The purpose of this paper is to determine how to produce best estimates of intrinsic value, as measured by 36 month abnormal returns, using IBES only forecasts, VL only forecasts, or forecasts from both services. IBES only provides earnings forecasts, while VL provides forecasts of earnings,...

Each year developing countries seek billions of dollars of investment in their infrastructure, and private investors, mostly in rich countries, seek places to invest trillions of dollars of new savings. Private foreign investment in the infrastructure of developing countries would seem to hold...

The wave of infrastructure privatization sweeping the world over the past decade or so has given rise to a new category of professional - the specialist utility regulator. These regulators, charged with administering regulatory frameworks that seek to balance the interests of consumers and...