IDEAS home Printed from https://ideas.repec.org/a/mul/j0hje1/doi10.1430-34266y2011i1p93-112.html
   My bibliography  Save this article

Corporate Governance and Performance in Local Public Utilities

Author

Listed:
  • Anna Menozzi
  • Davide Vannoni

Abstract

This paper analyses the effects of corporatization, mixed ownership and board composition on the behaviour and performance of a sample of 114 Italian local public utilities, for which information about 1,630 directors during 1994-2004 has been collected. Our main findings indicate that, while the corporatization process and the presence of private investors are positively correlated with profitability, the presence of politically connected directors, who dominate boards of directors in the Italian public utilities in the period under investigation, exerts a negative impact on performance.

Suggested Citation

  • Anna Menozzi & Davide Vannoni, 2011. "Corporate Governance and Performance in Local Public Utilities," L'industria, Società editrice il Mulino, issue 1, pages 93-112.
    • Handle: RePEc:mul:j0hje1:doi:10.1430/34266:y:2011:i:1:p:93-112
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1430/34266
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.rivisteweb.it/doi/10.1430/34266
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Francesca Di Pillo & Nathan Levialdi & Laura Marchegiani, 2020. "The Investments in Energy Distribution Networks: Does Company Ownership Matter?," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 41-49.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:j0hje1:doi:10.1430/34266:y:2011:i:1:p:93-112. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.