DRIVERS OF UTILITY VIABILITY AND SUSTAINABILITY: DO NONFINANCIAL PERFORMANCE MEASURES MAKE A DIFFERENCE?

Daniel Acheampong, Chrissann Ruehle and Tanya S. Benford

Accounting & Taxation, 2023, vol. 15, issue 1, 1-25

Abstract: The study reviews the growth trend for investor-owned utilities (water and wastewater), adopts the National Regulatory Research Institute's financial viability ratios modified by Acheampong et al., and identifies four categories of nonfinancial performance instruments that drive utility abandonments and transfers. The study observed a downward trend in investor-owned utilities from the sample state (Florida). Prior research has concentrated on financial performance measures (Financial ratios) to determine the sustainability and viability of investor-owned utilities. The study concluded that nonfinancial performance measures are significant in determining investor-owned utility abandonments and transfers comparatively to financial performance measures; the drivers for utility transfers are different from utility abandonments, and each utility class should be treated with its own merits.

Keywords: Abandonments; Financial Performance Measures; Nonfinancial Performance Measures; Sustainability; Viability; Investor-Owned; Authorized Territory (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2023
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