Some Remark on Asset Pricing in the Environment of Regulated Gas Distribution in the Czech Republic
AbstractThe paper deals with selected issues prevalent in the environment of regulated gas distribution. Regulation which ensures for investors an up-front known rate of return lead in valuation of an individual investment projects to obstacles we do not meet in other fully liberal markets. Solution of these obstacles often lies beyond the scope of investor´s interest, has potentionally tremendous macroeconomical consequences and there requires a tight cooperation between the companies in the industry and Regulator.
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Bibliographic InfoArticle provided by University of Economics, Prague in its journal Ekonomika a Management.
Volume (Year): 2008 (2008)
Issue (Month): 1 ()
Postal: Redakce Ekonomika a management, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
Find related papers by JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Elton, Edwin J & Gruber, Martin J, 1971. "Valuation and the Cost of Capital for Regulated Industries," Journal of Finance, American Finance Association, vol. 26(3), pages 661-70, June.
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