Regulatory changes in the electric utility industry: investigation of effects on shareholder wealth
Article Abstract:
A study was conducted to analyze the market reaction of the electric utility industry to the Energy Policy Act of 1992 and the 1993 announcement by the Federal Energy Regulatory Commission that promoted competition in Florida. Multivariate analysis was carried out to examine the redistribution of wealth within the industry. Results indicated that regulatory changes in the industry and the opening of a transmission line had a negative influence on the stock values of electric utilities.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 1998
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Pesticide industry regulation: economic consequences as revealed through stock price behavior
Article Abstract:
The economic consequences of pesticide regulation on US pesticide producers were analyzed using event study methodology. Common stock prices were used to determine economic impacts on firm value. It was concluded, among others, that pesticide regulation can impact negatively on pesticide firm values and that different types of regulatory actions will result in different return impacts on the pesticide industry.
Publication Name: Agribusiness
Subject: Business
ISSN: 0742-4477
Year: 1992
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Market valuation and deregulation of electric utilities
Article Abstract:
A new study investigates the effect of continuing deregulation in the electric utility sector on the relationship between book value, market value and earnings.
Publication Name: The Journal of Accounting and Economics
Subject: Business
ISSN: 0165-4101
Year: 2000
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