| 书目名称 | Price Regulation and Risk |
| 副标题 | The Impact of Regula |
| 编辑 | Michael Hierzenberger |
| 视频video | |
| 概述 | Important and up-to-date topic.International secondary analysis.Detailed Primary Study.Includes supplementary material: |
| 丛书名称 | Lecture Notes in Economics and Mathematical Systems |
| 图书封面 |  |
| 描述 | 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. |
| 出版日期 | Book 2010 |
| 关键词 | Agency Theory; Capital Market; Event Study; Price Regulation; Valuation; calculus |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-642-12047-3 |
| isbn_softcover | 978-3-642-12046-6 |
| isbn_ebook | 978-3-642-12047-3Series ISSN 0075-8442 Series E-ISSN 2196-9957 |
| issn_series | 0075-8442 |
| copyright | Springer-Verlag Berlin Heidelberg 2010 |
发表于 2025-3-21 18:35:45
