Power Sector Companies Research Articles

Assessment of Governance Dimensions in Sustainability Reports with Special Reference to Power Sector Companies

The sustainability reporting regime has seen various developments over the past few years with matters like climate change, human rights, ethical governance and others gaining momentum. With the introduction of Business Responsibility and Sustainability Reporting, companies are now shedding light on their commitment towards sustainable operations. In this study, an attempt has been made to examine the governance indicators reported in the sustainability reports of power sector companies in India. Top 4 companies from the power sector based on market capitalization were selected for the analysis. The Sustainability Reporting Maturity Model, published by ICAI, serves as the benchmark for 5rscoring these companies.

Critical appraisal of vendor selection mechanism: A review in power sector companies of West Bengal

Critical appraisal of vendor selection mechanism: A review in power sector companies of West Bengal

Environmental, Social and Governance (ESG) Reporting Practices in India: Evidence from Listed Power Sector Companies

Globally, G20 has been recognised as a catalyst in building environmentally sustainable growth and promoting energy transitions towards more flexible, transparent and cleaner energy systems through sustainability reporting practices. Sustainability reporting practices, an umbrella of Environment, Social and Governance (ESG) reporting practices review a specific set of criteria that evaluate a business on how effectively implements ESG projects and the impacts its factors have had on the business towards sustainable growth. By burning fossil fuels and emitting greenhouse gases, the power sector companies are more directly contributing to the global energy transition. For the net-zero transition, it is crucial to concentrate on sustainability and incorporate ESG reporting practices. The purpose of this study is to analyse the reporting practices of ESG indicators by 10 listed power sector companies; that have high market capitalisation operated in India. Sustainability, ESG and annual reports of selected companies are taken for five years spreading from the year 2017–2018 to 2021–2022. The presence of ESG indicators in power sectors is measured by Business Responsibility and Sustainability Report framework issued by SEBI guidelines. Descriptive cum exploratory research methods are used to analyse the ESG indicators in reporting practices of power sector companies. The finding of the analysis shows that all the sample power sector companies are disclosing ESG indicators and National Voluntary Guidelines in their sustainability reporting. The paper found that all the sample companies are disclosing the social indicators, more than the environmental and governance indicators in the sustainability report by top 10 power sector companies listed in NSE. Irrespective of ownership of companies, discloser of sustainable reports remains persistent over the years.

Drafting a Digital Transformation Strategy for Project Management Sector – Empirical Study on UAE

It is without a doubt that the impact of digital transformation and disruptive technologies has impacted all industries globally. There is hardly any sector that is left untouched by this form of innovation. This is also true for the power sector, which is the industry targeted for this study. The power sector is crucial for human existence, and hence, it is the use of different kinds of technology that must be employed at the helm of its operations. These different kinds of technology are related to AI, Robotics, IoT, and Big Data. The major intention behind these technologies should be to pace up different projects managed in the industry. Therefore, the company selected for this project is Dubai Electricity and Water Authority (DEWA). It is a company that is involved with various technological projects ranging from smart grids to digital meters to managing customer data. By interviewing thirteen key people from the company, the study highlights the current status of technology and how it is being employed by different power sector companies. In the end, it has been deduced that the future of the power industry relies on its adaption of green energy generation, and hence, all the efforts of the companies should be directed toward producing green energy with the help of modern technology. Also, it was found that the use of AI can enhance the efficiency of the projects, making them less risky. Therefore, the use of AI ensures that the projects are less prone to risks and have a higher chance of success.

