This work is licensed under the Creative Commons Attribution 4.0 International License.
Alexander, I., Estache, A. and Oliveri, A. (2000) ‘A few things transport regulators should know about risk and the cost of capital’, Utilities Policy, 9:1, pp. 1–13.AlexanderI.EstacheA.OliveriA. (2000) ‘A few things transport regulators should know about risk and the cost of capital’, , 9:1, pp. 1–13.Search in Google Scholar
Alexander, I., Mayer, C. and Weeds, H. (1996) ‘Regulatory structure and risk and infrastructure firms: An international comparison’, World Bank Policy Research Working Paper.AlexanderI.MayerC.WeedsH. (1996) ‘Regulatory structure and risk and infrastructure firms: An international comparison’, .Search in Google Scholar
Antoniou, A. and Pescetto, G. M. (1997) ‘The effect of regulatory announcements on the cost of equity capital of British Telecom’, Journal of Business Finance and Accounting, 24:1, pp.1–26.AntoniouA.PescettoG. M. (1997) ‘The effect of regulatory announcements on the cost of equity capital of British Telecom’, , 24:1, pp.1–26.Search in Google Scholar
Aubert, C. and Reynaud, A. (2005) ‘The impact of regulation on cost efficiency: An empirical analysis of Wisconsin Water Utilities’, Journal of Productivity Analysis, 23, pp. 383–409.AubertC.ReynaudA. (2005) ‘The impact of regulation on cost efficiency: An empirical analysis of Wisconsin Water Utilities’, , 23, pp. 383–409.Search in Google Scholar
Asia Society (2009) Asia’s Next Challenge: Securing the Region’s Water Future, https://asiasociety.org/files/pdf/WaterSecurityReport.pdf.Asia Society (2009) , https://asiasociety.org/files/pdf/WaterSecurityReport.pdf.Search in Google Scholar
Barcelos, L. C. (2010) ‘Essays on regulatory risk issues’, Doctor of Public Administration, Getulio Vargas Foundation, Brazil.BarcelosL. C. (2010) ‘’, Doctor of Public Administration, Getulio Vargas Foundation, Brazil.Search in Google Scholar
Beaver, W., Kettler, P. and Scholes, M. (1970) ‘The association between market determined and accounting determined risk measures’, Accounting review, 45:4, pp. 654–682.BeaverW.KettlerP.ScholesM. (1970) ‘The association between market determined and accounting determined risk measures’, , 45:4, pp. 654–682.Search in Google Scholar
Beecher, J. (2009) ‘Water pricing and the cost of service in the United States’, paper prepared for OECD, Institute for Public Utilities, Michigan State University.BeecherJ. (2009) ‘Water pricing and the cost of service in the United States’, , Institute for Public Utilities, Michigan State University.Search in Google Scholar
Beecher, J. G., Dreese, R. and Stanford, J.D. (1995) ‘Regulatory implications of water utility privatization’, The National Regulatory Research Institute, Columbus, OH, U.S.A.BeecherJ. G.DreeseR.StanfordJ.D. (1995) ‘’, The National Regulatory Research Institute, Columbus, OH, U.S.A.Search in Google Scholar
Bianchi, R., Drew, M., and Walk, A. (2014) ‘Is Infrastructure an Asset Class? An Asset Pricing Approach’, CSIRO-MONASH Working Paper No 2014-11.BianchiR.DrewM.WalkA. (2014) ‘Is Infrastructure an Asset Class? An Asset Pricing Approach’, .Search in Google Scholar
Binder, J. J. and Norton, S. W. (1999) ‘Regulation, profit variability and beta’, Journal of Regulatory Economics, 15:3, pp. 249–266.BinderJ. J.NortonS. W. (1999) ‘Regulation, profit variability and beta’, , 15:3, pp. 249–266.Search in Google Scholar
Buckland, R., and P. Fraser (2000) ‘Abnormal returns in the UK water industry since privatization’, Working Paper No. 00-10, Aberdeen Papers in Accountancy, Finance and Management, University of Aberdeen, Scotland.BucklandR.FraserP. (2000) ‘Abnormal returns in the UK water industry since privatization’, , Aberdeen Papers in Accountancy, Finance and Management, University of Aberdeen, Scotland.Search in Google Scholar
Buckland, R. and Fraser, P. (2001) ‘Political and regulatory risk in water utilities: Beta sensitivity in the United Kingdom,’ Journal of Business Finance and Accounting, 28:7-8, pp. 877–904.BucklandR.FraserP. (2001) ‘Political and regulatory risk in water utilities: Beta sensitivity in the United Kingdom,’, 28:7-8, pp. 877–904.Search in Google Scholar
