The relationship between the focus on innovation and economic efficiency: a study on Brazilian electric power distribution companies

Zorzo, Lucas Seffrin; Diehl, Carlos Alberto; Venturini, Janio; Zambon, Edson Pedro

doi:10.1016/j.rai.2017.03.011

Cited by 11 publications

(10 citation statements)

References 27 publications

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“…These variables include operating/operational expenses (Pinheiro, 2012;Zorzo et al, 2017), purchased power cost (Posadas & Cabanda, 2007), and total assets (Goto & Sueyoshi, 2011).…”

Section: Selection Of Variablesmentioning

confidence: 99%

Examining Epira and Its Effect on Technical and Operational Efficiencies of the Top Five Private Distribution Utilities in the Philippines: Sfa and Dea Approaches

Acebedo

Bool

Garcia

2020

HSSR

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Electric Industry. After two decades of EPIRA’s enactment, it is essential to assess where in the Distribution Sector, the reform’s trajectory has stalled. The study aimed to examine and assess the technical and operational efficiencies of the top five electric private distribution utilities (PDUs) in the Philippines under the regulatory policy. Methodology: This is a causal-comparative study using a panel data structure on technical and operational efficiencies of the top five PDUs in the Philippines from 1995 to 2014, employing quantitative measurement. This study used Data Envelopment Analysis (DEA) as the non-parametric test while Stochastic Frontier Analysis (SFA) as the parametric approach. Main Findings: Using the Stochastic Frontier Analysis (SFA) model showed that the implementation of EPIRA (post-EPIRA: 2001 to 2014) made the top five electric private distribution utilities in the Philippines more technically efficient in their operations than without the reform (pre-EPIRA: 1995 to 2000). It was also noted that PDUs with bigger franchise areas and older in existence were technically efficient in their operations than their smaller and younger PDUs counterpart, respectively. Applications: This study will enhance public awareness in the various assessment of regulatory policy arenas in PEI. Moreover, this study will also render useful insights into the management of DUs in the Philippines. Novelty/Originality of this study: An up-to-date empirical analysis of the situation to substantiate the claim of the reform’s efficiency in the Philippines is lacking in the literature. This paper is thus providing a comprehensive theoretical debate by examining some indications of EPIRA's efficiency in the Distribution Sector in the Philippines.

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“…These variables include operating/operational expenses (Pinheiro, 2012;Zorzo et al, 2017), purchased power cost (Posadas & Cabanda, 2007), and total assets (Goto & Sueyoshi, 2011).…”

Section: Selection Of Variablesmentioning

confidence: 99%

Examining Epira and Its Effect on Technical and Operational Efficiencies of the Top Five Private Distribution Utilities in the Philippines: Sfa and Dea Approaches

Acebedo

Bool

Garcia

2020

HSSR

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“…During the implementation of investment projects with the use of innovations, considerable difficulties appear [12], namely, the determination of project expenses and their planning, as well as the expediency of their effectiveness considering the influence of risk factors. It is proposed to predict and control the cost of a project and its predicted effectiveness at each stage of the project life cycle.…”

Section: Introductionmentioning

confidence: 99%

A methodological approach to the evaluation of the effectiveness of innovative projects

et al. 2020

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Ensuring the sustainable development of the economy depends to a large extent on the implementation of the innovative model, in which the innovation infrastructure plays a key role. The growing number of technoparks in Ukraine has increased the requirements for economic substantiations for decision-making regarding the expediency of implementing their innovative projects. The search for appropriate methods and approaches to project evaluation has determined the actuality of the research topic. The article summarizes the methods of evaluating innovative projects, identifies their advantages and disadvantages. Besides, it reveals the features of the evaluation of innovative projects of technoparks. The novelty of the work is the proposed methodological approach to the evaluation of the efficiency of innovative technopark projects, which takes into account the specifics of the Ukrainian legislation. The methodological approach is based on the generally accepted performance indicators in the world: Net Present Value, Profitability Index, Internal Rate of Return, and Payback Period. Special accounts of technology parks, their participants, and joint ventures are a separate element in the calculation formulas. The application of the proposed methodological approach will accelerate the process of selection of innovative projects and their implementation, activation of innovative activities, and the sustainable development of the state. The proposed methodological approach is tested in the evaluation of the innovative project of the technopark of the E. O. Paton Electric Welding Institute and confirmed the effectiveness of its implementation.

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“…Nesse sentido, com a regulação de incentivos, custos operacionais (OPEX) e custos de capital (CAPEX) podem estar relacionados à qualidade do fornecimento de energia, mas ainda não se tem uma congruência de resultados sobre o Brasil (ANDRADE; SUZART; MARTINS, 2014;CORTON;ZIMMERMANN;PHILLIPS, 2016;ZORZO et al, 2017). De forma geral, apesar dos esforços que o governo brasileiro empreendeu em alguns programas industriais de eficiência energética desde a década de 1980, os resultados obtidos ainda são limitados (SANTANA; BAJAY, 2016).…”

Section: Introductionunclassified

“…Corton, Zimmermann e Phillips (2016) sugerem que maiores interrupções de fornecimento de energia aumentam os custos operacionais das concessionárias, porém, não conseguiram confirmar essa hipótese ao estudarem o período de 2010 a 2013 Zorzo et al (2017). destacam que empresas com menores frequências e tempos de interrupção de energia apresentam menores perdas de receitas e economias (redução) em gastos para solucionar problemas.R.…”

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Indicadores de qualidade do fornecimento de energia no Brasil

Maestri

Andrade

2019

R. Bras. Planej. Desenvolv.

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O objetivo deste estudo foi identificar se há relação entre custos operacionais, investimentos, satisfação do consumidor e a qualidade de fornecimento de energia no Brasil. A amostra foi composta por concessionárias do setor de distribuição de energia no Brasil, no período de 2010 até 2016. Os dados foram coletados a partir da ANEEL e a execução dos testes aconteceu por dados em painel estático e dinâmico. Os resultados por GMM System apontam que a melhoria da qualidade do fornecimento de energia advém da continuidade da redução das taxas de variação de DEC e FEC, em que as taxas de variação desses indicadores (ΔDEC, ΔFEC) carregam memória de períodos anteriores, sendo que uma redução dessas taxas num determinado período influencia para que a redução seja mantida no próximo período, o que melhora a qualidade do fornecimento de energia. Os investimentos melhoram a qualidade do fornecimento de energia em termos de redução da taxa de frequência das interrupções do fornecimento de energia (ΔFEC) e de redução da taxa de frequência de reclamações dos consumidores (ΔFER). O índice ANEEL de satisfação do consumidor (IASC) mostra que a percepção geral da satisfação do cliente proporciona a melhoria da qualidade do fornecimento de energia em termos de ΔDEC, ΔDER e ΔFER.

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The relationship between the focus on innovation and economic efficiency: a study on Brazilian electric power distribution companies

Cited by 11 publications

References 27 publications

Examining Epira and Its Effect on Technical and Operational Efficiencies of the Top Five Private Distribution Utilities in the Philippines: Sfa and Dea Approaches

Examining Epira and Its Effect on Technical and Operational Efficiencies of the Top Five Private Distribution Utilities in the Philippines: Sfa and Dea Approaches

A methodological approach to the evaluation of the effectiveness of innovative projects

Indicadores de qualidade do fornecimento de energia no Brasil

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