Measuring the effects of regulation: an event study of the English and Welsh water industry
An 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.
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 2 (1995)
Issue (Month): 10 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEL20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEL20|
When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:2:y:1995:i:10:p:359-362. 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: (Michael McNulty)
If references are entirely missing, you can add them using this form.