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Crisis resilience assessment and management of public utility companies

Author

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  • Irina N. Tkachenko

    (Ural State University of Economics, Ekaterinburg, Russia)

  • Ivan A. Chechulin

    (Ural State University of Economics, Ekaterinburg, Russia)

Abstract

Currently, the most frequently used models for forecasting the probability of company bankruptcy in the housing and utilities sector lack accuracy. The hypothesis is put forward that crisis resilience of a company can be assessed based on its adaptive capabilities. The paper aims to construct a more accurate compared to the known regression model for predicting bankruptcies, as well as develop models for assessing the quality of crisis adaptation management at public utility companies allowing for the stakeholders’ interests and peculiarities of their interface. The methodological basis of the study consists of the theory of crisis management and a stakeholder approach. The methods include multiple regression analysis, stakeholder mapping, sociological survey, and expert assessments. The evidence comes from the accounting and statistical reporting of 49 public utility companies, materials of arbitration cases, survey results of 33 heads of organisations obtained in the period from February to March 2023. The theoretical developments are implemented within the empirical studies of public utility companies. To improve crisis adaptation and resilience of public utility companies the findings recommend to launch staff training programmes, establish mechanisms for horizontal intra-sectoral connections and maintain cooperation at the level of public authorities in order to control investments in the housing and utilities sector.

Suggested Citation

  • Irina N. Tkachenko & Ivan A. Chechulin, 2024. "Crisis resilience assessment and management of public utility companies," Journal of New Economy, Ural State University of Economics, vol. 25(1), pages 131-159, April.
    • Handle: RePEc:url:izvest:v:25:y:2024:i:1:p:131-159
    DOI: 10.29141/2658-5081-2024-25-1-7
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    References listed on IDEAS

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    More about this item

    Keywords

    crisis resilience; crisis management; housing and utilities; crisis adaptation; stakeholder approach;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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