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

Article Abstract:

An analysis of the effects of rate-of-return regulation on the equity of electric utilities reveals that competition exerts more immediate effects on profit than regulation. The study also reveals that profit adjustment length is positively affected by incentive regulation and that this finding may be related to incentive policy as the profit adjustment horizon of utilities is longer than that of manufacturing industries.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Electric services, Utility Rates Regulation, Prices and rates, Utility regulations, Rate regulation

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Subscriber return, underpricing, and long-term performance of U.K. privatization initial public offers

Article Abstract:

Subscriber return and issuer underpricing are distinguished in the study. Their magnitudes for UK privatization initial public offers are also measured. Empirical models are proposed and tested, taking into account institutional, theoretical and other factors which play roles in subscriber returns and issuer underpricing.

United Kingdom, Research, Securities, Going public (Securities), Initial public offerings

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Contagion: a fear for African equity markets?

Article Abstract:

During the past decade, the events in emerging financial markets have given rise to a debate about the role of globally integrated capital markets in financial crises. The larger and the more integrated markets of Egypt and South Africa suffered from contagion during the Hong Kong crisis of 1997.

Management dynamics, Africa, Egypt, Management, Capital market, Capital markets, Company business management, Financial crises

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