๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Capital Structure Coverage Ratios and the Rate of Return in Public Utilities

โœ Scribed by Howard E. Thompson


Book ID
124929247
Publisher
CFA Institute
Year
1972
Tongue
English
Weight
855 KB
Volume
28
Category
Article
ISSN
0015-198X

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An analysis of some aspects of regulator
โœ Chang Mo Ahn; Howard E. Thompson ๐Ÿ“‚ Article ๐Ÿ“… 1989 ๐Ÿ› Springer US ๐ŸŒ English โš– 924 KB

This paper uses a modification of the continuous time asset pricing model of Cox, Ingersoll, and Ross to analyze the effect of regulatory risk on the cost of capital. Analysis shows that random errors in setting the allowed rate of return can either increase or decrease the cost of capital depending