Regulatory risk and cost of capital: summary of views of interveiwees

Josie McLaren and Tony Appleyard

Delivered as part of 'Regulatory risk and the cost of capital in the utilities', Occasional seminars and conferences 1996

Between July 1995 and January 1996 a series of one-to-one reviews were carried out with all the regulatory bodies, seven investment analysts, five companies each in the electricity and water industries, British Gas (BG), British …

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The nature of regulatory risk

Josie McLaren and Tony Appleyard

published July 1996

Delivered as part of 'Regulatory risk and the cost of capital in the utilities', Occasional seminars and conferences 1996

Regulatory risk is a controversial topic. Firstly, does the presence of an industry regulator create regulatory risk, and, secondly, if regulatory risk does exist, should investors be compensated in the form of extra return? This …

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