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Quantitative Analysis of Organization and Governance Structure of Public Utility Firms

Research Project

Project/Area Number 17K03685
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic policy
Research InstitutionKobe University

Principal Investigator

Mizutani Fumitoshi  神戸大学, 経営学研究科, 教授 (60263365)

Co-Investigator(Kenkyū-buntansha) 中村 絵理  神戸大学, 経営学研究科, 准教授 (00611071)
Project Period (FY) 2017-04-01 – 2021-03-31
Project Status Completed (Fiscal Year 2020)
Budget Amount *help
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2020: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2019: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2018: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2017: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Keywords組織 / ガバナンス / 公益企業 / 組織規模 / 効率性 / 構造分離
Outline of Final Research Achievements

The main results are as follows. (i) Governance factors such as ownership by domestic companies and individual shareholders clearly reduce inefficiency, but industry-level factors such as regulation and competition increase inefficiency. (ii) In the rail industry, the cost advantageous vertical structure can be explained by the degree of train density. At smaller (larger) train density, vertical separation (integration) is best. At medium train density, an intermediate organization is best. (iii) In the vertical integrated rail companies, Informal communication is significant for overall coordination, and mechanisms enhancing informal communication are observed mainly at individual levels. In contrast, mechanisms enhancing formal communication are observed mainly at the organizational level.

Academic Significance and Societal Importance of the Research Achievements

従来の公益事業を改善するための方法として、競争原理の導入、民営化、規制改革などが考えられてきた。これに対し、民間企業で広く議論されているコーポレート・ガバナンスの様々な方法を適用した場合にはどうなるのかという、いわゆるガバナンスの問題はあまり研究されてこなかった。ここでの研究成果は、学術面において新たな新規性を提示しているという貢献がある。さらに、実際面においても、従来の改善方法は産業自体を改革するという点で社会的費用が高くなるのに対して、ガバナンス改革では比較的低コストでしかも企業の状況に応じて改革が可能になるため、社会的意義も大きいことが期待される。

Report

(5 results)
  • 2020 Annual Research Report   Final Research Report ( PDF )
  • 2019 Research-status Report
  • 2018 Research-status Report
  • 2017 Research-status Report
  • Research Products

    (21 results)

All 2020 2019 2018 2017

All Journal Article (12 results) (of which Peer Reviewed: 10 results,  Open Access: 2 results) Presentation (8 results) (of which Int'l Joint Research: 8 results,  Invited: 1 results) Book (1 results)

  • [Journal Article] A comparison of vertical structural types in the railway industry: A simple mathematical explanation model2020

    • Author(s)
      Mizutani Fumitoshi
    • Journal Title

      Research in Transportation Economics

      Volume: 81 Pages: 1-10

    • DOI

      10.1016/j.retrec.2020.100865

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] An analysis of the inter-effect of structural reforms and rail mode share2020

    • Author(s)
      Mizutani Fumitoshi、Uranishi Shuji
    • Journal Title

      Research in Transportation Economics

      Volume: 81 Pages: 1-15

    • DOI

      10.1016/j.retrec.2020.100862

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Does vertical integration facilitate coordination between infrastructure management and train operating units in the rail sector? Implications for Japanese railways2020

    • Author(s)
      Nakamura Eri、Sakai Hiroki
    • Journal Title

      Utilities Policy

      Volume: 66 Pages: 101099-101099

    • DOI

      10.1016/j.jup.2020.101099

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] The Impact of Structural Reforms and Regulations on the Demand Side in the Railway Industry2020

    • Author(s)
      Mizutani, F.
    • Journal Title

      Review of Network Economics

      Volume: 18(1) Issue: 1 Pages: 1-33

    • DOI

      10.1515/rne-2019-0006

    • Related Report
      2019 Research-status Report
    • Peer Reviewed
  • [Journal Article] A Bayesian Stochastic Frontier Model with Endogenous Regressors: An Application to the Effect of Division of Labor in Japanese Water Supply Organizations2019

    • Author(s)
      Nakamura, E., Urakami, T. and Kakamu, K.
    • Journal Title

      Topics in Identification, Limited Dependent Variables, Partial Observability, Experimentation, and Flexible Modeling

      Volume: Part B, Vol. 40B Pages: 29-46

    • DOI

      10.1108/s0731-90532019000040b003

    • ISBN
      9781838674205
    • Related Report
      2019 Research-status Report
    • Peer Reviewed
  • [Journal Article] 日本の私立大学学費の決定要因の分析:社会科学系学部を対象として2019

    • Author(s)
      水谷 文俊, 中山 徳良, 田中 智泰
    • Journal Title

      国民経済雑誌

      Volume: 219-3 Pages: 17-32

    • NAID

      120006823962

    • Related Report
      2018 Research-status Report
  • [Journal Article] Structural reform of the electricity industry and economic growth2018

    • Author(s)
      Fumitoshi Mizutani, Tomoyasu Tanaka, Noriyoshi Nakayama and Shuji Uranishi
    • Journal Title

