Regulatory Risk and the Cost of Capital : Determinants and Implications for Rate Regulation

Regulatory Risk and the Cost of Capital : Determinants and Implications for Rate Regulation

Editorial Reviews
Book Description
Austrian Controller Award 2005 This book develops a comprehensive concept of regulatory risk integrating existing theoretical and empirical research. The focus is on explaining how the design of the regulatory system influences the risk of a rate-regulated firm, as well as on elaborating appropriate methods for the determination of the regulatory rate base and the allowed rate of return. Regarding the regulatory rate base, the question of whether market value of capital or book value of assets should be employed and the choice of the depreciation scheme are at the center of the discussion. Specific methodical issues concerning cost of capital assessment for rate-regulated firms are analyzed, i.e. the circularity of rate regulation, the sharing of risks between capital owners and rate payers, the length of the regulatory review period, the regulation of the capital structure as well as the conversion of a post-tax to pre-tax weighted average cost of capital.

Regulatory Risk and the Cost of Capital : Determinants and Implications for Rate Regulation,Burkhard Pedell,Springer,3540308016,Accounting - General,Accounting - Managerial,Business & Economics,Business / Economics / Finance,Business/Economics,Capital costs,Economics - General,Finance,Organizational Behavior,Risk management,Business & Economics / Accounting / General,regulation

Hot Books:

1. Re-Inventing Realities, Volume 10 (Advances in Public Interest Accounting)
2. Relative Dividend Yield: Common Stock Investing for Income and Appreciation, 2nd Edition
3. Relevance Lost: The Rise and Fall of Management Accounting
4. Reliability and Safety Analyses under Fuzziness (Studies in Fuzziness and Soft Computing)
5. Repair Your Own Credit and Deal With Debt
6. Report Writing in Business, Second Edition (CIMA Student Handbook)
7. Research in Accounting in Emerging Economies, Volume 5 (Research in Accounting in Emerging Economies)
8. Research in Accounting Regulation, Volume 13 (Research in Accounting Regulation)
9. Research in Accounting Regulation, Volume 15 (Research in Accounting Regulation)
10. Research in Banking and Finance, Vol. 3 (Research in Banking and Finance)

Hot Books

Recommended Books

1. Liuba
2. Gil Kane: Art of the Comics Limited Edition
3. The Red and the White : The Cinema of People's Poland
4. The Political Performers: CBS Broadcasts in the Public Interest
5. The Spirit Of Laws
6. The Hydrogen Atom: Precision Physics of Simple Atomic Systems
7. The Origins of Mountains
8. The Quiet American :
9. The Women of Primrose Creek
10. Understanding Religious Conversion
11. The Inns & Outs of Collecting: How Bed and Breakfast Owners Use Collections to Decorate
12. The Renaissance in Scotland: Studies in Literature, Religion, History, and Culture Offered to John D
13. The War Against Rommel's Supply Lines, 1942-1943
14. Trees & Woodland in the British Landscape: The Complete History of Britain's Trees, Woods &
15. The Treasures and Pleasures of Thailand and Myanmar : Best of the Best in Travel and Shopping