Abnormal stock returns and public policy
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A. Antoniou; D.G. Barr; R. Priestley
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Article
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2000
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John Wiley and Sons
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English
โ 197 KB
๐ 1 views
In common with privatisation issues around the world, those of UK utilities have earned very high returns on a continuing basis. This presents an asset pricing puzzle and has been used as a justification for the imposition of a 'windfall' tax. This paper presents a framework for analysing the compos