Custo de capital de indústrias reguladas no Brasil

Camacho, Fernando (2004): Custo de capital de indústrias reguladas no Brasil. Published in: Revista do BNDES , Vol. 11, No. 21 (June 2004): pp. 139-164.

Abstract

The cost of capital determination for regulated industries is extremely important, both to regulators and firms, since through the pertinent rate of return it becomes possible to maintain the sustainability and expansion of the public service. The attractiveness of investments to infrastructure is essential to allow sustained economic growth, especially in emerging countries such as Brazil. Therefore, it is necessary to establish a consistent methodology for the cost of capital estimation to each regulated industry in Brazil, in order to lead potential investors, regulatory agencies and other governmental agencies involved. This work is focused on providing the subsidies necessary for the cost of capital estimation to each regulated sector in Brazil.

• Item Type: MPRA Paper
• Institution: BNDES - Banco Nacional de Desenvolvimento Econômico e Social
• English Title: Cost of capital of regulated industries in Brazil
• Language: Portuguese
• Keywords: Custo de Capital; Revisão Tarifária; Infra-estrutura
• Subjects: G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation; G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill