumer. In this way, the government changed taxes and tariffs and set limits on dealers' profit margins in an attempt to preserve the sector's economic structure and protect jobs.…”

Section: Regulatory Frameworkmentioning

confidence: 99%

The Government as Shareholder and Principal-Principal Conflicts in the Brazilian Electric Power Industry

Loch¹,

Silva²,

Bueno³

et al. 2020

BBR

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Considering that principal-principal conflicts in companies under mixed public-private ownership are substantially different from the typical agency conflict model, this paper's objective is to analyze principal-principal conflicts in mixed ownership companies in the Brazilian electric power industry. In order to expand understanding of the phenomenon which we are studying, we have integrated the assumptions that underlie agency theory and institutional theory, using a qualitative approach and collecting data during semi structured interviews with companies' board members. Data was analyzed and interpreted as per Bardin (2006), with the aid of ATLAS®ti software. Our main findings suggest that while a government stake in a firm's ownership structure can provide a useful channel for the government to seek support and resources, in counterpoint, it can also create distortions and uncertainties, and exacerbate principal-principal conflicts. The development of stronger institutions and corporate governance could bring about useful options for providing checks and balances and, in the final analysis, mitigate principal-principal conflict. The article contributes to the literature by providing additional elements that are not available in public reports. Analysis of the conflict between principal and principal, together with theoretical integration, seek to broaden the understanding of this theme.

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Determinants of the economic performance of Brazilian electricity distributors

et al. 2021

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Government's impact on the financial performance of electric service providers as both regulator and shareholder

Cited by 6 publications

References 19 publications

Stakeholder theory and actor‐network theory: The stakeholder engagement in energy transitions

Stakeholder theory and actor‐network theory: The stakeholder engagement in energy transitions

The Government as Shareholder and Principal-Principal Conflicts in the Brazilian Electric Power Industry

Determinants of the economic performance of Brazilian electricity distributors

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