Autori
Monarca, Umberto
Surdi, Giuseppe

Titolo
La regolazione dell'equity risk premium: una prima analisi istituzionale
Periodico
L'industria
Anno: 2017 - Fascicolo: 4 - Pagina iniziale: 537 - Pagina finale: 554

The equity risk premium is a key element of allowed rate of return for regulated infrastructural utilities. Since the 2008 economic and financial crisis, capital markets conditions and macroeconomic imbalances have deeply affected market risk premia and risk free rates, in particular in the Eurozone: new challenges for regulation have arisen as a consequence. We address the recent economic literature on the determinants of equity risk premium, reviewing the main estimation methods adopted by regulators. We briefly analyze national regulation Authorities' approaches to equity risk premium and their recent evolutions. Finally, we conclude with some considerations on the role of equity risk premium in regulatory setup.



SICI: 0019-7416(2017)4<537:LRDRPU>2.0.ZU;2-W
Testo completo: https://www.rivisteweb.it/download/article/10.1430/89554
Testo completo alternativo: https://www.rivisteweb.it/doi/10.1430/89554

Esportazione dati in Refworks (solo per utenti abilitati)

Biblioteche ACNP che possiedono il periodico