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regulation for utilities firms has made the task of setting an adequate cost of equity more difficult. Firstly, Legal Unbundling … regulation schemes has reinforced the importance of setting the equity return adequately. The approaches chosen by regulatory …
Persistent link: https://www.econbiz.de/10010426697
regulation for utilities firms has made the task of setting an adequate cost of equity more difficult. Firstly, Legal Unbundling … regulation schemes has reinforced the importance of setting the equity return adequately. The approaches chosen by regulatory …
Persistent link: https://www.econbiz.de/10010420948
With the introduction of incentive regulation in many network industries, different approaches how to remunerate … invested capital have been used. Under incentive regulation, many regulators remunerate the regulated asset base with a ….e. finding the right balance between equity financing and debt. Taggert (1981) shows that rate-of-return regulation creates an …
Persistent link: https://www.econbiz.de/10010430806
With the introduction of incentive regulation in many network industries, different approaches how to remunerate … invested capital have been used. Under incentive regulation, many regula-tors remunerate the regulated asset base with a …, i.e. finding the right balance between equity financing and debt. Taggert (1981) shows that rate-of-return regulation …
Persistent link: https://www.econbiz.de/10011156756
With the introduction of incentive regulation in many network industries, different approaches how to remunerate … invested capital have been used. Under incentive regulation, many regula-tors remunerate the regulated asset base with a …, i.e. finding the right balance between equity financing and debt. Taggert (1981) shows that rate-of-return regulation …
Persistent link: https://www.econbiz.de/10010553375
With the introduction of incentive regulation in many network industries, different approaches how to remunerate … invested capital have been used. Under incentive regulation, many regulators remunerate the regulated asset base with a ….e. finding the right balance between equity financing and debt. Taggert (1981) shows that rate-of-return regulation creates an …
Persistent link: https://www.econbiz.de/10010420952
Central banks and supervisory authorities regularly conduct stress tests of banks. As losses accumulate in stress scenarios, banks' equity position worsens, and they must pay higher interest rates to retain funding. I explore how variations of Merton-type models can be used to measure bank risk,...
Persistent link: https://www.econbiz.de/10011614070
Estimates of the expected return on equities are of central importance for capital budgeting purposes, actuarial calculations (expected wealth) and, in countries with regulated utilities, for setting the allowed rate of return. The starting point for any of these purposes is the simple annual...
Persistent link: https://www.econbiz.de/10014353044
This study provides international evidence that external financing dependence creates incentives for firms to undertake a higher level of voluntary accounting disclosure. For a sample of 856 observations from 34 countries and 18 different manufacturing industry sectors, we document that firms in...
Persistent link: https://www.econbiz.de/10014075023
We investigate how borrowers' corporate governance influences bank loan contracting terms in emerging markets and how this relation varies across countries with different country-level governance. We find that borrowers with stronger corporate governance obtain favorable contracting terms with...
Persistent link: https://www.econbiz.de/10013107612