Buckland, R., Williams, J. and Beecher, J. (2015) ‘Risk and regulation in water utilities: A cross-country comparison of evidence from the CAPM’, Journal of Regulatory Economics, 47:2, pp. 117–145.BucklandR.WilliamsJ.BeecherJ. (2015) ‘Risk and regulation in water utilities: A crosscountry comparison of evidence from the CAPM’, , 47:2, pp. 117–145.Search in Google Scholar
Chalmeau, O. (2013) Determinants of European telecommunication operators systematic risk, Paper presented at the 24th European Regional Conference ofthe International Telecommunication Society, Florence, Italy, https://www.econstor.eu/dspace/bitstream/10419/88495/1/773115358.pdfChalmeauO. (2013) , Paper presented atthe 24th European Regional Conference of the International Telecommunication Society, Florence, Italy, https://www.econstor.eu/dspace/bitstream/10419/88495/1/773115358.pdfSearch in Google Scholar
Chen, A. H. and Sanger, G. C. (1985) ‘An analysis of the impact of regulatory change: The case of natural gas deregulation’, Financial Review, 20:1, pp. 36–54.ChenA. H.SangerG. C. (1985) ‘An analysis of the impact of regulatory change: The case of natural gas deregulation’, , 20:1, pp. 36–54.Search in Google Scholar
Cooper, I. and Currie, D. (1999) The Cost of Capital for the UK Water Sector, Regulation Initiative WorkingPaper, Number 28, http://dx.doi.org/10.2139/ssrn.320761CooperI.CurrieD. (1999) The Cost of Capital for the UK Water Sector, , http://dx.doi.org/10.2139/ssrn.320761Search in Google Scholar
Crew, M. A. and Kahlon, R. S. (2014) ‘Guaranteed return regulation: a case study of regulation of water in California’, Journal of Regulatory Economics,46, pp. 112–121.CrewM. A.KahlonR. S. (2014) ‘Guaranteed return regulation: a case study of regulation of water in California’, ,46, pp. 112–121.Search in Google Scholar
Davidson, W. N., Rangan, N. and Rosenstein, S. (1997) ‘Regulation and systematic risk in the electric utility industry: A test of the buffering hypothesis’, Financial Review, 32:1, pp. 163–184.DavidsonW. N.RanganN.RosensteinS. (1997) ‘Regulation and systematic risk in the electric utility industry: A test of the buffering hypothesis’, , 32:1, pp. 163–184.Search in Google Scholar
Dickinson, C. (2010) ‘Water: source of life, source of returns’, Structured Products, 7:1, pp. 20–22.DickinsonC. (2010) ‘Water: source of life, source of returns’, , 7:1, pp. 20–22.Search in Google Scholar
Dore, D., Peiyuan, G., Nette, A.-S. and An, J. (2010) Water in China: Issues for responsible investors, Responsible Research Pte Ltd, Singapore.DoreD.PeiyuanG.NetteA.-S.AnJ. (2010) , Responsible Research Pte Ltd, Singapore.Search in Google Scholar
Ergas, H., Hornby, J., Little, I. and Small, J. (2001) ‘Regulatory Risk’, ACCC Regulation and Investment conference, Manly, pp. 26-27, http://dx.doi.org/10.2139/ssrn.1928292ErgasH.HornbyJ.LittleI.SmallJ. (2001) ‘’, ACCC Regulation and Investment conference, Manly, pp. 26℃27, http://dx.doi.org/10.2139/ssrn.1928292Search in Google Scholar
Ernst and Young (2008) Strategic Business Risk: 2008 the Top 10 Risks for Business, EYGM Limited, http://www.nws.com.hk/newsletter/RiskHorizon/issuel/doc/issuel/Ref%206%20Strategic%20_Business%20Risk%202008%20the%20Top%2010%20Risks%20for%20Business.pdf.Ernst and Young (2008) , EYGM Limited, http://www.nws.com.hk/newsletter/RiskHorizon/issuel/doc/issuel/Ref%206%20Strategic%20_Business%20Risk%202008%20the%20Top%2010%20Risks%20for%20Business.pdf.Search in Google Scholar
European Small and Medium-sized Enterprises Center (EU SME) (2013) ‘The Water Sector in China’, Beijing.European Small and Medium-sized Enterprises Center (EU SME) (2013) ‘’, Beijing.Search in Google Scholar
Fraser, D. R. and Kannan, S. (1990) ‘Deregulation and risk: Evidence from earnings forecasts and stock prices’, Financial Management, 19:4, pp. 68–76.FraserD. R.KannanS. (1990) ‘Deregulation and risk: Evidence from earnings forecasts and stock prices’, , 19:4, pp. 68–76.Search in Google Scholar