Audit Committee Attributes and Corporate Tax Avoidance: The Moderating Role of Audit Committee Independence

This research investigates the effect of audit committee (AC) attributes on tax avoidance of the selected fuel & power sector companies listed on DSE of Bangladesh. The study employs a panel data set of 17 fuel & power sector companies for 5 years, i.e., 2015-16 to 2019-2020, and analyses the sample data by applying panel data regression model. The study uses two econometric models for making the empirical analysis and testing the undertaken hypotheses. Adopting several diagnostic tests, and model selection tests, the study runs random effect model for first econometric model and fixed effect model for second econometric model. It also performs a series of robustness tests by adopting alternate regression methods, and alternate proxy of dependent variable for further confirmation of the empirical findings. The study finds that AC size has negative insignificant association with corporate tax avoidance, while AC meeting has negative significant relationship to corporate tax avoidance. Further, the study finds that AC independence moderates the relationship of AC size and AC meeting with corporate tax avoidance. Specifically, the study documents that the interaction of AC size and AC independence (ACS*ACI) has negative significant relationship to corporate tax avoidance, while the interaction of AC meeting and AC independence (ACM*ACI) has positive significant association to corporate tax avoidance. Thus, the study might contribute in policy making by the policymakers and practitioners of the business sectors to control or limit the corporate tax avoidance.

Risk management (RM) and project success (PS) of electrical power transmission and distribution systems: the moderation role of human resource management

PurposeThis study aims to examine the moderation role of human resource management (HRM) in the relationship between risk management and project success of electrical power transmission and distribution systems.Design/methodology/approachA questionnaire was used to collect data from the electrical companies of Pakistan. A 100 professionals working in power sector companies took part in it. To analyze the impact, correlation analysis and linear regression analyses have been performed using IBM SPSS V-22®.FindingsThe linear regression results obtained the significant impact of risk management on project success (p < 0.05). The moderated regression represented a change in the percentage variation (R2) that is 0.463 without moderating effect and it increased to 0.528 after including human resource (HR) moderator indicating a moderating effect of HRM.Research limitations/implicationsBecause of the theoretical significance of growing awareness about the importance of HRM and development, this study has significant practical implications. This study can be implemented practically to support the business strategies of the organization and HR competency and engineering will contribute in shaping those business strategies as well.Originality/valueThis study provides evidence on the impact of HRM on project success as a moderating variable with risk management. The study shows the increment in the ratio of project success in the electrical sector of Pakistan. This research provides the importance of HRM functions in the electrical sector of Pakistan.

A Study on Prediction of Bankruptcy of selected Indian Power Sector Companies: An Application of Altman’s Z-score Model

A Study on Prediction of Bankruptcy of selected Indian Power Sector Companies: An Application of Altman’s Z-score Model

Accounting Based Return Analysis of Selected Fuel and Power Sector Companies in Bangladesh

The present study is an attempt to explore the contemporary profitability status of 5 (five) selected fuel and power sector companies enlisted in DSE, Bangladesh and the interrelationship between sales based returns (GPM, OPM, and NPM) and investment based returns (ROA and ROE) over the period of 2012 to 2016 for the same companies. Using descriptive statistics the present study has found that the profitability position of the sample companies is satisfactory, multiple correlation analysis revealed that there is a positive association between sales based returns and ROA whereas negative association between sales based returns and ROE, and the multiple regression analysis showed that 97.70 percent variance is explained by the predictors OPM, ROA, and ROE of the dependent variable OABR (overall accounting based return) in the selected fuel and power sector companies of Bangladesh.&#x0D;

The Impact of Servant Leadership on Employees’ Innovative Work Behaviour-Mediating Role of Psychological Empowerment

