Measuring the effects of regulation: an event study of the English and Welsh water industry
AbstractAn event study methodology is used to identify and analyse the key regulatory initiatives taken by the economic regulator of the English and Welsh water industry during the period 1989-1994. By analysing movements in water company share returns relative to the stock market as a whole it is possible to see whether regulatory interventions had any effect on investor expectations. The results are consistent with the rejection of the hypothesis of regulatory capture, and with the view that the economic regulator sought to balance the demands of companies and customers through various policy initiatives.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Applied Economics Letters.
Volume (Year): 2 (1995)
Issue (Month): 10 ()
Contact details of provider:
Web page: http://www.tandf.co.uk/journals/routledge/13504851.html
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.