Insolvency of Brazilian Electricity Distributors: A Dea Bootstrap Approach

Scalzer, Rodrigo Simonassi; Rodrigues, Adriano; Macedo, Marcelo Álvaro da Silva

doi:10.3846/20294913.2017.1318312

Cited by 6 publications

(7 citation statements)

References 56 publications

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“…Based on this study, the authors propose to conduct research on, for example, the digitisation and adoption of IFRS into national accounting systems, which is also addressed by Závodný and Procházka (2023). Another possible direction of research could be the impact of the accounting techniques used on the predictive ability of subsequent financial analyses (Scalzer et al 2018) or the impact of tax regulation on selected reporting items, for example, the impact of tax support of national economies on R&D (Černíková and Hyblerová 2021). The above studies by renowned authors provide inspiration for further issues that can be further addressed in the comparison of the Czech and Brazilian accounting and reporting systems.…”

Section: Discussionmentioning

confidence: 99%

The Clarity of Financial Reports in the Global Environment: A Comparative Study of Selected Issues in the Czech and Brazilian Accounting Systems

Malíková,

Begnor Bedra

2023

Liberec Economic Forum 2023

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The paper focuses on selected Czech and Brazilian financial accounting systems issues. These two systems have historically developed in quite different socio-economic conditions, but due to globalisation in recent decades, there has been a growing demand to harmonise the conditions for the creation of the content of financial information disclosed primarily by entities that are in the public interest. This paper aims to investigate to what extent similarities and differences can be identified in selected areas of financial accounting and reporting. Given the limited scope of the paper, the areas discussed are accounting regulation, and the form and structure of balance sheets of business entities. The objective was achieved by applying traditional scientific methods, namely by searching scientific and professional papers to obtain knowledge about the current level of knowledge in the field under study, as well as by describing the current state of accounting regulation in both countries and comparative analysis of the requirements placed on the balance sheet of entrepreneurs. The historical method was partly applied to obtain knowledge in the necessary historical context of the topic. The final discussion provides a synthesis of the knowledge gained on the identified similarities and differences in the above areas of financial accounting. The paper can be seen as unique, as it introduces the previously unpublished topic of comparability of the accounting systems of the Czech Republic and Brazil.

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Section: Discussionmentioning

confidence: 99%

The Clarity of Financial Reports in the Global Environment: A Comparative Study of Selected Issues in the Czech and Brazilian Accounting Systems

Malíková,

Begnor Bedra

2023

Liberec Economic Forum 2023

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“…Previous empirical research has explored the financial distress efficiency of firms. For illustration, Scalzer et al [16] analyzed which financial indicators can predict financial distress, considering a sample of sixty companies from the electricity sector. Additionally, Wanke et al [17] studied the Malaysian dual banking system's efficiency by assessing financial distress.…”

Section: Introductionmentioning

confidence: 99%

Do ESG Risk Scores Influence Financial Distress? Evidence from a Dynamic NDEA Approach

2023

Self Cite

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Financial distress is a research topic in finance that has attracted attention from academia following past financial crises. Although previous studies associate financial distress with several elements, the relationship between distress and ESG has not been broadly explored. This paper investigates these issues by elaborating a Dynamic Network DEA model to address the underlying connections between accounting and financial indicators. Thus, a model that includes profit and loss, balance sheet, and capital and operating expenditures indicators is demonstrated under the dynamic network structure to compute financial-distress efficiency scores. Then, the impact of carryovers is considered for the accurate calculation of efficiency scores for the three substructures. The influence of contextual variables, such as socioeconomic and macroeconomic variables, and whether the firm owns an ESG Risk Score or not, is assessed through a stochastic non-linear model that combines three distinct regression types: Simplex, Tobit, and Beta. The results indicate that firms that hold an ESG Risk Score are less prone to be in financial distress, and Governance Score is negatively associated with financial distress efficiency.

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“…Scalzer et al (2018), investigated the efficiency of financial and operational indicators that explain the insolvency of Brazilian electricity distributors, using a DEA model. In Stage 1 they used DEA and Stage 2 they developed a Bootstrap truncated regression (proposed by Simar and Wilson, 2007) with environmental variables.…”

Section: Introductionmentioning

confidence: 99%

Efficiency of the electricity sector in Mexico 2008-2015

Navarro-Chávez

Ortega

Díaz-Pulido

2020

IJESM

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Purpose The purpose of this paper is to determine the level of efficiency in the Mexico electricity industry during the 2008-2015 period. Design/methodology/approach A data envelopment analysis (DEA) network model is proposed, where technical efficiency is calculated. A factorial analysis using the principal components method was carried out first. Later, latent dimensions were calculated through the variance criterion and sedimentation graph, where four components were presented. After performing factor rotation, the nodes were grouped: generation, transmission, distribution and sales. It proceeded later to structure a DEA network model. Findings From the calculations made, the most efficient node was the transmission, while the North Gulf and East Center divisions were the only efficient. Research limitations/implications The limitations presented in this study were data collection. Practical implications The implications that were observed were that through the results obtained, proposals can be made to the Mexican electricity sector to improve each of the nodes, and have a better operation and reduce energy losses. Social implications The social impact of this type of study is that based on the results obtained, they present the basis for improving energy policy and users can have a better service that has better quality and coverage. Originality/value The originality of this study consists in the use of two methodologies, factor analysis methodology and DEA network model.

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Insolvency of Brazilian Electricity Distributors: A Dea Bootstrap Approach

Cited by 6 publications

References 56 publications

The Clarity of Financial Reports in the Global Environment: A Comparative Study of Selected Issues in the Czech and Brazilian Accounting Systems

The Clarity of Financial Reports in the Global Environment: A Comparative Study of Selected Issues in the Czech and Brazilian Accounting Systems

Do ESG Risk Scores Influence Financial Distress? Evidence from a Dynamic NDEA Approach

Efficiency of the electricity sector in Mexico 2008-2015

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