Risk and Return for Regulated Industries

Risk and Return for Regulated Industries
Author: Bente Villadsen,Michael J. Vilbert,Dan Harris,Lawrence Kolbe
Publsiher: Academic Press
Total Pages: 354
Release: 2017-04-27
ISBN 10: 0128125888
ISBN 13: 9780128125885
Language: EN, FR, DE, ES & NL

Risk and Return for Regulated Industries Book Review:

Risk and Return for Regulated Industries provides a much-needed, comprehensive review of how cost of capital risk arises and can be measured, how the special risks regulated industries face affect fair return, and the challenges that regulated industries are likely to face in the future. Rather than following the trend of broad industry introductions or textbook style reviews of utility finance, it covers the topics of most interest to regulators, regulated companies, regulatory lawyers, and rate-of-return analysts in all countries. Accordingly, the book also includes case studies about various countries and discussions of the lessons international regulatory procedures can offer. Presents a unified treatment of the regulatory principles and practices used to assess the required return on capital Addresses current practices before exploring the ways methods play out in practice, including irregularities, shortcomings, and concerns for the future Focuses on developed economies instead of providing a comprehensive global reviews Foreword by Stewart C. Myers

Regulatory Risk Economic Principles and Applications to Natural Gas Pipelines and Other Industries

Regulatory Risk  Economic Principles and Applications to Natural Gas Pipelines and Other Industries
Author: A. Lawrence Kolbe,William B. Tye,Stewart C. Myers
Publsiher: Springer
Total Pages: 345
Release: 2012-09-30
ISBN 10: 9781461364214
ISBN 13: 1461364213
Language: EN, FR, DE, ES & NL

Regulatory Risk Economic Principles and Applications to Natural Gas Pipelines and Other Industries Book Review:

It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of natural gas pipelines and other regulated industries.

Regulatory Risk Economic Principles and Applications to Natural Gas Pipelines and Other Industries

Regulatory Risk  Economic Principles and Applications to Natural Gas Pipelines and Other Industries
Author: A. Lawrence Kolbe,William B. Tye,Stewart C. Myers
Publsiher: Springer Science & Business Media
Total Pages: 345
Release: 2012-12-06
ISBN 10: 1461532345
ISBN 13: 9781461532347
Language: EN, FR, DE, ES & NL

Regulatory Risk Economic Principles and Applications to Natural Gas Pipelines and Other Industries Book Review:

It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of natural gas pipelines and other regulated industries.

Regulatory Risk Economic Principles and Applications to Natural Gas Pipelines and Other Industries

Regulatory Risk  Economic Principles and Applications to Natural Gas Pipelines and Other Industries
Author: A. Lawrence Kolbe,William B. Tye,Stewart C. Myers
Publsiher: Springer
Total Pages: 345
Release: 1993-04-30
ISBN 10: 0792393309
ISBN 13: 9780792393306
Language: EN, FR, DE, ES & NL

Regulatory Risk Economic Principles and Applications to Natural Gas Pipelines and Other Industries Book Review:

It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of natural gas pipelines and other regulated industries.

Determining Comparable Firms for Divisional Cost of Capital Analyses in Regulated Industries

Determining Comparable Firms for Divisional Cost of Capital Analyses in Regulated Industries
Author: Robert G. Bussa
Publsiher: Unknown
Total Pages: 21
Release: 1985
ISBN 10: 1928374650XXX
ISBN 13: UIUC:30112118484754
Language: EN, FR, DE, ES & NL

Determining Comparable Firms for Divisional Cost of Capital Analyses in Regulated Industries Book Review:

Insurance Industry

Insurance Industry
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Publsiher: Unknown
Total Pages: 135
Release: 1968
ISBN 10: 1928374650XXX
ISBN 13: MINN:31951D02113137K
Language: EN, FR, DE, ES & NL

Insurance Industry Book Review:

The Insurance Industry

The Insurance Industry
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Publsiher: Unknown
Total Pages: 135
Release: 1958
ISBN 10: 1928374650XXX
ISBN 13: UCAL:B5203625
Language: EN, FR, DE, ES & NL

The Insurance Industry Book Review:

The Insurance Industry

The Insurance Industry
Author: United States. Congress. Senate. Committee on the Judiciary
Publsiher: Unknown
Total Pages: 649
Release: 1959
ISBN 10: 1928374650XXX
ISBN 13: SRLF:A0000408559
Language: EN, FR, DE, ES & NL

The Insurance Industry Book Review:

The Insurance Industry Automobile liability insurance

The Insurance Industry  Automobile liability insurance
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Publsiher: Unknown
Total Pages: 135
Release: 1958
ISBN 10: 1928374650XXX
ISBN 13: OSU:32437122480599
Language: EN, FR, DE, ES & NL

The Insurance Industry Automobile liability insurance Book Review:

