Regulatory Risk and the Cost of Capital is popular PDF and ePub book, written by Burkhard Pedell in 2006-04-20, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Regulatory Risk and the Cost of Capital can be Read Online from any device for your convenience.
Regulatory Risk and the Cost of Capital Book PDF Summary
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.
Detail Book of Regulatory Risk and the Cost of Capital PDF
- Author : Burkhard Pedell
- Release : 20 April 2006
- Publisher : Springer Science & Business Media
- ISBN : 9783540308027
- Genre : Business & Economics
- Total Page : 226 pages
- Language : English
- PDF File Size : 12,6 Mb
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