Risk and Return for Regulated Industries

Risk and Return for Regulated Industries provides a much-needed, comprehensive review of how cost of capital risk arises and can be measured, how the special risks regulated industries face affect fair return, and the challenges that regulated industries are likely to face in the future. Rather than following the trend of broad industry introductions or textbook style reviews of utility finance, it covers the topics of most interest to regulators, regulated companies, regulatory lawyers, and rate-of-return analysts in all countries. Accordingly, the book also includes case studies about various countries and discussions of the lessons international regulatory procedures can offer. Presents a unified treatment of the regulatory principles and practices used to assess the required return on capital Addresses current practices before exploring the ways methods play out in practice, including irregularities, shortcomings, and concerns for the future Focuses on developed economies instead of providing a comprehensive global reviews Foreword by Stewart C. Myers

Produk Detail:

  • Author : Bente Villadsen
  • Publisher : Academic Press
  • Pages : 354 pages
  • ISBN : 0128125888
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKRisk and Return for Regulated Industries

Risk and Return for Regulated Industries

Risk and Return for Regulated Industries
  • Author : Bente Villadsen,Michael J. Vilbert,Dan Harris,Lawrence Kolbe
  • Publisher : Academic Press
  • Release : 27 April 2017
GET THIS BOOKRisk and Return for Regulated Industries

Risk and Return for Regulated Industries provides a much-needed, comprehensive review of how cost of capital risk arises and can be measured, how the special risks regulated industries face affect fair return, and the challenges that regulated industries are likely to face in the future. Rather than following the trend of broad industry introductions or textbook style reviews of utility finance, it covers the topics of most interest to regulators, regulated companies, regulatory lawyers, and rate-of-return analysts in all countries.

Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries

Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries
  • Author : A. Lawrence Kolbe,William B. Tye,Stewart C. Myers
  • Publisher : Springer
  • Release : 30 September 2012
GET THIS BOOKRegulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries

It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new

Regulatory Risk and the Cost of Capital

Regulatory Risk and the Cost of Capital
  • Author : Burkhard Pedell
  • Publisher : Springer Science & Business Media
  • Release : 13 February 2006
GET THIS BOOKRegulatory Risk and the Cost of Capital

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 Fund Industry, + Website

The Fund Industry, + Website
  • Author : Robert Pozen,Theresa Hamacher,Don T. Phillips
  • Publisher : John Wiley & Sons
  • Release : 02 February 2015
GET THIS BOOKThe Fund Industry, + Website

A guide to how your money is managed, with foreword by Nobel laureate Robert Shiller The Fund Industry offers a comprehensive look at mutual funds and the investment management industry, for fund investors, those working in the fund industry, service providers to the industry and students of financial institutions or capital markets. Industry experts Robert Pozen and Theresa Hamacher take readers on a tour of the business of asset management. Readers will learn how to research a fund and assess

Risk Management and Regulation

Risk Management and Regulation
  • Author : Tobias Adrian
  • Publisher : International Monetary Fund
  • Release : 01 August 2018
GET THIS BOOKRisk Management and Regulation

The evolution of risk management has resulted from the interplay of financial crises, risk management practices, and regulatory actions. In the 1970s, research lay the intellectual foundations for the risk management practices that were systematically implemented in the 1980s as bond trading revolutionized Wall Street. Quants developed dynamic hedging, Value-at-Risk, and credit risk models based on the insights of financial economics. In parallel, the Basel I framework created a level playing field among banks across countries. Following the 1987 stock market

Managing Climate Risk in the U.S. Financial System

Managing Climate Risk in the U.S. Financial System
  • Author : Leonardo Martinez-Diaz,Jesse M. Keenan
  • Publisher : U.S. Commodity Futures Trading Commission
  • Release : 09 September 2020
GET THIS BOOKManaging Climate Risk in the U.S. Financial System

This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data

Alternative Investments: A Primer for Investment Professionals

Alternative Investments: A Primer for Investment Professionals
  • Author : Donald R. Chambers,Keith H. Black,Nelson J. Lacey
  • Publisher : CFA Institute Research Foundation
  • Release : 29 June 2022
GET THIS BOOKAlternative Investments: A Primer for Investment Professionals

Alternative Investments: A Primer for Investment Professionals provides an overview of alternative investments for institutional asset allocators and other overseers of portfolios containing both traditional and alternative assets. It is designed for those with substantial experience regarding traditional investments in stocks and bonds but limited familiarity regarding alternative assets, alternative strategies, and alternative portfolio management. The primer categorizes alternative assets into four groups: hedge funds, real assets, private equity, and structured products/derivatives. Real assets include vacant land, farmland, timber,

Time Horizons and Technology Investments

Time Horizons and Technology Investments
  • Author : National Academy of Engineering,Committee on Time Horizons and Technology Investments
  • Publisher : National Academies Press
  • Release : 01 February 1992
GET THIS BOOKTime Horizons and Technology Investments

It is frequently argued that U.S. corporations have shorter time horizons for planning and investment than their Japanese and German competitors. This argument, though widely accepted in studies of U.S. competitiveness, has rarely been examined in depth. Time Horizons and Technology Investments explores the evidence that some U.S. corporations consistently select projects biased toward short-term return and addresses factors influencing the time-related preferences of U.S. corporate managers in selecting projects for investment. It makes recommendations to

Fisher Investments on Utilities

Fisher Investments on Utilities
  • Author : Fisher Investments,Theodore Gilliland,Andrew S. Teufel
  • Publisher : John Wiley & Sons
  • Release : 08 March 2011
GET THIS BOOKFisher Investments on Utilities

An in-depth look at the global Utilities universe, including electric, natural gas, and water utilities, power generation, and renewable energy Tips and tools for security analysis and portfolio management A useful guide for investing in any market condition FISHER INVESTMENTS ™ on UTILITIES The Fisher Investments On series is designed to provide individual investors, students, and aspiring investment professionals the tools necessary to understand and analyze investment opportunities—primarily for investing in global stocks. Each guide is an easily accessible primer

A Few Things Transport Regulators Should Know About Risk and the Cost of Capital

A Few Things Transport Regulators Should Know About Risk and the Cost of Capital
  • Author : Ian Alexander
  • Publisher : Unknown Publisher
  • Release : 29 June 2022
GET THIS BOOKA Few Things Transport Regulators Should Know About Risk and the Cost of Capital

A methodology for measuring the cost of capital, calculating the measure of market risk, and estimating the impact of various regulatory regimes on market risk in the transport sector.In reviewing contracts, establishing price limits, or arbitrating conflicts, regulatory agencies and policy advisors face significant information asymmetry in determining the appropriate allowed rate of return, or discount rate. The information gap is especially important in determining the degree of market risk - often a critical component of the cost of