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Springer - Regulatory Risk and The Cost of Capital_Determinants and Regulations for Rate Regulation (B. Pedell 2006).pdf

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Springer - Regulatory Risk and The Cost of Capital_Determinants and Regulations for Rate Regulation (B. Pedell 2006).pdf

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文档介绍:Regulatory Risk and the Cost of Capital
Determinants and Implications for Rate Regulation
Burkhard Pedell
Regulatory Risk
and the Cost of Capital
Determinants and Implications
for Rate Regulation
With 18 Figures and 13 Tables
12
Professor Dr. Burkhard Pedell
University of Stuttgart
Betriebswirtschaftliches Institut
Abteilung V ± Lehrstuhl Controlling
Keplerstraûe 17
70174 Stuttgart
Germany
burkhard.******@-stuttgart
ISBN-10 3-540-30801-6 Springer Berlin Heidelberg New York
ISBN-13 978-3-540-30801-0 Springer Berlin Heidelberg New York
Cataloging-in-Publication Data
Library of Congress Control Number: 2005938554
This work is subject to copyright. All rights are reserved, whether the whole or part of
the material is concerned, specifically the rights of translation, reprinting, reuse of illus-
trations, recitation, broadcasting, reproduction on microfilm or in any other way, and
storage in data banks. Duplication of this publication or parts thereof is permitted only
under the provisions of the German Copyright Law of September 9, 1965, in its current
version, and permission for use must always be obtained from Springer-Verlag. Violations
are liable for prosecution under the German Copyright Law.
Springer is a part of Springer Science+Business Media
° Springer Berlin ´ Heidelberg 2006
Printed in Germany
The use of general descriptive names, registered names, trademarks, etc. in this publica-
tion does not imply, even in the absence of a specific statement, that such names are
exempt from the relevant protective laws and regulations and therefore free for general
use.
Hardcover-Design: Erich Kirchner, Heidelberg
SPIN 11596783 88/3153-5 4 3 2 1 0 ± Printed on acid-free paper
Foreword
One of the central objectives of the European Union is the liberalization of
markets and, in particular, of utility sectors such as the munica-
tions, postal services, and energy sectors. National regulatory systems and
authorities are inst