IDEAS home Printed from https://ideas.repec.org/a/prg/jnleam/v2008y2008i1id12.html
   My bibliography  Save this article

Some Remark on Asset Pricing in the Environment of Regulated Gas Distribution in the Czech Republic

Author

Listed:
  • Jiří Hnilica

Abstract

The 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.

Suggested Citation

  • Jiří Hnilica, 2008. "Some Remark on Asset Pricing in the Environment of Regulated Gas Distribution in the Czech Republic," Ekonomika a Management, University of Economics, Prague, vol. 2008(1).
  • Handle: RePEc:prg:jnleam:v:2008:y:2008:i:1:id:12
    as

    Download full text from publisher

    File URL: http://www.vse.cz/polek/download.php?jnl=eam&pdf=12.pdf
    Download Restriction: free of charge

    File URL: http://www.vse.cz/eam/12
    Download Restriction: free of charge

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. 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 661-670, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    oceňování aktiv; Asset Pricing; regulace; Regulation; distribuce plynu; Gas distribution;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnleam:v:2008:y:2008:i:1:id:12. See general 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: (Frantisek Sokolovsky). General contact details of provider: http://edirc.repec.org/data/uevsecz.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.