How Politics Influences the Energy Pricing Decisions of Elected Public Utilities Commissioners

Parinandi, Srinivas C.; Hitt, Matthew P.

doi:10.1016/j.enpol.2018.03.044

Cited by 10 publications

(13 citation statements)

References 31 publications

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“…This proxy is used to describe the level of independence of commissioners, by including independent commissioners in the board's composition, in a company. The effectiveness of the board of commissioners in balancing the CEO's authority is highly influenced by their level of independency (Luthan et al, 2016;Parinandi & Hitt, 2018;Han et al, 2018;Aquilante, 2018).…”

Section: Discussionmentioning

confidence: 99%

The Role of Ownership in Increasing Firm Value of Manufacturing Industry in Indonesia

Handriani¹

2020

j. Organisasi dan manaj.

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This study examines the effect of the independent commissioner’s composition, audit committee, firm size, and profitability toward the value of manufacturing companies listed in the Indonesia Stock Exchange. The population of this research is manufacturing companies listed in the Indonesia Stock Exchange (IDX) from 2013-2015 that reported a complete annual report and published in the Indonesian Capital Market Directory. Researchers used a purposive sampling method and employed 208 companies as samples, and data processing in the study used multiple linear regression. Findings. This study find that the independent commissioner’s composition and Audit Committee has no significant effect on firm value. Finding also shows that firm size and profitability has a positive significant effect on firm value. Based on those findings, investors have to use financial information, especially financial reports, as information for long-term investment decisions. The finding may be useful for the listed companies in Indonesia Stock Exchange since they must know their size and profitability, and those variables are important to enhance their value.

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Section: Discussionmentioning

confidence: 99%

The Role of Ownership in Increasing Firm Value of Manufacturing Industry in Indonesia

Handriani¹

2020

j. Organisasi dan manaj.

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“…To control for any differences among state utilities regulatory agencies based on the relative vitality of the state economy, we include a variable measuring the Unemployment Rate for each state-year. This is consistent with prior scholarship that suggests utility regulators are sensitive to macroeconomic trends (Parinandi and Hitt 2018). Last, in the event that state agencies resist federal regulatory policy differently based on the diversity of their population, we include a variable measuring the Nonwhite Percentage of the Population in each state-year.…”

Section: Methodsmentioning

confidence: 73%

“…For example, Twinkle Andress Cavanaugh, the Republican President of the Alabama Public Service Commission since 2012, announced her candidacy for Lieutenant Governor of Alabama during her tenure. Similarly, interviews with a commissioner on the Arizona Corporation Commission reveal that “some commissioners have ‘aspirations to move onwards’” (Parinandi and Hitt 2018, 83). These and other similar cases suggest that even state bureaucrats in agencies with putatively apolitical policy jurisdiction have reasonably strong political preferences that likely bear on their decision-making within their institution or otherwise.…”

Section: A Theory Of Administrative Sectionalism and Bureaucratic Resmentioning

confidence: 99%

Their Boot in Our Face No Longer? Administrative Sectionalism and Resistance to Federal Authority in the U.S. South

Napolio

Peterson

2019

State Politics Policy Q.

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What explains state agency resistance to actions taken by their federal counterparts? And do sectional tensions make state bureaucratic nonacquiescence particularly likely in the U.S. South? We theorize that state resistance to federal administrative policy is more likely among Southern state bureaus due to administrative sectionalism. We argue that state agencies can and do resist federal administrative orders independent of other political constraints. This study is among the first to consider the policy consequences of sectionalism in state bureaucracies. We test our claims by employing a mixed methods approach that analyzes each instance of litigation and intervention by state bureaucrats in opposition to actions and orders by the Federal Energy Regulatory Commission (FERC) from 2010 to 2017. We find that, all else equal, state agency resistance to federal utility policy is about 3.75 times as likely among Southern utility regulators. This research has important normative implications for administrative politics as it suggests agencies with putatively apolitical policy jurisdiction have political preferences driven by sectional tension.

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“…Specific to RUCs, increased competition theoretically opens elected commissions to more industry influence and rent‐seeking (Howe, 2019); however, empirical confirmation of elected commission capture has been mixed. In their study of rate‐setting, Parinandi and Hitt's (2018) find that Arizona's elected public utilities commission is sensitive to consumer demand, but not industry or interest groups. Parinandi and Hitt (2018) conclude that an elected RUC is less sensitive to capture than an appointed RUC.…”

Section: Resultsmentioning

confidence: 99%

“…In their study of rate‐setting, Parinandi and Hitt's (2018) find that Arizona's elected public utilities commission is sensitive to consumer demand, but not industry or interest groups. Parinandi and Hitt (2018) conclude that an elected RUC is less sensitive to capture than an appointed RUC. However, Rule's (2017) investigation into campaign finance and RUC governance argues that utilities are able to purchase influence through campaign donations that are not regulated in the same way as other public officials.…”

Section: Resultsmentioning

confidence: 99%

Linking policy design, change, and outputs: Policy responsiveness in American state electricity policy

Koski

Siddiki

2021

Policy Studies Journal

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This article examines whether changes in policy design lead to incremental or punctuated changes in policy outputs. Leveraging a synthesis of policy design and punctuated equilibrium literatures, we analyze whether changes in policy targets, policy instruments, and policy incentives have differing effects on the distributions of changes in policy outputs. Our empirical examination is a study of net metering policy in the United States over the years 2007–2016. A key finding is that there is a relationship between policy designs that change more frequently and less punctuated distributions of outputs; namely, that changes to certain elements of policies are related to a greater frequency of gradual changes in policy outputs than changes to others.

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How Politics Influences the Energy Pricing Decisions of Elected Public Utilities Commissioners

Cited by 10 publications

References 31 publications

The Role of Ownership in Increasing Firm Value of Manufacturing Industry in Indonesia

The Role of Ownership in Increasing Firm Value of Manufacturing Industry in Indonesia

Their Boot in Our Face No Longer? Administrative Sectionalism and Resistance to Federal Authority in the U.S. South

Linking policy design, change, and outputs: Policy responsiveness in American state electricity policy

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