1. Ktisis Cyprus University of Technology
  2. Cyprus University of Technology (Research Output)
  3. Άρθρα/Articles
Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14279/9839
DC FieldValueLanguage
dc.contributor.authorMichelfelder, Richard A.-
dc.contributor.authorTheodossiou, Panayiotis-
dc.date.accessioned2017-02-23T10:41:22Z-
dc.date.available2017-02-23T10:41:22Z-
dc.date.issued2013-11-
dc.identifier.citationElectricity Journal, 2013, vol. 26, no. 9, pp. 60-68en_US
dc.identifier.issn10406190-
dc.identifier.urihttps://hdl.handle.net/20.500.14279/9839-
dc.description.abstractThe Capital Asset Pricing Model (CAPM) is commonly used in public utility rate proceedings to estimate the cost of capital and allowed rate of return. The beta in the CAPM associates risk with estimated return. However, an empirical analysis suggests that the commonly used Blume CAPM beta adjustment is not appropriate for electric and electric and gas public utility betas, and may bias the cost of common equity capital in public utility rate proceedings.en_US
dc.formatpdfen_US
dc.language.isoenen_US
dc.relation.ispartofThe Electricity Journalen_US
dc.rights© Elsevieren_US
dc.subjectCapital Asset Pricing Modelen_US
dc.subjectCAPMen_US
dc.titlePublic utility beta adjustment and biased costs of capital in public utility rate proceedingsen_US
dc.typeArticleen_US
dc.collaborationRutgers University-Camden campusen_US
dc.collaborationCyprus University of Technologyen_US
dc.subject.categoryEconomics and Businessen_US
dc.journalsSubscriptionen_US
dc.countryUnited Statesen_US
dc.countryCyprusen_US
dc.subject.fieldSocial Sciencesen_US
dc.publicationPeer Revieweden_US
dc.identifier.doi10.1016/j.tej.2013.09.017en_US
dc.relation.issue9en_US
dc.relation.volume26en_US
cut.common.academicyear2013-2014en_US
dc.identifier.spage60en_US
dc.identifier.epage68en_US
item.fulltextNo Fulltext-
item.languageiso639-1en-
item.grantfulltextnone-
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.cerifentitytypePublications-
item.openairetypearticle-
crisitem.author.deptDepartment of Finance, Accounting and Management Science-
crisitem.author.facultyFaculty of Management and Economics-
crisitem.author.orcid0000-0001-5556-2594-
crisitem.author.parentorgFaculty of Management and Economics-
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