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, vol.11, no.2, pp.329-349, 2017 (Journal Indexed in ESCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 11 Issue: 2
  • Publication Date: 2017
  • Doi Number: 10.1108/ijesm-02-2016-0009
  • Title of Journal : INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT
  • Page Numbers: pp.329-349

Abstract

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.