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Applying the Empirical Average Cost of Capital : Estimating the Cost of Funds at the Firm and Industry Levels

Olson, Gerard T. - 2020

This paper develops a new measure of the cost of capital, the empirical average cost of capital (EACC), which is consistent with existing methods of calculating the weighted average cost of capital but primarily uses information from the firm's financial statements and requires fewer and less...

Persistent link: https://www.econbiz.de/10012854500

Do Anti-Bribery Laws Reduce the Cost of Equity? Evidence From the UK Bribery Act 2010

Kim, Suhee; Rees, Bill; Sila, Vathunyoo - 2020

We examine the impact of the U.K. Bribery Act 2010 on the implied cost of equity. We find a significant reduction in the cost of equity amongst U.K. firms with high bribery exposure. We further show that the Bribery Act improves internal control system and increases stock liquidity of firms with...

Persistent link: https://www.econbiz.de/10014352368

Incentive regulation of electricity and gas networks in the UK : from RIIO-1 to RIIO-2

Jamasb, Tooraj - 2020

regulator Ofgem replaced its approach to energy network price control and incentive regulation with a Revenue … regulation model that be revised by the regulator. The lessons of experience from the RIIO models are also relevant for … regulators in other countries and can inform their design of incentive regulation of energy networks. …

Persistent link: https://www.econbiz.de/10012194437

Regulatory asset value and the cost of capital

Whittington, Geoffrey; Byatt, Ian C. - In: Regulating utilities : understanding the issues?, (pp. 91-113). 1998

Persistent link: https://www.econbiz.de/10001324439

The assessment: public sector investment

Flemming, John Stanton - In: Oxford review of economic policy 13 (1997) 4, pp. 1-11

Persistent link: https://www.econbiz.de/10001338289

The impact of cost of capital reductions on regulated water utilities in England and Wales : an analysis of isomorphism and stakeholder outcomes

Ryan, James A. C.; Ives, Matthew C.; Dunham, Ian M. - In: Journal of management & governance 23 (2019) 1, pp. 259-287

Persistent link: https://www.econbiz.de/10012006473

Incentive regulation of electricity and gas networks in the UK : from RIIO-1 to RIIO-2

Jamasb, Tooraj - In: Economics of energy & environmental policy 10 (2021) 2, pp. 181-196

Persistent link: https://www.econbiz.de/10012658967

Do Pivotal Politicians Benefit Constituent Companies?

Raina, Sahil; Xu, Sheng-Jun - 2022

We study how elected politicians who hold strong bargaining power due to their pivotal position in the legislative process use their leverage to benefit home district firms. U.S. senators from politically-centrist states possess greater political leverage than senators from politically-partisan...

Persistent link: https://www.econbiz.de/10013291118

Third Party Access and Refusal to Deal : How Sector Regulation and Competition Law Meet Each Other

Diathesopoulos, Michael D. - 2010

sector regulation and objectives as a context within the process of implementation of competition law in the energy sector … and third, we will investigate how sector regulation in energy sector incorporates competition law principles and affirms … combined with the need for effectiveness and focus on other than competition objectives of sector regulation and we will result …

Persistent link: https://www.econbiz.de/10013134857

Trading firms and trading costs in services : firm-level analysis

Rouzet, Dorothée; Benz, Sebastian; Spinelli, Francesca - 2017

This report presents evidence on how services trade restrictions influence the decisions and performance of firms engaged in international markets, drawing on micro-data from Belgium, Finland, Germany, Italy, Japan, Sweden, the United Kingdom, and the United States. It first describes the...

Persistent link: https://www.econbiz.de/10011779469