Gaggero, A. A. (2012) ‘Regulation And Risk: A Cross-Country Survey of Regulated Companies’, Bulletin of Economic Research, 64:2, pp. 26–238.GaggeroA. A. (2012) ‘Regulation And Risk: A Cross-Country Survey of Regulated Companies’, , 64:2, pp. 26–238.Search in Google Scholar
Grayburn, J., Hern, R. and Lay, H. (2002) A report for the national audit office on regulatory risk, Pipes and Wires, National Audit Office, UK.GrayburnJ.HernR.LayH. (2002) , National Audit Office, UK.Search in Google Scholar
Grout, P. A. and Zalewska, A. (2006) ‘The impact of regulation on market risk’, Journal of financial economics, 80:1, pp. 149–184.GroutP. A.ZalewskaA. (2006) ‘The impact of regulation on market risk’, , 80:1, pp. 149–184.Search in Google Scholar
Hutterer, J. (2008) China’s Water Market — Opportunities for Foreign Investors, China Aktuell, 2, pp. 157-177, http://www.grasshopperinvestments.com/downloads/67_Der_chinesische_Wassermarkt.pdfHuttererJ. (2008) , 2, pp. 157–177, http://www.grasshopperinvestments.com/downloads/67_Der_chinesische_Wassermarkt.pdfSearch in Google Scholar
Jamasb, T., Mota, R., Newbery, D. and Pollitt, M. (2005) ‘Electricity sector reform in developing countries: A survey of empirical evidence on determinants and performance’, Working paper, World Bank Policy Research, No. 3549.JamasbT.MotaR.NewberyD.PollittM. (2005) ‘Electricity sector reform in developing countries: A survey of empirical evidence on determinants and performance’, .Search in Google Scholar
Jin, Y., Li, B., Roca, E. and Wong, V. (2014) ‘Investment returns in the water industry: A survey’, International Journal of Water, 8:2, pp. 183–199.JinY.LiB.RocaE.WongV. (2014) ‘Investment returns in the water industry: A survey’, , 8:2, pp. 183–199.Search in Google Scholar
Klein, M. (1996) ‘Economic Regulation of Water Companies’, Working Paper, World Bank Policy Research No.1649, http://documents.worldbank.org/curated/en/282871468766218628/pdf/multi- page.pdf.KleinM. (1996) ‘Economic Regulation ofWater Companies’, , http://documents.worldbank.org/curated/en/282871468766218628/pdf/multi-page.pdf.Search in Google Scholar
Kobrin, S. J. (1979) ‘Political risk : A review and reconsideration’, Journal of International Business Studies, 10, pp. 67–80.KobrinS. J. (1979) ‘Political risk : A review and reconsideration’, , 10, pp. 67–80.Search in Google Scholar
Lee, S. (2007) ‘Private sector participation in the Shanghai water sector,’ Water Policy, 9:4, pp. 405–423.LeeS. (2007) ‘Private sector participation in the Shanghai water sector,’, 9:4, pp. 405–423.Search in Google Scholar
Lewis, D. and Zheng, H. (2018) ‘How could water markets like Australia’s work in China?’, International Journal of Water Resources Development, pp. 1-21, https://www.tandfonline.com/doi/pdf/10.1080/07900627.2018.1457514?needAccess=trueLewisD.ZhengH. (2018) ‘How could water markets like Australia’s work in China?’, , pp. 1–21, https://www.tandfonline.com/doi/pdf/10.1080/07900627.2018.1457514?needAccess=trueSearch in Google Scholar
Logue, D. E. and Merville, L. J. (1972) ‘Financial policy and market expectations’, Financial Management, 1: 2, pp. 37–44.LogueD. E.MervilleL. J. (1972) ‘Financial policy and market expectations’, , 1: 2, pp. 37–44.Search in Google Scholar
MacGillivray, B. H., Hamilton, P. D., Strutt, J. E. and Pollard, S.J.T. (2006) ‘Risk analysis strategies in the water utility sector: An inventory of applications for better and more credible decision making’, Critical Reviews in Environmental Science and Technology, 36:2, pp. 85–139.MacGillivrayB. H.HamiltonP. D.StruttJ. E.PollardS.J.T. (2006) ‘Risk analysis strategies in the water utility sector: An inventory of applications for better and more credible decision making’, , 36:2, pp. 85–139.Search in Google Scholar