Competitive Problems in the Drug Industry

Competitive Problems in the Drug Industry
Author: United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Monopoly and Anticompetitive Activities
Publsiher: Unknown
Total Pages: 135
Release: 1967
ISBN 10: 1928374650XXX
ISBN 13: MINN:31951002814603L
Language: EN, FR, DE, ES & NL

Competitive Problems in the Drug Industry Book Review:

The Insurance Industry

The Insurance Industry
Author: United States. Congress. Senate. Judiciary
Publsiher: Unknown
Total Pages: 913
Release: 1958
ISBN 10: 1928374650XXX
ISBN 13: STANFORD:36105119506140
Language: EN, FR, DE, ES & NL

The Insurance Industry Book Review:

Competitive Problems in the Drug Industry

Competitive Problems in the Drug Industry
Author: United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Monopoly
Publsiher: Unknown
Total Pages: 135
Release: 1967
ISBN 10: 1928374650XXX
ISBN 13: SRLF:A0012163044
Language: EN, FR, DE, ES & NL

Competitive Problems in the Drug Industry Book Review:

Fisher Investments on Utilities

Fisher Investments on Utilities
Author: Fisher Investments,Theodore Gilliland,Andrew S. Teufel
Publsiher: John Wiley & Sons
Total Pages: 240
Release: 2011-03-08
ISBN 10: 0470642122
ISBN 13: 9780470642122
Language: EN, FR, DE, ES & NL

Fisher Investments on Utilities Book Review:

An in-depth look at the global Utilities universe, including electric, natural gas, and water utilities, power generation, and renewable energy Tips and tools for security analysis and portfolio management A useful guide for investing in any market condition FISHER INVESTMENTS ™ on UTILITIES The Fisher Investments On series is designed to provide individual investors, students, and aspiring investment professionals the tools necessary to understand and analyze investment opportunities—primarily for investing in global stocks. Each guide is an easily accessible primer to economic sectors, regions, or other components of the global stock market. While this guide is specifically on Utilities, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment. Following a top-down approach to investing, Fisher Investments on Utilities can help you make more informed decisions within the Utilities sector. It skillfully addresses how to determine optimal times to invest in Utilities stocks and which Utilities industries have the potential to perform well in various environments. Divided into three comprehensive parts—Getting Started, Utilities Details, and Thinking Like a Portfolio Manager—Fisher Investments on Utilities: Explains some of the sector's key macro drivers—like regulation, economic cycles, and investor sentiment Shows how to capitalize on a wide array of macro conditions and industry-specific features to help you form an opinion on each of the industries within the sector Takes you through the major components of the industries within the global Utilities sector and reveals how they operate Offers investment strategies to help you determine when and how to overweight specific industries within the sector Outlines a five-step process to help differentiate firms in this field—designed to help you identify ones with the greatest probability of outperforming Filled with in-depth insights, Fisher Investments on Utilities provides a framework for understanding this sector and its industries to help you make better investment decisions—now and in the future. With this book as your guide, you can gain a global perspective of the Utilities sector and discover strategies to help achieve your investing goals.

Federal Register

Federal Register
Author: Anonim
Publsiher: Unknown
Total Pages: 135
Release: 1976
ISBN 10: 1928374650XXX
ISBN 13: UCLA:31158002365269
Language: EN, FR, DE, ES & NL

Federal Register Book Review:

The Fund Industry Website

The Fund Industry    Website
Author: Robert Pozen,Theresa Hamacher,Don T. Phillips
Publsiher: John Wiley & Sons
Total Pages: 528
Release: 2015-02-02
ISBN 10: 1118929942
ISBN 13: 9781118929940
Language: EN, FR, DE, ES & NL

The Fund Industry Website Book Review:

A guide to how your money is managed, with foreword by Nobel laureate Robert Shiller The Fund Industry offers a comprehensive look at mutual funds and the investment management industry, for fund investors, those working in the fund industry, service providers to the industry and students of financial institutions or capital markets. Industry experts Robert Pozen and Theresa Hamacher take readers on a tour of the business of asset management. Readers will learn how to research a fund and assess whether it's right for them; then they'll go behind the scenes to see how funds are invested, sold and regulated. This updated edition expands coverage of the segments of the industry where growth is hottest, including hedge funds, liquid alternatives, ETFs and target date funds—and adds an introduction to derivatives. Mutual funds are a key component of financial planning for 96 million Americans. Nearly a quarter of U.S. household savings are invested in funds, which give individual investors affordable access to professional management. This book provides a detailed look at how firms in the industry: Invest those savings in stocks and bonds Evaluate the risks and returns of funds Distribute funds directly to consumers or through financial advisors or retirement plans Handle the complex operational and regulatory requirements of mutual funds Vote proxies at the annual meetings of public companies Expand their operations across borders Along the way, the authors describe the latest trends and discuss the biggest controversies—all in straightforward and engaging prose. The Fund Industry is the essential guide to navigating the mutual fund industry.

