Technical efficiency and financial performance in the brazilian distribution service operators

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dc.creatorAndrey Vinícius Alto
dc.creatorNewton Carneiro Affonso da Costa Junior
dc.creatorAna Lúcia Miranda Lopes
dc.creatorThiago Roberto Magalhães Veloso
dc.creatorValter Saurin
dc.date.accessioned2022-11-07T13:04:13Z
dc.date.accessioned2025-09-08T23:04:02Z
dc.date.available2022-11-07T13:04:13Z
dc.date.issued2017
dc.identifier.doi10.1016/j.seps.2017.01.003
dc.identifier.issn00380121
dc.identifier.urihttps://hdl.handle.net/1843/46956
dc.languageeng
dc.publisherUniversidade Federal de Minas Gerais
dc.relation.ispartofSocio-Economic Planning Sciences
dc.rightsAcesso Restrito
dc.subjectAdministração financeira
dc.subject.otherElectric power companies
dc.subject.otherEnergy Regulation
dc.subject.otherData Envelopment Analysis - DEA
dc.subject.otherTechnical Efficiency
dc.subject.otherFinancial Efficiency
dc.titleTechnical efficiency and financial performance in the brazilian distribution service operators
dc.typeArtigo de periódico
local.citation.epage92
local.citation.spage79
local.citation.volume59
local.description.resumoThis paper analyses the relationship between technical efficiency, measured by Data Envelopment Analysis - DEA, and financial variables related to capital management in Brazilian distribution service operators (DSOs) from 2006 to 2009. The panel data regression showed that only firm size (measured by energy distributed) and previous year's income were statistically significant for explaining differences in technical efficiency. When companies invest part of their income, they are using “more expensive money” than if they are accessing other funding sources. It can therefore be seen that there is a possible margin for the Brazilian Distribution Service Operators DSOs to increase their leverage, which would reduce their cost of capital. This reduction in the cost of capital would in turn result in lower tariffs for the energy consumer, while maintaining the current calculation methodology.
local.publisher.countryBrasil
local.publisher.departmentFCE - DEPARTAMENTO DE CIÊNCIAS ADMINISTRATIVAS
local.publisher.initialsUFMG
local.url.externahttp://www.sciencedirect.com/science/article/pii/S003801211630060X

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