Exploring the link between the corporate governance and efficiency of Italian water utilities

The present paper analyzes the linkage between the corporate governance of Italian water utilities (ownership, board size and board composition) and their ef fi ciency measured through data envelopment analysis (DEA). Using a general panel data regression model, we found that board size negatively affects the ef fi ciency of water utilities. Moreover, the presence of directors with political af fi liations or who are/were members of local or national go- vernment negatively affects ef fi ciency, and the presence of directors with a degree on the board has a slight negative effect on productivity. Conversely, other variables (ownership, gender diversity and average age of board members) were found not to affect the ef fi ciency of Italian water utilities. The existence of economies of scale was also confirmed .Este artículo analiza la relación entre el gobierno corporativo de los servicios del agua italianos (propiedad, tamaño y composición del consejo) y su e fi ciencia medida a través del análisis envolvente de datos (AED). Usando un modelo general de regresión de datos de panel averiguamos que el tamaño del consejo afecta negativamente la e fi ciencia de los servicios del agua. Además, la presencia de directores con a fi liaciones políticas o que son o fueron miembros del gobierno local o nacional afecta negativamente a la e fi ciencia, y la presencia de directores con una carrera universitaria en el consejo tiene un efecto ligeramente negativo sobre la productividad. Inversamente, otras variables (propiedad, diversidad de género y edad media de los miembros del consejo) no afectan a la e fi ciencia de los servicios del agua italianos. La existencia de economías de escala también fue con fi rmada

Does water utilities' ownership matter in water pricing policy? An analysis of endogenous and environmental determinants of water tariffs in Italy

Owing to the growing importance of efficient water management, it has become crucial to understand water utilities' characteristics and the environmental factors affecting water pricing, so as to provide guidance to policy-makers. The analysis of factors influencing water tariffs is a challenging task in a context in which companies providing the service are characterized by different ownership features. Moreover, environmental factors and companies' characteristics may simultaneously influence both the decision to privatize the service and the water tariff level. Using a treatment effects model, where privatization is considered as an endogenous binary treatment variable, this paper analyzes whether and how certain relevant variables affect the tariffs levied by water utilities in Italy. The results show that higher tariffs are set in order to cover a greater amount of investments; furthermore, abundant water availability, measured by the average annual rainfall, significantly reduces prices. The data surprisingly show that tariffs are higher where the income level is lower. Significantly, after accounting for the endogeneity due to the fact that water firms are not randomly distributed between totally publicly or not totally publicly owned, our results seem to suggest that ownership does not influence the tariffs levied by water utilities

Environmental Impact Assessment of Municipal Solid Waste (MSW) Management in Florence, Italy

Research Paper - Facing the trouble of municipal solid waste (MSW) management is a rising challenge of urbanized areas. Yearly data of waste management from the city of Florence (Italy) and neighboring municipalities were gathered over 2015 year. About 412105 t of waste were collected, where 202794 t were mixed-waste and 72540 t were organic. Fractions were treated in a centralized selecting-composting plant. The outgoing materials were further treated in external plants for additional selection, composting, incineration, landfilling. The present study was aimed to assess the environmental impact of such waste management applying LCA technique. The functional unit was \u201cone year mixed and organic waste treatment at Florence and neighboring municipalities\u201d. System boundaries included waste collection, final transport, working of the selecting-composting plant. System expansion was used to account for energy recovery (electricity) from waste. Background data were sourced from ELCD-core3-LCI database. Life cycle impact assessment (classification and characterization) was performed by ILCD midpoint method. Sixteen impact categories were computed. Focusing on global warming potential (GWP), the functional unit impacts for roughly 6.99E+8kgCO2eq. This figure drops to 0.212E+8kgCO2eq if urban collection was not considered and further to 0.186E+8kgCO2eq if final transportation was excluded. Results underline the potential benefit of on-site treatment of waste

Water pollution in wastewater treatment plants: An efficiency analysis with undesirable output

The environmental efficiency of 96 Tuscan (Italian) wastewater treatment plants (WWTPs) is investigated taking into account the quality of the outgoing water in terms of pollutant. In this regard, the presence of the residual nitrogen in the outgoing treated water is considered as undesirable output. The efficiency analysis is performed by applying a novel integrated Analytic Hierarchy Process/Non-radial Directional Distance Function (AHP/NDDF) approach, combining the benefits of the two techniques. Similarly to the standard NDDF approach, the suggested model allows to include simultaneously inputs, desirable and undesirable outputs and not to overestimate the efficiency scores. At the same time, the AHP inclusion gives the possibility to directly take into account the decision maker preferences in the weighting system and to encompass some existing directional distance function models as special cases.The obtained results are then used to identify the efficiency explanatory variables: among them, the facilities' capacity, the percentage of wastewater discharged by the industrial and agricultural activities and the level of compliance with the pollutant concentration threshold set by the legislator have a significant impact on the WWTP performance. The integrated performance assessment allows the water authorities to combine the WWTP efficiency together with the environmental sustainability issue and it has the potential for further promising environmental inspections

Qualitative effects of the addition of withered grapes to a freshly produced red wine: the traditional governo all'uso toscano practice

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Measuring the efficiency of water utilities: a cross-national comparison between Portugal and Italy

All over the world, governments are compelling water utilities to improve their efficiency and productivity through reforms and tougher regulatory tools. Despite the different strategies and approaches, the goals remain the same: to make the whole sector more efficient, to curb the profits and ‘quiet life’ of water utilities and pass the productivity gains to customers through reduced prices or better environmental protection and quality of service. The water sectors in Portugal and Italy underwent deep reforms in the 1990s, in pursuit of higher levels of performance. Therefore, there is added interest in measuring the performance of water utilities in these two Mediterranean countries. We assess their performance using composite (global) indicators on a sample of 88 water utilities, for the year 2007. While we compare the performance of the two countries in this sector we also try to identify the impact of the ownership structure on efficiency. Finally, this paper discusses the benchmarking results of our research and draws some policy implications

Molecular characterization of the meq gene of Marek's disease viruses detected in unvaccinated backyard chickens reveals the circulation of low- and high-virulence strains

ABSTRACT Marek's disease (MD) is an important lymphoproliferative disease of chickens, caused by Gallid alphaherpesvirus 2 (GaHV-2). Outbreaks are commonly reported in commercial flocks, but also in backyard chickens. Whereas the molecular characteristics of GaHV-2 strains from the commercial poultry sector have been reported, no recent data are available for the rural sector. To fill this gap, 19 GaHV-2 strains detected in 19 Italian backyard chicken flocks during suspected MD outbreaks were molecularly characterized through an analysis of the meq gene, the major GaHV-2 oncogene. The number of four consecutive prolines (PPPP) within the proline-rich repeats of the Meq transactivation domain, the proline content, and the presence of amino acid (aa) substitutions were determined. Phylogenetic analysis was performed using the Maximum Likelihood method. Sequence analysis revealed a heterogeneous population of GaHV-2 strains circulating in Italian backyard flocks. Seven strains, detected from birds affected by classical MD, showed a unique meq isoform of 418 aa with a very high number of PPPP motifs. Molecular and clinical features are suggestive of a low oncogenic potential of these strains. The remaining 12 strains, detected from flocks experiencing acute MD, transient paralysis, or sudden death, had shorter Meq protein isoforms (298 or 339 aa) with a lower number of PPPP motifs and point mutations interrupting PPPP. These features allow us to assert the high virulence of these strains. These findings reveal the circulation of low- and high-virulence GaHV-2 strains in the Italian rural sector