| Author: | Blacconiere, W.G. Johnson, M.F. Johnson, M.S. |
| Title: | Market valuation and deregulation of electric utilies |
| Journal: | Journal of Accounting & Economics
2000 : APR, VOL. 29:2, p. 231-260 |
| Index terms: | Markets Valuation Electrical equipment industry Deregulation |
| Language: | eng |
| Abstract: | The study examines the effect of ongoing deregulation in the electric utility industry on the relation between market value, book value, and earnings. It is predicted that deregulation decreases (increases) the relative importance of book value (earnings) in explaining price. |
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