Autori
Morana, Claudio
Sawkins, John W.

Titolo
Stock market reaction to regulatory price reviews in the english and welsh water industry.
Periodico
Università degli Studi del Piemonte Orientale 'A. Avogadro' : Facoltà di Economia - Dipartimento di Scienze Economiche e Metodi Quantitativi "SEMEQ" - Quaderni
Anno: 2001 - Volume: 01 - Fascicolo: 12 - Pagina iniziale: 1 - Pagina finale: 18

In this paper we analyse the effects of regulatory activity - specifically periodic price reviews in the English and Welsh water industry - using information on share price volatility. In controlling for different volatility components we identify and discuss general market, industry and firm idiosyncratic effects. We conclude that stock market investors were favourably disposed towards the outcome of the first, and the early stages of the process leading to the second, periodic review of prices in the industry.




Esportazione dati in Refworks (solo per utenti abilitati)