An illusion of success: The consequences of British rail privatisation

Bowman, Andrew S.

doi:10.1016/j.accfor.2014.10.001

Cited by 33 publications

(20 citation statements)

References 17 publications

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“…Interdisciplinary/Critical relates to studies that draw on more than one discipline or various strands of critical theory. Bowman () is the only article coded in this category. The study drew on economic, financial and political perspectives to examine the role of accounting numbers in rail privatisation.…”

Section: Analyses Of Recent Accounting Publicationsmentioning

confidence: 99%

A review of accounting research in Australasia

Villiers

Hsiao

2018

Accounting & Finance

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This study examines recent accounting research published in 10 journals led by New Zealand and Australia based Qualitative Research in Accounting and Management. The paper identifies the most cited recent articles (2015)(2016)(2017), and the most prolific authors, universities and geographical regions. It then reveals trends in research areas and relevance of recent accounting articles. The paper discusses the importance of the Australian Business Deans Council journal quality list in facilitating novel and relevant research, and recommends the integration of citation metrics into its ratings methodology.

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Section: Analyses Of Recent Accounting Publicationsmentioning

confidence: 99%

A review of accounting research in Australasia

Villiers

Hsiao

2018

Accounting & Finance

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“…1 Government subsidies to the infrastructure holder (currently NR) mean that the latter may not recover all its costs through TACs. Indirectly subsidising passenger traffic in this way enables franchises to appear more profitable than they really are, and the privatised system a 'success' (Bowman, 2015). Such unrecharged operating costs of passenger rail services need to be added to the costs appearing in the TOCs' own accounts, but…”

Section: The Data Sets Utilisedmentioning

confidence: 99%

‘A Very Costly Industry’: The cost of Britain’s privatised railway

McCartney

Stittle

2017

Critical Perspectives on Accounting

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reposit] 'A Very Costly Industry': the cost of Britain's privatised railway ABSTRACT 'A Very Costly Industry': the cost of Britain's privatised railway This paper is concerned with the financial performance of the British passenger rail industry since privatisation in the mid-1990s. This experiment, which not merely transferred a state-owned and fully integrated industry into the private sector, but dismantled it into over 100 separate entities, has generated considerable and highly critical academic literature. A major contention of this literature is that, contrary to the predictions of its proponents, privatisation has largely failed to improve efficiency and has actually increased costs, or more exactly, costs are higher than they would have been, had privatisation not taken place. However, although various writers have put forward diverse arguments to support this position, robust data on the overall costs of the (now highly fragmented) industry have been lacking. Further, a proper assessment of the additional costs (or otherwise) of privatisation can only be made in light of 'counterfactual' estimates (necessarily speculative) of the costs of the state-run industry if privatisation had not occurred. This paper aims to fill this literature gap by: (1) constructing a robust series of the overall operating costs of British passenger rail services since privatisation, (2) projecting, using reasonable assumptions, what operating costs would have been if privatisation not taken place, and (3) estimating the increase in such costs arising since privatisation. The results, whilst they can only be broadly indicative, are nevertheless clear. Even after conservative assumptions, rail privatisation has resulted in considerable additional costs: it was a major public policy error.

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“…Rail track geometry is an important aspect of railway construction upon which the degradation of many other track components is closely related. It is also often as an index in track safety, maintenance and renewals tactics (Madejski, Grabczyk, 2002;Esveld, 2001;Jovanovic, 2004;Lyngby et al, 2008;Bowman, 2015;Martey, Attoh-Okine, 2018).…”

Section: Introductionmentioning

confidence: 99%

Assessment of railtrack geometry of Iddo – Mushin corridor Lagos region

Adeaga¹,

Dogbonjaye²,

Akinbaloye³

2019

PKG

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Railway transport is a primary asset to trade, industry and commerce development of nations hat demand among others, a safe transit and optimal maintenance. Track performance remains an important index towards measuring track degradation. Thus, in this study the rail track geometry model was adopted to analyze the quality of Iddo-Mushin rail corridor towards safe rail transport system. Geometric parameters of interest include vertical irregularities, horizontal irregularities, crosslevel, twist and track gauge. The parameters were calculated from a 3-dimensional data collected using Tachymetric Surveying approach covering Mushin, Yaba, Ebute-Meta and Iddo terminus. It should be noted that despite the high standard used as regards to the design and construction of the Iddo-Mushin rail track facilities, several derailments have occurred over time due to rail geometry deformation with high probability incidents along the Iddo-Ebute-Meta corridor. It was also discovered that the Iddo-Mushin axis can only permit average train speed of about 80 km/h, using the Polish Railway Synthetic Coefficient for safe rail transportation system. The synthetic assessment approach is simple and facilitate a continuous measurement of geometric parameters along railway track. Proper maintenance and upgrade of the rail track system mechanisms to support the incremental trasport demand and services as a result of socioeconomic growth and development of Lagos mega city, is therefore suggested.

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An illusion of success: The consequences of British rail privatisation

Cited by 33 publications

References 17 publications

A review of accounting research in Australasia

A review of accounting research in Australasia

‘A Very Costly Industry’: The cost of Britain’s privatised railway

Assessment of railtrack geometry of Iddo – Mushin corridor Lagos region

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