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 (ESCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 11 Issue: 2
  • Publication Date: 2017
  • Doi Number: 10.1108/ijesm-02-2016-0009
  • Journal Name: INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT
  • Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus
  • Page Numbers: pp.329-349
  • Keywords: Reform, Energy sector, Electricity, Bidding, Emerging market, Cost comparison, Cash flow, PRIVATIZATION, PRIVATISATION, LIBERALIZATION, UTILITIES, ISSUES, STATE
  • Hacettepe University Affiliated: Yes

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.