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Corporate cash flows are highly volatile and strongly procyclical. We examine the assetpricing implications of the sensitivity of corporate cash flows to economic shocks within a
continuo...
Deregulation of the Electric Power Industry: The Earnings, Risk, and Return Effects
the Electric Power Industry The Earnings Risk Return Effects
2010/11/5
This study tests whether recent reforms of the electric power industry reverse the predicted effects of regulation on profits, risk, and return for electric utilities. The analysis also considers pote...