Strategies for Compliance

Strategies for Compliance
Author: Alan Brener
Publsiher: Routledge
Total Pages: 272
Release: 2020-12-02
ISBN 10: 1000320243
ISBN 13: 9781000320244
Language: EN, FR, DE, ES & NL

Strategies for Compliance Book Review:

Compliance is a fundamental control function within regulated industries globally. This book provides an expert introduction to corporate compliance using cases, examples and insights from the financial services sector and beyond. The author, an experienced compliance practitioner and academic, highlights compliance challenges, using examples such as Wells Fargo, whistleblowing in the financial services and the mis-selling of payment protection insurance in the UK banking sector. The book explores strategies for creating compliant cultures and fostering regulatory trust, whilst practical guidance is provided on anticipating regulatory changes. Addressing organisational obstruction and delay, the author presents a series of valuable tools and techniques for real-world practice. An essential professional development resource for board directors, compliance officers and other senior managers, the book also provides a unique learning and development resource for students of corporate compliance globally.

Price Regulation and Risk

Price Regulation and Risk
Author: Michael Hierzenberger
Publsiher: Springer Science & Business Media
Total Pages: 180
Release: 2010-08-03
ISBN 10: 3642120474
ISBN 13: 9783642120473
Language: EN, FR, DE, ES & NL

Price Regulation and Risk Book Review:

Natural monopolies are not subject to the market-based principle of competition. Consequently, it is necessary to control companies in such monopoly positions with regard to their pricing. In the future, it will become more and more important to consider a possible change in the regulation regime when the future-oriented costs of equity - both in terms of price regulation and for conducting capital market-oriented business valuations - are to be determined. Based on the principal-agent problem, the book explains this topic. The effect of a change in the regulation regime is presented in the form of two studies: an international secondary analysis of the effects on cost of equity based on event studies of the Anglo-Saxon area and a primary analysis based on the Austrian regulation policy for electricity and gas supply systems. The two studies arrive at similar results: The change from a rate-of-return regulation to incentive regulation systems leads to a significant increase in systematic risk.

Expanding Competition in Regulated Industries

Expanding Competition in Regulated Industries
Author: Michael A. Crew
Publsiher: Springer Science & Business Media
Total Pages: 207
Release: 2013-03-09
ISBN 10: 1475731922
ISBN 13: 9781475731927
Language: EN, FR, DE, ES & NL

Expanding Competition in Regulated Industries Book Review:

Expanding Competition in Regulated Industries reviews the changing regulatory environment, notably incentive regulation and competition in regulated industries. Some of the major changes in electricity, gas, and telephone utilities allow for competition in local service through unbundling. This book is of interest to researchers, utility managers, regulatory commissions, and the Federal Government.

Monopoly Problems in Regulated Industries

Monopoly Problems in Regulated Industries
Author: United States. Congress. House. Committee on the Judiciary
Publsiher: Unknown
Total Pages: 6448
Release: 1957
ISBN 10: 1928374650XXX
ISBN 13: STANFORD:36105119502172
Language: EN, FR, DE, ES & NL

Monopoly Problems in Regulated Industries Book Review:

Fair Rate of Return in Property Liability Insurance

Fair Rate of Return in Property Liability Insurance
Author: J. David Cummins,Scott E. Harrington
Publsiher: Springer Science & Business Media
Total Pages: 150
Release: 2013-03-09
ISBN 10: 9401577536
ISBN 13: 9789401577533
Language: EN, FR, DE, ES & NL

Fair Rate of Return in Property Liability Insurance Book Review:

Property-liability insurance rates for most lines of business are regulated in about one-half of the states. In most cases, this me ans that rates must be filed with the state insurance commissioner and approved prior to use. The remainder of the states have various forms of competitive rating laws. These either require that rates be filed prior to use but need not be approved or that rates need not be filed at all. State rating laws are summarized in Rand Corporation (1985). The predominant form of insurance rate regulation, prior approval, began in the late 1940s following the V. S. Supreme Court decision in United States vs. South-Eastern Underwriters Association, 322 V. S. 533 (1944). This was an anti trust case involving one of four regional associa tions of insurance companies, which constituted an insurance cartel. The case struck down an earlier decision, Paul vs. Virginia, 8 Wall 168 (1869), holding that the business of insurance was not interstate commerce and hence that state regulation of insurance did not violate the commerce clause of the V. S. Constitution. Following South-Eastern Underwriters, the Vnited States Congress passed the McCarran-Ferguson Act, which held that continued state regulation and taxation of insurance was in the public interest. The act also held that the federal antitrust laws would not apply to insurance to the extent that the business was adequately regulated by state law. (See V. S. Department of Justice 1977.