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Comparative Evaluation of the Predictive Risk Premium Model, the Discounted Cash Flow Model and the Capital Asset Pricing Model for Estimating the Cost of Common Equity.
- Source :
-
Electricity Journal . May2013, Vol. 26 Issue 4, p84-89. 6p. - Publication Year :
- 2013
-
Abstract
- The regulatory process for setting a utility's allowed rate of return on common equity has generally relied upon the Gordon Discounted Cash Flow Model and Capital Asset Pricing Model. The Predictive Risk Premium Model, introduced a year ago, resolves several of the widely known problems with these models. Further testing since its introduction a year ago suggests that it produces stable results which are consistent over time. [Copyright &y& Elsevier]
Details
- Language :
- English
- ISSN :
- 10406190
- Volume :
- 26
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Electricity Journal
- Publication Type :
- Academic Journal
- Accession number :
- 89107002
- Full Text :
- https://doi.org/10.1016/j.tej.2013.04.005