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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. Lev, B, 1969. "Industry Averages As Targets For Financial Ratios," Journal of Accounting Research, Wiley Blackwell, vol. 7(2), pages 290-299.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. Sherman,Roger, 1989. "The Regulation of Monopoly," Cambridge Books, Cambridge University Press, number 9780521368629, November.
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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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