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Adjustment process of the price to book ratio for regulated utilities.
- Source :
- Financial Review; Nov98, Vol. 33 Issue 4, p125, 15p, 9 Charts
- Publication Year :
- 1998
-
Abstract
- Presents the results of a study which examined whether shifts in the price to book ratio (PB) of electric utilities follow a partial adjustment rather than the pure adjustment process implied by the cost-plus pricing policy of regulation. Similarity/dissimilarity in the time-series behavior of PB for regulated and non-regulated firms; Link between PB shifts and future profits and investments.
Details
- Language :
- English
- ISSN :
- 07328516
- Volume :
- 33
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Financial Review
- Publication Type :
- Academic Journal
- Accession number :
- 1444595
- Full Text :
- https://doi.org/10.1111/j.1540-6288.1998.tb01401.x