Price Regulation and Risk [recurso electrónico] : The Impact of Regulation System Shifts on Risk Components / by Michael Hierzenberger.

Por: Hierzenberger, Michael [author.]Colaborador(es): SpringerLink (Online service)Tipo de material: Texto

TextoSeries Lecture Notes in Economics and Mathematical Systems ; 641Editor: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2010Descripción: X, 180p. online resourceTipo de contenido: text Tipo de medio: computer Tipo de portador: online resourceISBN: 9783642120473Tema(s): Economics | Econometrics | Finance | Economics, Mathematical | Auditing | Economics/Management Science | Public Finance & Economics | Accounting/Auditing | Economic Systems | Econometrics | Game Theory/Mathematical MethodsFormatos físicos adicionales: Printed edition:: Sin títuloClasificación CDD: 336 Clasificación LoC:HJ9-9940Recursos en línea: Libro electrónico Texto

Contenidos:

Capital Market-Based Calculation of the Cost of Equity -- Methods of Price Regulation -- Empirical Secondary Data Analysis -- The Primary Empirical Study -- Summary of the Work.

En: Springer eBooksResumen: Natural monopolies are not subject to the market-based principle of competition. Consequently, it is necessary to control companies in such monopoly positions with regard to their pricing. In the future, it will become more and more important to consider a possible change in the regulation regime when the future-oriented costs of equity - both in terms of price regulation and for conducting capital market-oriented business valuations - are to be determined. Based on the principal-agent problem, the book explains this topic. The effect of a change in the regulation regime is presented in the form of two studies: an international secondary analysis of the effects on cost of equity based on event studies of the Anglo-Saxon area and a primary analysis based on the Austrian regulation policy for electricity and gas supply systems. The two studies arrive at similar results: The change from a rate-of-return regulation to incentive regulation systems leads to a significant increase in systematic risk.

Existencias ( 1 )
Notas de título ( 3 )

Existencias
Tipo de ítem	Biblioteca actual	Colección	Signatura	Copia número	Estado	Fecha de vencimiento	Código de barras
Libro Electrónico	Biblioteca Electrónica	Colección de Libros Electrónicos	HJ9 -9940 (Browse shelf(Abre debajo))	1	No para préstamo		374165-2001

Capital Market-Based Calculation of the Cost of Equity -- Methods of Price Regulation -- Empirical Secondary Data Analysis -- The Primary Empirical Study -- Summary of the Work.

Natural monopolies are not subject to the market-based principle of competition. Consequently, it is necessary to control companies in such monopoly positions with regard to their pricing. In the future, it will become more and more important to consider a possible change in the regulation regime when the future-oriented costs of equity - both in terms of price regulation and for conducting capital market-oriented business valuations - are to be determined. Based on the principal-agent problem, the book explains this topic. The effect of a change in the regulation regime is presented in the form of two studies: an international secondary analysis of the effects on cost of equity based on event studies of the Anglo-Saxon area and a primary analysis based on the Austrian regulation policy for electricity and gas supply systems. The two studies arrive at similar results: The change from a rate-of-return regulation to incentive regulation systems leads to a significant increase in systematic risk.