Hasan, Dr. Syed Akif and Subhani, Dr. Muhammad Imtiaz and Osman, Ms. Amber (2012): KESC’s Performance, is it due to the Financial Crisis at KESC? Published in: American Journal of Scientific Research , Vol. 59, (2012): pp. 130-135.
Download (94Kb) | Preview
Karachi Electric Supply Co. (KESC) is power utility company serving more than 2.1 million consumers. It covers around 6000 km of vast area to supply electricity. It has been more than 10 to 20 years that this company is suffering from poor financial position due to which it is not able to fulfill the required demand of Karachi city and hence load shedding and power outages have been caused. This paper is an effort to gauge the impact of financial crises which have been faced by the KESC on its performance to produce and provide energy to its consumers. Various accounting variables which include Profitability Ratio, Long Term Solvency Ratio, Short term Solvency ratio, and Shareholder’s Investment Ratio which have been recorded for the period of financial crisis (2007:07 to 2010:06) have been used as the proxy of financial crises at KESC. The findings concluded that the long term solvency and short term solvency have the significant impact on energy productions at KESC.
|Item Type:||MPRA Paper|
|Original Title:||KESC’s Performance, is it due to the Financial Crisis at KESC?|
|English Title:||KESC’s Performance, is it due to the Financial Crisis at KESC?|
|Keywords:||Financial Crisis, Energy Crisis, KESC, growth rate, debt ratio, long-term solvency ratio, short-term solvency ratio, profitability ratio, shareholder’s investment|
|Subjects:||A - General Economics and Teaching > A1 - General Economics
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy
|Depositing User:||Muhammad Imtiaz Subhani|
|Date Deposited:||29. May 2012 14:10|
|Last Modified:||12. Feb 2013 13:03|
Cristina, C., & Philipp, R. (2010). The impact of high and growing government debt on economic growth. European Central Bank, 1237.
David, C., Hans, F., Armin, H., Michael, G., Katarina, J., Alan, K., Thomas, L., & Brigitte, S. (2010). The Financial Crisis and the Systemic Failure of Academic Economics. Kiel Working Papers 1489, Kiel Institute for the World Economy.
Gavriletea, M. D., & Gavriltear M. I. (2007). The effect of the energy to ecosystem and risk management solution for covering the potential loss. Annals of faculty of Economics, 3(1), 212-217.
John, B., T. (2008). The financial Crisis and the policy responses: An Empirical Analysis of what went wrong in A Festschrift in Honor of David Dodge’s Contributions to Canadian Public Policy. Ottawa: Bank of Canada, November, 1-18.
Grein, M., & Nordell, B., Al-Mathnani, A. (2007). Energy consumption and future potential of renewable energy in North Africa. Revue des Energies Renouvelables, ICRESD-07, 249-254.
Nausheen, H., A. (1999). Inefficiencies in Public Electricity Provision and Impacts on Firms in Karachi’s Manufacturing Sector. The Pakistan Development Review, 38, 167-185.
Qazi, M. A. H., & Sana, R. (2008). Causality between Energy Consumption and Economic Growth: The Case of Pakistan. Lahore Journal of Economics, 13, 45-58. Research Department Staff Report 421, Universidad de Salamanca.
Subhani, M.I., Hasan, S. A., Osman, A., Khan, I., Muhammad, N. (2012). The Energy Short Fall and its after Effects (A Case Study for Karachi City in context to Karachi Electric Supply Corporation). Science Series Data Report, 4(2), 42-49.
Timothy J. K., & Cordoba, G. F. (2009). The current financial crisis: what should we learn from the great depressions of the 20th Century? The Region, Federal Reserve Bank of Minneapolis, 7-39.