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dc.contributor.convenorFrieda McLoughan
dc.contributor.authorBornholt, Graham
dc.contributor.editorAIBF (Frieda McLoughlin)
dc.date.accessioned2017-05-03T14:28:41Z
dc.date.available2017-05-03T14:28:41Z
dc.date.issued2005
dc.date.modified2007-03-21T21:24:23Z
dc.identifier.urihttp://hdl.handle.net/10072/2770
dc.description.abstractThis paper raises two new concerns about the cost of capital methodology that is employed by Australian regulators when determining the prices that regulated entities may charge. The identified errors in current practice both tend to underestimate the required rate of return, and so may be causing an underinvestment in important infrastructure. The first error arises from an inconsistency in the way that cost of equity and cost of debt are typically determined. The second error is to assume that existing shareholders and their board of directors will happily approve a major expansion that is to be financed by new issues that will bring existing shareholders no benefits.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherAustralasian Institute of Banking and Finance
dc.publisher.placeMelbourne
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofconferencename10th AIBF Banking and Finance Conference
dc.relation.ispartofconferencetitleMarkets, efficiency & regulation - our on-going challenge
dc.relation.ispartofdatefrom2005-09-29
dc.relation.ispartofdateto2005-09-30
dc.relation.ispartoflocationMelbourne
dc.rights.retentionY
dc.subject.fieldofresearchcode350301
dc.titleTwo Concerns about the Cost of Capital Methodology used in Regulated Pricing Decisions
dc.typeConference output
dc.type.descriptionE1 - Conferences
dc.type.codeE - Conference Publications
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2005
gro.hasfulltextNo Full Text
gro.griffith.authorBornholt, Graham N.


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    Contains papers delivered by Griffith authors at national and international conferences.

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