摘要:

AbstractThe use of competitive bidding by electric utilities to solicit new generating capacity from nonutility power producers is increasingly viewed as a promising alternative to traditional cost‐based regulation. If economic efficiency is the criterion in setting up a bidding procedure and existing characteristics of competitive and diversified bidders remain, a second‐price sealed bidding procedure with a fixed‐price power purchase contract containing energy cost‐sharing provisions appears to wo

ISSN:0143-6570    

DOI:10.1002/mde.4090120102

出版商:John Wiley&Sons, Ltd.    

年代:1991

数据来源: WILEY

ISSN:0143-6570    

DOI:10.1002/mde.4090120103

出版商:John Wiley&Sons, Ltd.    

年代:1991

数据来源: WILEY

摘要:

AbstractEstimating the cost of capital using DCF methods requires forecasting dividends. This paper shows that past dividend behavior may support more than one reasonable forecasting model and that reasonable forecasting models can lead to divergent estimates of the cost of capital. We find no way of selecting the best cost of capital estimate. Any choice must ultimately be based on ‘judgment’ of the anal

ISSN:0143-6570    

DOI:10.1002/mde.4090120104

出版商:John Wiley&Sons, Ltd.    

年代:1991

数据来源: WILEY

摘要:

AbstractThis paper reports on the development of a model designed to predict market response to a range of service alternatives that could be offered by an Australian long‐distance passenger rail service known as the Indian Pacific. The approach is based on an aggregate version of the multinomial logit choice model using stated‐preference data. Details of the model's specification and estimation are presented and the predictive ability and implications of the model are discus

ISSN:0143-6570    

DOI:10.1002/mde.4090120105

出版商:John Wiley&Sons, Ltd.    

年代:1991

数据来源: WILEY

摘要:

AbstractVarious researchers have observed that the frequency distribution of firm diversification is bimodal. The two modes are created by a majority of firms employing either very little or substantial amounts of diversification. Only a minority of firms opt for medium amounts of diversification. From theoretical discussion of the forces of efficiency and effectiveness in diversification, this work provides a rationale for the bimodality phenomenon. In turn, research implications arise regarding optimum degrees of diversification, what the impact of optimization is upon firm performance, and why the measurement of both type and degree of diversification is important.

ISSN:0143-6570    

DOI:10.1002/mde.4090120106

出版商:John Wiley&Sons, Ltd.    

年代:1991

数据来源: WILEY

摘要:

AbstractThis paper presents the findings of an empirical study on the share‐price effects of takeovers and mergers on the Dublin Stock Exchange. The population under study consists of all acquisitions during the period 1965–83, and it is limited to those instances in which both partners were quoted and traded on the exchange. The Market Model has been adapted to take account of market inefficiencies. Any findings are evaluated in the light of other reported resea

ISSN:0143-6570    

DOI:10.1002/mde.4090120107

出版商:John Wiley&Sons, Ltd.    

年代:1991

数据来源: WILEY

ISSN:0143-6570    

DOI:10.1002/mde.4090120108

出版商:John Wiley&Sons, Ltd.    

年代:1991

数据来源: WILEY

ISSN:0143-6570    

DOI:10.1002/mde.4090120109

出版商:John Wiley&Sons, Ltd.    

年代:1991

数据来源: WILEY

ISSN:0143-6570    

DOI:10.1002/mde.4090120101

出版商:John Wiley&Sons, Ltd.    

年代:1991

数据来源: WILEY