Change is the only constant phenomenon in this world, and organizations can bring it through innovation. This innovation ultimately leads to an organization’s competitive edge and sustainability. Every new idea primarily originates in the minds of individuals, and when it’s implemented successfully, it contributes to overall organizational innovation. Nurturing employees’ innovative work behavior (EIWB) is prudent for every organization looking to enhance its innovative outcomes. This research, at first, aimed to examine the influence of servant leadership (SL) at three distinctive levels of employees’ innovative work behavior (EIWB); namely, idea generation, idea promotion, and idea realization. Then, we investigated the influence of SL on overall EIWB. Finally, employees’ Psychological Empowerment (PE) is assessed as a mediator through which SL exerts its influence on EIWB. Servant leadership in conjunction with Social Exchange theories were used to develop the conceptual model of this research. Cross-sectional data were collected from 283 entry-level officers working in different Power Sector Companies of Pakistan. Partial least squares structural equation modeling (PLS-SEM) was employed through Smart-PLS 3.2.8 software to analyze the hypothesized relationships. The findings of this research show that SL positively influences each stage of EIWB as well as EIWB at an integrated level. Employees’ Psychological Empowerment (PE) partially mediates the positive influence of SL on EIWB. This research is one of the pioneers to examine the influence of SL at different levels of EIWB. Further, investigating employees’ PE as mediating between the relationship of SL and EIWB is also a unique contribution of this research. Besides offering the theoretical and managerial implications, detailed discussion on the results is carried out. Lastly, the limitations of this study and potential avenues for future research are highlighted.

Study of determinants of proactive environmental strategies in India's power sector

Abstract Why are some firms more environmentally proactive than their counterparts from the same industry? What are these factors, which are responsible for the adoption of proactive environmental strategies which are beyond the requirement of extant laws? The power sector is a critical sector for the development of infrastructure in a developing economy like India. The emissions from the power sector are a cause of concern for the environmentalists and stakeholders. Some firms are observed to be more environmentally proactive than others even though the regulatory requirements are same. This paper aims to identify the determinants of the adoption of proactive environmental strategies in the power sector in India. The available studies are generalised and very few are sector-specific. No such research is carried out specifically for the power sector in India. Statistical tools like SPSS (Statistical Programme for Social Science) and AMOS (Analysis of Moment Structures) are used to analyse the quantitative data collected through a questionnaire-based survey from major power sector companies. Reliability and validity of data collected are checked using Exploratory Factor Analysis. Subsequently, Confirmatory Factor Analysis is applied to identify the determinants of adoption of proactive environmental strategies. The identified determinants are ranked using Structural Equation Modelling. The study identifies institutional pressure, performance improvement, business practices, and market pressure and benefits as determinants. Institutional pressure and performance improvement emerge as determinants which are ranked higher as compared to other two. The specific contribution of the study is to provide an understanding for the policymakers in Indian power sector to recognise these determinants in the formulation of policies and guidelines for environmental protection.

An Analytical Study on CSR Practices for the Sustainable Growth of Power Sector Companies

An Analytical Study on CSR Practices for the Sustainable Growth of Power Sector Companies

Working Capital Management of Selected Power Sector Companies in Bangladesh: Evidence from Dhaka Stock Exchange Ltd.

The present study is an attempt to explore the existing working capital management practices of the 3 (three) selected power sector companies listed in Dhaka Exchange Ltd. of Bangladesh. The study covered a period of 6 (six) years from 2010 to 2015. The basic sources of the collected secondary financial data are the DSE archive, published annual reports, and official websites of the selected companies. The study adopted quick ratio, cash to current liability, inventory turnover, receivable turnover, and cash conversion cycle as working capital management indicators of the sample companies. Through descriptive statistics, the study found that the working capital management practices over the study period of the selected companies are satisfactory though there is a scope to invest from the excess working capital in profitable investment opportunities. Student’s t-test and ANOVA technique showed that the differences among the working capital management practices of the sample companies over the study period are significant concerning all the selected working capital ratios except inventory turnover.

An Enquiry into Effect of Capital Structure on Firm Value:A Study of Power Sector Companies in India

This empirical study is an effort to the existing field of effect of capital structure decisions on firm value. The investigation is made on eleven power companies selected from the ‘BSE Power ’from Capitaline database for the period 2007–2015. The firm value is proxied by Tobin's Q and the Enterprise value to profit before interest, depreciation and taxes ratio. The leverage is measured using debt-equity ratio. Panel data regression model is employed for analysis which supports the view that there is a negative influence of financial leverage on firm value (measured using Tobin's Q). However, the other measure is not significantly impacted by the extent of debt in the capital structure.