2016
DOI: 10.1007/s40812-016-0066-1
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How do governance factors affect inefficiency? Stochastic frontier analysis of public utility firms in Japan

Abstract: The main purpose of this study is to investigate how governance factors affect technical inefficiency in public utility firms. Inefficiency analysis in public utilities so far has focused mainly on industry-level treatments such as competition policy and regulations. However, since these industry-level treatments incur significant government costs and are difficult to monitor closely, management-level corporate governance, which has been widely discussed in private firms, has been attracting increased attentio… Show more

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