Table I. Variable operationalization...

Table I.

Variable operationalization

Groupings	Codes	Variables	Operationalization
Variables used by benchmarking models	cst	Manageable costs	DREREG, Plot B
	area	Concession area	Aneel’s website
	ext	Network extension	Aneel’s website
	den	Network density	Aneel’s website
	uc	Number of consuming units	Aneel’s website
	ed	Distributed energy	Aneel’s website
Variables associated with the Information System	ts	Type of system	0 = Connected 1 = Isolated
	dec	Interruption equivalent duration	Aneel’s website
	fec	Interruption equivalent frequency	Aneel’s website
	quali	Abradee Quality Award	Associação Brasileira de Distribuidores de Energia Elétrica (2015)
Variables associated with the Structural System	int	Vertical Integration	0 = not integrated 1 = integrated
	porte	Entity size	Total Asset (BPREG)
	sind	Freedom of association	0 = does not follow International Labor Organization standards (Restricted) 1 = follows and/or encourages International Labor Organization standards (flexible)
	etica	Requirement of ethical standards and social responsibility	0 = does not require standards 1 = requires or at least suggests standards
Variables associated with Sociocultural System	ocplp	Short-term vs. long-term orientation	Invest. in qualification/Gross payroll
	ci	Uncertainty control	Turnover = average (admission + dismissal)/dismissal
	di	Hierarchical distance	Higher and lower remuneration. Available in the Social Balance Sheet
Variables associated with the Governance System	end	Indebtedness	Current Liabilities + Non-Current Liabilities/Total Assets (BPREG)
	gov	Government control	0 = there is no government control 1 = there is government control
	cap	Concentration of capital	0 = not concentrated (< 90% of the major shareholder interest) 1 = concentrated (> 90% of the major shareholder interest)
Variables associated with the Management System	va	Added value	Added value to be distributed (Added Value Statement)
	cresc	Market growth	Energy distrib. t/Energy distrib. t−1
	dpl	Evolution of shareholders' equity (PL)	PL t minus PL t−1
Efficiency Scores	crs	CRS-DEA model efficiency scores	DEA application
	vrs	VRS-DEA model efficiency scores	DEA application
	sfa	SFA Method efficiency scores	SFA application

Groupings	Codes	Variables	Operationalization
Variables used by benchmarking models	cst	Manageable costs	DREREG, Plot B
	area	Concession area	Aneel’s website
	ext	Network extension	Aneel’s website
	den	Network density	Aneel’s website
	uc	Number of consuming units	Aneel’s website
	ed	Distributed energy	Aneel’s website
Variables associated with the Information System	ts	Type of system	0 = Connected1 = Isolated
	dec	Interruption equivalent duration	Aneel’s website
	fec	Interruption equivalent frequency	Aneel’s website
	quali	Abradee Quality Award	Associação Brasileira de Distribuidores de Energia Elétrica (2015)
Variables associated with the Structural System	int	Vertical Integration	0 = not integrated1 = integrated
	porte	Entity size	Total Asset (BPREG)
	sind	Freedom of association	0 = does not follow International Labor Organization standards (Restricted)1 = follows and/or encourages International Labor Organization standards (flexible)
	etica	Requirement of ethical standards and social responsibility	0 = does not require standards1 = requires or at least suggests standards
Variables associated with Sociocultural System	ocplp	Short-term vs. long-term orientation	Invest. in qualification/Gross payroll
	ci	Uncertainty control	Turnover = average (admission + dismissal)/dismissal
	di	Hierarchical distance	Higher and lower remuneration. Available in the Social Balance Sheet
Variables associated with the Governance System	end	Indebtedness	Current Liabilities + Non-Current Liabilities/Total Assets (BPREG)
	gov	Government control	0 = there is no government control 1 = there is government control
	cap	Concentration of capital	0 = not concentrated (< 90% of the major shareholder interest) 1 = concentrated (> 90% of the major shareholder interest)
Variables associated with the Management System	va	Added value	Added value to be distributed (Added Value Statement)
	cresc	Market growth	Energy distrib. t/Energy distrib. t−1
	dpl	Evolution of shareholders' equity (PL)	PL t minus PL t−1
Efficiency Scores	crs	CRS-DEA model efficiency scores	DEA application
	vrs	VRS-DEA model efficiency scores	DEA application
	sfa	SFA Method efficiency scores	SFA application

Source: Created by the author

[ViewLarge]

Sharing Unavailable