Rate-of-Return Attrition and Inflation-Induced Penalties in Public Utility Common Stocks

Wallace N. Davidson and John L. Glascock

The Energy Journal, 1984, vol. 5, issue 4, 65-72

Abstract: While the rate of inflation seems to be easing, the interest in its impact on corporate security prices (Feldstein, 1980) and on corporate investment policy (Caks, 1981; Higgins, 1977) has continued. Unlike nonregulated firms, utilities face the added difficulties of regulation-induced inflation penalties and return on equity (ROE) attrition.

Keywords: Rate of return attrition; Public utility stocks; Corporate investment policy; Regulation induced inflation penalties (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:5:y:1984:i:4:p:65-72

DOI: 10.5547/ISSN0195-6574-EJ-Vol5-No4-6

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