規制産業におけるリスクとリターン Risk and Return for Regulated Industries

Villadsen, Bente/ Vilbert, Michael J./ Harris, Dan

Academic Press Inc（2017/04発売）

• 製本 Paperback:紙装版/ペーパーバック版／ページ数 354 p.
• 言語 ENG
• 商品コード 9780128125878
• DDC分類 332.672

Full Description

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.

Contents

1. Motivation: Why a Book Now on the Required Rate of Return?2. Legal Foundations and Regulatory Frameworks for a Fair Return3. Financial Asset Pricing Principles4. The Capital Asset Pricing Model and Variations5. Discounted Cash Flow Models6. Multifactor and Other Cost of Capital Estimation Models7. Effects of Capital Structure on Cost of Capital8. Approaches to Rate Base Measurement9. Rate of Return Practices in Use10. Asymmetric Risk: Theory and Examples11. Emerging Issues and Implications for Cost of Capital