      Journal of Economic Policy Reform

      Volume: - Issue: 2 Pages: 184-208

    • DOI

      10.1080/17487870.2018.1469985

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Necessary demand and extra demand of public utility product: identification using the stochastic frontier model2018

    • Author(s)
      Nakamura Eri、Mizutani Fumitoshi
    • Journal Title

      Economia e Politica Industriale

      Volume: 46-1 Issue: 1 Pages: 45-64

    • DOI

      10.1007/s40812-018-0101-5

    • Related Report
      2018 Research-status Report
    • Peer Reviewed
  • [Journal Article] Regulation, Public Interest, and Private Interest: An Empirical Investigation of Firms in Japan2018

    • Author(s)
      Mizutani, F. and E. Nakamura
    • Journal Title

      Empirical Economics

      Volume: - Issue: 4 Pages: 1433-1454

    • DOI

      10.1007/s00181-017-1389-0

    • Related Report
      2018 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] Managerial transfers to reduce transaction costs among affiliated firms: Case study of Japanese railway holding companies2018

    • Author(s)
      Nakamura Eri、Sakai Hiroki、Shoji Kenichi
    • Journal Title

      Utilities Policy

      Volume: 53 Pages: 102-110

    • DOI

      10.1016/j.jup.2018.06.011

    • Related Report
      2018 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] How Do Governance Factors Affect Inefficiency? Stochastic Frontier Analysis of Public Utility Firms in Japan2017

    • Author(s)
      Mizutani, F. and Nakamura, E.
    • Journal Title

      Economia e Politica Industriale

      Volume: Vol.44, No.3 Issue: 3 Pages: 267-289

    • DOI

      10.1007/s40812-016-0066-1

    • Related Report
      2017 Research-status Report
    • Peer Reviewed
  • [Journal Article] Measuring and Exploring Intra-Organisational Transaction Costs of Spontaneous and Intentional Governance: Case Study of the Austrian Telecommunication Industry2017

    • Author(s)
      Nakamura, E.
    • Journal Title

      Kobe University Discussion Paper Series

      Volume: 2017・31 Pages: 1-26

    • Related Report
      2017 Research-status Report
  • [Presentation] National Infrastructure Policies in Japan: Focusing on Railways2020

    • Author(s)
      Mizutani Fumitoshi and Matsuo Miwa
    • Organizer
      Critical Issues in Infrastructure Economics and Policy
    • Related Report
      2020 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Change and Reform of Public Utilities in Japan: Focusing on Cultural Background and Management in the Railway Industry2019

    • Author(s)
      Mizutani, F.
    • Organizer
      International Forum: Cultural Power, Business and Creative Industries in East Asia
    • Related Report
      2019 Research-status Report
    • Int'l Joint Research / Invited
  • [Presentation] An Analysis of the Inter-Effect of Structural Reforms and Demand in the Railway Industry2018

    • Author(s)
      Fumitoshi MIZUTANI ; Shuji URANISHI
    • Organizer
      Procurement Design of Local Public Transport Services: Special Interest Group E2 (Transport Pricing and Economic Regulation) of the WCTRS
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Change and Reform of Public Utilities in Japan: Focusing on Cultural Background and Management in the Railway Industry2018

    • Author(s)
      Fumitoshi MIZUTANI
    • Organizer
      Special Lecture for Celebrating the 3rd Anniversary of MoU Between Kobe University and Academia Sinica
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Comparison of Vertical Stractural Types in the Railway Industry2018

    • Author(s)
      Fumitoshi MIZUTANI
    • Organizer
      Procurement Design of Local Public Transport Services: Special Interest Group E2 (Transport Pricing and Economic Regulation) of the WCTRS
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Bayesian Stochastic Frontier Model with Endogenous Regressors: An Application to the Effect of Division of Labor in Japanese Water Supply Organizations2018

    • Author(s)
      Nakamura, E, T. Urakami, and K. Kakamu
    • Organizer
      International Society for Bayesian Analysis 2018 World Meeting
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Bayesian Stochastic Frontier Model with Endogenous Regressors: An Application to the Effect of Division of Labor in Japanese Water Supply Organizations2018

    • Author(s)
      Nakamura, E, T. Urakami, and K. Kakamu
    • Organizer
      Advances in Econometrics Conference
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] The Effects of Managers’ Temporary Transfer on Transaction Costs between Business Units: A Case Study on Holding Company Management of Japanese Railway Group2017

    • Author(s)
      Nakamura, E., H. Sakai, and K. Shoji
    • Organizer
      European Regional Science Association
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Book] 公益事業の変容:持続可能性を超えて2020

    • Author(s)
      公益事業学会(編)(責任編集者:西村陽・水谷文俊)
    • Total Pages
      269
    • Publisher
      関西学院大学出版会
    • ISBN
      9784862833082
    • Related Report
      2020 Annual Research Report

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Published: 2017-04-28   Modified: 2022-01-27  

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