Restructuring State Owned Power Utilities: Qualitative Observations from an Indian Experience

Links between role and organizational citizenship behaviour (OCB) were already signalled in early studies. However, empirical validation on the relation between the two is still unavailable. Inspired by the theory of social exchange, this study explores the relation between role clarity and OCB’s dimensions in the Indian power sector. To further the analysis, the relation was moderated with tenure levels. This study is based upon the responses gathered from 300 Indian executives. Higher statistical tools, such as Bonferroni method, path analysis and subgroup analyses, are deployed with help of multiple group confirmatory factor analysis (MGCFA) to record the validated results. A significant relationship was found between role clarity and OCB dimensions. While, OCB dimensions recorded mixed results across tenure stages, they showed a general trend of increased score on higher tenure stage with role clarity as independent variable. Also, public organizations scored better than the private organizations on role clarity–OCB dimensions relationship. Findings along with implications and future scope are discussed in this article.

Section: Introductionmentioning

confidence: 99%

Role Clarity and Organizational Citizenship Behaviour: Does Tenure Matter? A Study on Indian Power Sector

Yadav

Rangnekar

2016

“…Proponents of fair value accounting maintain that fair values for assets or liabilities echo current market conditions, and hence provide timely information, thereby increasing transparency (Palea, 2014). It has been used to realize a more realistic value for past investments (Rajan, 2002). Reporting the fixed assets at fair value is however costly than reporting at historical cost.…”

Section: Introductionmentioning

confidence: 99%

Motives for Reporting Fixed Assets at Revalued Amount: Evidence from a Developing Economy

Nijam

2018

The purpose of this study is to examine firms’ motives for reporting fixed assets at revalued amount. The study analysed 30 manufacturing firms listed in Colombo Stock Exchange (CSE) for a period of two years from 2012 to 2013, employing Mann–Whitney U test and bivariate and multivariate logistic regression. It is found that manufacturing firms tend to report their property, plant and equipment (PP&E) at revalued amount, when land and building dominates their fixed assets, and firms whose PP&E is dominated by plant and machinery are inclined towards reporting fixed assets at historical cost. However, all such other factors investigated as firm size, carrying amount of PP&E ( ppe), intensity of PP&E ( ippe), returns on total assets ( roa) and return on equity ( roe) fail to explain the accounting choice between cost and revaluation models. The probability for a revaluation to occur, on the other hand, is found to be significantly and positively associated to financial leverage, indicating that highly levered manufacturing firms tend to revalue their assets, may be with the expectation of creating possibilities for additional borrowing. Further, no other variables investigated associate with the probability for a revaluation to occur, though prior researches support such association. Findings reveal that fixed assets revaluation motives may be characterized by the nature of fixed assets and their market dynamics characterized by the nature of economy in which firms operate. Findings also suggest that fair value accounting is relevant to manufacturers with high levels of land and building within their asset structure. Fixed assets revaluation motives may differ across countries which should accordingly be valued by financial analyst and investors. Future research should focus on value relevance of revaluation decision of firms in developing countries. Revaluation decisions should be analysed as first-time revaluation and frequency of subsequent revaluations. This is the first study in Sri Lanka reporting the evidence for fixed asset revaluation motives.

“…Rajan (2002) reports that quite a few countries globally are implementing reforms and restructuring in the electricity supply industry to ensure sound financial and operational performance. In the context of Ghana, Aryeetey and Ahene (2005) note that, over the years, the Electricity Company of Ghana (ECG) has also undertaken several reforms initiatives including restructuring and corporatization.…”

Section: Introductionmentioning

confidence: 99%

Payment Behaviour of Electricity Consumers: Evidence from the Greater Accra Region of Ghana

Sualihu

Rahman

2014

Electricity companies are typically businesses with significant credit sales. However, timely payment of bills on the part of customers, which is supposedly the most reliable source of cash flows for these utilities, has been generally very poor especially in the context of much of the developing world. The aim of the study is to identify a set of organizational and behavioural factors that influences the bill payment behaviour of customers of the Electricity Company of Ghana. Based on a survey of households in the Greater Accra Region of Ghana, our empirical analysis suggests that electricity utilities must work towards reducing the transaction time of customers at the bill collection centres and improving upon the quality of service and customer satisfaction in order to curtail customer bill payment period. These findings are robust to the influence of potentially extreme data points in our sample. We provide detailed discussion and policy implications of our findings.