Empirical Secondary Data Analysis

Michael Hierzenberger ()

Chapter Chapter 4 in Price Regulation and Risk, 2010, pp 45-65 from Springer

Abstract: Abstract Chapter 4 examines whether decisions from regulatory agencies on future regulation parameters, contingent on the applied regulatory system (ROR-regulation or RPI-X regulation), have significant differences. Each decision to be reached by the regulatory agency or the complexity of the calculation is defined as the regulation parameter. The economic consequences for price-regulated companies resulting from these decisions by the regulatory agency are identified as regulatory risk. Regulatory risk is a component of unsystematic risk. Unsystematic risk is primarily of significance only for investors that are not completely diversified. For investors that are completely diversified, the systematic risk component is not relevant for business valuation.

Keywords: Cash Flow; Abnormal Return; Event Study; Systematic Risk; Market Model (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-12047-3_4

Ordering information: This item can be ordered from
http://www.springer.com/9783642120473

DOI: 10.1007/978-3-642-12047-3_4

Access Statistics for this chapter

More chapters in Lecture Notes in Economics and Mathematical Systems from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().