In regulated businesses, utility companies are facing asymmetric risks due to ex-ante regulation. Shareholders have to question whether their business is earning appropriate returns taking into account those asymmetric risks involved. Adequate performance measures need to be designed and...

The paper is the result of an empirical research conducted by the authors and is based on their experience in teaching at the academic level and also on the experiences of other professors from Bucharest Academy of Economic Studies. This paper aims to develop a qualitative research on how...