The Profitability of Electricity, Oil, and Gas Utilities in America: An Analysis Focused on Colombia

La rentabilidad de los servicios de electricidad, petróleo y gas en las Américas: Un análisis enfocado;
A rentabilidade dos serviços de eletricidade, petróleo e gás nas Américas: um enfoque analítico

dc.creatorRosso Murillo, John William
dc.creatorRodriguez Ramos, Yeny Esperanza
dc.date2021-03-30
dc.date2023-03-22T19:00:34Z
dc.date2023-03-22T19:00:34Z
dc.date.accessioned2023-09-06T17:56:59Z
dc.date.available2023-09-06T17:56:59Z
dc.identifierhttps://revistas.unimilitar.edu.co/index.php/rfce/article/view/4525
dc.identifier10.18359/rfce.4525
dc.identifierhttp://hdl.handle.net/10654/42806
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/8693579
dc.descriptionIdentifying the determining factors of utilities’ profitability is vital in making strategic deci- sions such as optimal resource allocation and business strategy orientation to increase the invested capital. We analyze information from private and public companies in the energy, gas, and oil sectors in Colombia and other American countries. We construct a panel data model from 2000 to 2010 and propose a method that identifies the determining factors of profitability for homogeneous groups of companies using cluster analysis. We use regression analysis to quantify those factors for each cluster. Fixed assets are essential determining factors of profitability; however, investment regulation may lead to significant losses in the realizable value of fixed assets and an increase in the companies’ capital costs. Debt and a munificent environment only affect medium-sized companies. We found some benefits for large companies derived from non-transparent institutional environments.
dc.descriptionIdentificar los factores determinantes de la rentabilidad de los servicios públicos es vital para tomar de- cisiones estratégicas como la asignación óptima de recursos y la orientación de la estrategia empresarial para au- mentar el capital invertido. Analizamos la información de empresas privadas y públicas en los sectores de energía, gas y petróleo en Colombia y otros países del continente Americano. Construimos un modelo de datos de panel del 2000 al 2010 y sugerimos un método para identificar los factores determinantes de la rentabilidad en grupos homogéneos de empresas mediante el análisis de grupos. Utilizamos análisis de regresión para cuantificar esos factores en cada grupo. Los activos fijos son factores determinantes esenciales de la rentabilidad; sin embargo, la regulación de las inversiones puede provocar pérdidas significativas en el valor realizable de los activos fijos y un aumento en los costos de capital de las empresas. La deuda y un entorno munificente solo afectan a las medianas empresas. Encontramos algunos beneficios para las grandes empresas que se derivan de entornos institucionales no transparentes.
dc.descriptionIdentificar os determinantes da rentabilidade dos serviços públicos é vital para a tomada de decisões estratégicas, como alocar recursos adequadamente e direcionar a estratégia de negócios para aumentar o capital investido. Analisamos as informações de empresas privadas e públicas dos setores de energia, gás e petróleo na Colômbia e em outros países do continente americano. Construímos um modelo de dados em painel de 2000 a 2010 e sugerimos um método para identificar os determinantes da rentabilidade em grupos homogêneos de empresas por meio de análise de grupos. Usamos análise de regressão para quantificar esses fatores em cada grupo. Os ati- vos fixos são determinantes essenciais da rentabilidade, porém, a regulação de investimentos pode causar perdas significativas no valor realizável dos ativos fixos e um aumento nos custos de capital das empresas. A dívida e um ambiente munificente afetam apenas as empresas de médio porte. Encontramos alguns benefícios para grandes empresas que se originam de ambientes institucionais não transparentes.
dc.formattext/xml
dc.formatapplication/pdf
dc.languageeng
dc.publisherUniversidad Militar Nueva Granada
dc.relationhttps://revistas.unimilitar.edu.co/index.php/rfce/article/view/4525/4654
dc.relationhttps://revistas.unimilitar.edu.co/index.php/rfce/article/view/4525/4710
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dc.rightsDerechos de autor 2021 Revista Facultad de Ciencias Económicas
dc.sourceRevista Facultad de Ciencias Económicas; Vol. 29 No. 1 (2021); 27-48
dc.sourceRevista Facultad de Ciencias Económicas; Vol. 29 Núm. 1 (2021); 27-48
dc.sourceRevista Facultad de Ciencias Económicas; v. 29 n. 1 (2021); 27-48
dc.source1909-7719
dc.source0121-6805
dc.titleThe Profitability of Electricity, Oil, and Gas Utilities in America: An Analysis Focused on Colombia
dc.titleLa rentabilidad de los servicios de electricidad, petróleo y gas en las Américas: Un análisis enfocado
dc.titleA rentabilidade dos serviços de eletricidade, petróleo e gás nas Américas: um enfoque analítico
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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