Stock market reaction to regulatory price reviews in the English and Welsh water industry

Claudio Morana, John W. Sawkins

    Research output: Contribution to journalArticlepeer-review

    2 Citations (Scopus)

    Abstract

    In this paper we analyze 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 favorably 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.

    Original languageEnglish
    Pages (from-to)185-204
    Number of pages20
    JournalJournal of Regulatory Economics
    Volume22
    Issue number2
    DOIs
    Publication statusPublished - 2002

    Fingerprint

    Dive into the research topics of 'Stock market reaction to regulatory price reviews in the English and Welsh water industry'. Together they form a unique fingerprint.

    Cite this