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Rate-of-return regulation and the behavior of the return on equity for electric utilities

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  • Nwaeze, Emeka T.

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  • Nwaeze, Emeka T., 1997. "Rate-of-return regulation and the behavior of the return on equity for electric utilities," Journal of Economics and Business, Elsevier, vol. 49(5), pages 491-510.
    • Handle: RePEc:eee:jebusi:v:49:y:1997:i:5:p:491-510
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    References listed on IDEAS

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    1. Willard T. Carleton, 1974. "Rate of Return, Rate Base and Regulatory Lag under Conditions of Changing Capital Costs," Land Economics, University of Wisconsin Press, vol. 50(2), pages 145-151.
    2. Aharony, Joseph & Falk, Haim, 1982. "The effectiveness of electric utility price regulation in the 1970s a stochastic dominance analysis," Journal of Accounting and Public Policy, Elsevier, vol. 1(1), pages 59-77.
    3. Ingo Vogelsang & Jorg Finsinger, 1979. "A Regulatory Adjustment Process for Optimal Pricing by Multiproduct Monopoly Firms," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 157-171, Spring.
    4. Robert H. Litzenberger & Cherukuri U. Rao, 1971. "Estimates of the Marginal Rate of Time Preference and Average Risk Aversion of Investors in Electric Utility Shares: 1960-66," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 265-277, Spring.
    5. Sherman,Roger, 1989. "The Regulation of Monopoly," Cambridge Books, Cambridge University Press, number 9780521368629, January.
    6. Lev, B, 1969. "Industry Averages As Targets For Financial Ratios," Journal of Accounting Research, Wiley Blackwell, vol. 7(2), pages 290-299.
    7. David Sappington, 1980. "Strategic Firm Behavior under a Dynamic Regulatory Adjustment Process," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 360-372, Spring.
    8. Taggart, Robert A, Jr, 1981. "Rate-of-Return Regulation and Utility Capital Structure Decisions," Journal of Finance, American Finance Association, vol. 36(2), pages 383-393, May.
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    Cited by:

    1. Emeka T. Nwaeze, 1998. "Regulation and the Valuation Relevance of Book Value and Earnings: Evidence from the United States," Contemporary Accounting Research, John Wiley & Sons, vol. 15(4), pages 547-573, December.
    2. Shiyou Li & Emeka Nwaeze & Jennifer Yin, 2016. "Earnings management in the electric utility industry: profit incentives," Review of Quantitative Finance and Accounting, Springer, vol. 46(3), pages 633-660, April.
    3. Emeka T. Nwaeze, 1998. "Public Utility Regulation in the US and Asymmetric Return Responses to Positive and Negative Abnormal Earnings," Multinational Finance Journal, Multinational Finance Journal, vol. 2(4), pages 269-293, December.

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