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Exploring the Link between Corporate Governance and Efficiency of Italian Water Utilities

Bibliographic Data

ID23035486
AuthorsGiulia Romanò (0000-0002-9770-3831, University of Pisa), Andrea Guerrini (0000-0003-4781-1591, University of Verona), Chiara Leardini (0000-0003-1015-6095, University of Verona)
Year2015
Issue6
Pages123-132
Publication date2015-12-30
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAgua y Territorio / Water and Landscape (JOURNAL)
Journal identifiersISSN: 2340-7743 • E-ISSN: 2340-8472
PublisherUniversidad de Jaen (PUBLISHER • ES)
DOI10.17561/at.v0i6.2815
OpenAlexW2303757786
LanguageEN
Citations received2
References cited23

The present paper analyzes the linkage between the corporate governance of Italian water utilities (ownership, board size and board composition) and their efficiency measured through data envelopment analysis (DEA). Using a general panel data regression model, we found that board size negatively affects the efficiency of water utilities. Moreover, the presence of directors with political affiliations or who are/were members of local or national government negatively affects efficiency, and the presence of directors with a degree on the board has a slight negative effect on productivity. Conversely, other variables (ownership, gender diversity and average age of board members) were found not to affect the efficiency of Italian water utilities. The existence of economies of scale was also confirmed.

Business · Corporate governance · Data envelopment analysis · Econometrics · Economic growth · Economics · Government (linguistics) · Industrial organization · Linkage (software) · Panel data · Political science · Politics · Productivity · Statistics · Accounting · Finance · Italy: Economic History and Contemporary Issues · Law

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Unique citing works2
Citations per year0,18
Citation span2015 - 2021 (7)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 2

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