Table 3 Partial effects of restructuring... | Emerald Publishing

Table 3

Partial effects of restructuring (percent)

	Below-average utilities	Above-average utilities	All utilities
$\frac{\partial KNOX}{\partial RE}$	−19.97	50.74	5.01
$\frac{\partial KSO 2}{\partial RE}$	25.14	5.33	18.49
$\frac{\partial KTSP}{\partial RE}$	2.66	−0.87	1.26
$\frac{\partial SALR}{\partial RE}$	−0.20	0.02	−0.06
$\frac{\partial SALIC}{\partial RE}$	−0.93	−0.84	−0.87

	Below-average utilities	Above-average utilities	All utilities
$\frac{\partial KNOX}{\partial RE}$	−19.97	50.74	5.01
$\frac{\partial KSO 2}{\partial RE}$	25.14	5.33	18.49
$\frac{\partial KTSP}{\partial RE}$	2.66	−0.87	1.26
$\frac{\partial SALR}{\partial RE}$	−0.20	0.02	−0.06
$\frac{\partial SALIC}{\partial RE}$	−0.93	−0.84	−0.87

Note(s): Direction: $g_{y} = 1, - g_{\tilde{y}} = - 1$