Publication:
Some Options for Improving the Governance of State-Owned Electricity Utilities

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dc.contributor.authorYamamoto, Chiaki
dc.contributor.authorIrwin, Timothy
dc.date.accessioned2015-03-13T16:25:19Z
dc.date.available2015-03-13T16:25:19Z
dc.date.issued2004-02
dc.description.abstractMost government-owned utilities in developing countries perform poorly when judged as providers of electricity, in part because politicians and officials use their power, not to encourage the utilities to increase sales, improve the collection of bills, and cut costs, but to transfer resources to politically influential groups and, sometimes, extract bribes. To improve the performance of government-owned electricity utilities as electricity utilities, rules and practices must be changed in a way that reduces politicians' willingness or ability to use the utilities for political purposes and subjects the utilities to new sources of pressure to perform well. This paper considers ways in which a government might seek to achieve this goal without privatizing. It focuses on changes in corporate governance-that is, changes in the rules that structure the relationship between the company and the government as its owner. It concludes that governments should be cautious about the prospects for improvement without privatization-since, among other things, creating a truly arms-length relationship between the government and the utility will always be difficult as long as the government remains the utility's owner-but that improvements in corporate governance are still worth pursuing.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/02/5325767/some-options-improving-governance-state-owned-electricity-utilities
dc.identifier.doi10.1596/21603
dc.identifier.urihttps://hdl.handle.net/10986/21603
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesEnergy and Mining Sector Board discussion paper series;no. 11
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING FIRMS
dc.subjectACCOUNTING STANDARDS
dc.subjectASSETS
dc.subjectAUDITING
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCENTRAL BANKS
dc.subjectCITIZENS
dc.subjectCOMPANY LAW
dc.subjectCONSTITUTIONS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE PERFORMANCE
dc.subjectCORRUPTION
dc.subjectCREDIT RATINGS
dc.subjectDEBT
dc.subjectDISCLOSURE
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDIVIDENDS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMICS
dc.subjectELECTRICITY
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPLOYMENT
dc.subjectEXECUTION
dc.subjectFEDERAL GOVERNMENT
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REPORTING STANDARDS
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFOREIGN SHAREHOLDERS
dc.subjectGAAP
dc.subjectGENERALLY ACCEPTED ACCOUNTING PRINCIPLES
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT ROLES
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectLAWS
dc.subjectLEGISLATION
dc.subjectLICENSES
dc.subjectLOBBYING
dc.subjectMINISTERS
dc.subjectMINISTERS OF STATE
dc.subjectMINORITY SHAREHOLDERS
dc.subjectMONETARY POLICY
dc.subjectPOLITICIANS
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATIZATION
dc.subjectPROFITABILITY
dc.subjectPUBLIC ENTERPRISES
dc.subjectPUBLIC OWNERSHIP
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SECTOR
dc.subjectRATING AGENCIES
dc.subjectREAL RATE OF RETURN
dc.subjectRISK MANAGEMENT
dc.subjectSHAREHOLDERS
dc.subjectSTATE OWNED ENTERPRISES
dc.subjectSTATEMENTS
dc.subjectSTOCK EXCHANGE
dc.subjectSUBSIDIARY
dc.subjectTAX
dc.subjectTAX ADMINISTRATION
dc.subjectTREASURY
dc.subjectUTILITIES
dc.titleSome Options for Improving the Governance of State-Owned Electricity Utilitiesen
dspace.entity.typePublication
okr.date.disclosure2010-07-01
okr.date.doiregistration2025-05-05T12:33:48.217961Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2004/02/5325767/some-options-improving-governance-state-owned-electricity-utilities
okr.globalpracticeEnergy and Extractives
okr.guid439291468780595583
okr.identifier.externaldocumentum000090341_20041112150332
okr.identifier.internaldocumentum5325767
okr.identifier.report30518
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/11/12/000090341_20041112150332/Rendered/PDF/305180Energy1ImptheGov.pdfen
okr.topicWater Supply and Sanitation::Town Water Supply and Sanitation
okr.topicBanks and Banking Reform
okr.topicUrban Development::Municipal Financial Management
okr.topicPublic Sector Economics
okr.topicGovernance::National Governance
okr.topicFinance and Financial Sector Development
okr.unitInfrastructure & Energy Srvc Dpt (ECSIE)
relation.isAuthorOfPublication4cdd14e3-d673-5b41-bfda-166d60c2e404
relation.isAuthorOfPublication.latestForDiscovery4cdd14e3-d673-5b41-bfda-166d60c2e404
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