Valuations of electricity distribution and retail companies in an emerging market An empirical study on Turkey

Alma H., Karan M. B.

INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT, cilt.11, sa.2, ss.329-349, 2017 (ESCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 11 Sayı: 2
  • Basım Tarihi: 2017
  • Doi Numarası: 10.1108/ijesm-02-2016-0009
  • Dergi Adı: INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT
  • Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus
  • Sayfa Sayıları: ss.329-349
  • Anahtar Kelimeler: Reform, Energy sector, Electricity, Bidding, Emerging market, Cost comparison, Cash flow, PRIVATIZATION, PRIVATISATION, LIBERALIZATION, UTILITIES, ISSUES, STATE
  • Hacettepe Üniversitesi Adresli: Evet

Özet

Purpose - This paper is aimed to evaluate recently privatized 18 electricity distribution and retail companies, using the data and conditions at the time they were privatized. The main hypothesis of the study is that most of the privatized companies in this research are underpriced similar to previous experiences in developed and emerging economies.