Regulatory Structure and Risk and Infrastructure Firms: An International Comparison.
December 1996 How does choice of regulatory regime affect the level of shareholder risk in regulated companies? A new study shows that investors bear the greatest nondiversifiable risk with price caps and the least with rate-of-return regulation. Evidence about how choice of regulatory regime affect...
| Main Authors: | , , |
|---|---|
| Format: | Working paper |
| Language: | English |
| Published: |
World Bank
1999
|