The cost of capital determination for regulated industries is extremely important, both to regulators and firms, since through the pertinent rate of return it becomes possible to maintain the sustainability and expansion of the public service. The attractiveness of investments to infrastructure is essential to allow sustained economic growth, especially in emerging countries such as Brazil. Therefore, it is necessary to establish a consistent methodology for the cost of capital estimation to each regulated industry in Brazil, in order to lead potential investors, regulatory agencies and other governmental agencies involved. This work is focused on providing the subsidies necessary for the cost of capital estimation to each regulated sector in Brazil.
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
5396.
Length: Date of creation: Jun 2004 Date of revision: Publication status: Published in Revista do BNDES 21.11(2004): pp. 139-164 Handle: RePEc:pra:mprapa:5396