Morana, C., and Sawkins, J. W. (2000) ‘Regulatory uncertainty and share price volatility: The English and Welsh water industry’s periodic price review’, Journal of Regulatory Economics, 17, 87–100.MoranaC.SawkinsJ. W. (2000) ‘Regulatory uncertainty and share price volatility: The English and Welsh water industry’s periodic price review’, , 17, 87–100.Search in Google Scholar
Nickum, J. (2010) ‘Water policy reform in China’s fragmented hydraulic state: Focus on self- funded/managed irrigation and drainage districts’, Water Alternatives, 3:3, pp. 537–551.NickumJ. (2010) ‘Water policy reform in China’s fragmented hydraulic state: Focus on self- funded/managed irrigation and drainage districts’, , 3:3, pp. 537–551.Search in Google Scholar
Norton, S. W. (1985) ‘Regulation and systematic risk: The case of electric utilities’, Journal of Law and Economics, 28:3, p. 671–686.NortonS. W. (1985) ‘Regulation and systematic risk: The case of electric utilities’, , 28:3, p.671–686.Search in Google Scholar
Nwaeze, E. T. (2000) ‘Deregulation of the electric power industry: The earnings, risk, and return effects’, Journal of Regulatory Economics, 17:1, pp. 49–67.NwaezeE. T. (2000) ‘Deregulation of the electric power industry: The earnings, risk, and return effects’, , 17:1, pp. 49–67.Search in Google Scholar
Olstein, M., Jennings J., Geist R., and King, R. (2009) Improving water utility capital efficiency, Water Research Foundation, http://www.waterrf.org/PublicReportLibrary/91257.pdfOlsteinM.JenningsJ.GeistR.KingR. (2009) , Water Research Foundation, http://www.waterrf.org/PublicReportLibrary/91257.pdfSearch in Google Scholar
Organisation for Economic Co-operation and Development (OECD) (2009) OECD reviews of regulatory reform: China 2009, France, Paris.Organisation for Economic Co-operation and Development (OECD) (2009) , France, Paris.Search in Google Scholar
Paleari, S. and Redondi, R. (2005) ‘Regulation effects on company beta components’, Bulletin of Economic Research, 57:4, pp. 317–346.PaleariS.RedondiR. (2005) ‘Regulation effects on company beta components’, , 57:4, pp. 317–346.Search in Google Scholar
Panayiotou, A. (2017) ‘Infrastructure as a Financial Asset Class’, doctoral thesis, University College London.PanayiotouA. (2017) ‘’, doctoral thesis, University College London.Search in Google Scholar
Peltzman, S. (1976) ‘Toward a more general theory of regulation’, Journal of Law and Economics, 19, pp. 211–246.PeltzmanS. (1976) ‘Toward a more general theory of regulation’, , 19, pp. 211–246.Search in Google Scholar
Pescetto, G. M. (2008) ‘Regulation and systematic risk: The case of the water industry in England and Wales’, Applied Financial Economics, 18:1, pp. 61–73.PescettoG. M. (2008) ‘Regulation and systematic risk: The case of the water industry in England and Wales’, , 18:1, pp. 61–73.Search in Google Scholar
Pinsent Masons. (2004) Pinsent Masons Water Yearbook 2004 - 2005, London.Pinsent Masons. (2004) , London.Search in Google Scholar
Pinsent Masons. (2007) Pinsent Masons Water Yearbook 2007 - 2008, London.Pinsent Masons. (2007) , London.Search in Google Scholar
Pinsent Masons. (2009) Pinsent Masons Water Yearbook 2009 - 2010, London.Pinsent Masons. (2009) , London.Search in Google Scholar
Preqin (2011) Infrastructure Spotlight, http://docs.preqin.com/newsletters/inf/lnfra_Spotlight_September_2011.pdfPreqin (2011) , http://docs.preqin.com/newsletters/inf/lnfra_Spotlight_September_2011.pdfSearch in Google Scholar
PWC (2018) Investing in the ASEAN infrastructure asset class, Infrastructure Series Report 3, https://www.pwc.com/sg/en/publications/assets/cpi-report-3-infrastructure-asset-class.pdf.PWC (2018) , https://www.pwc.com/sg/en/publications/assets/cpi-report-3-infrastructure-asset-class.pdf.Search in Google Scholar
Quach, B., Corcoran, A. and Morrison, S. (2017) ‘A report for Icon Water: Equity beta for a benchmark Australian water network service provider’, Icon Water, ACT.QuachB.CorcoranA.MorrisonS. (2017) ‘’, Icon Water, ACT.Search in Google Scholar
Queensland Competition Authority (2011) Cost of Capital for Water Infrastructure Company, http://www.qca.org.au/getattachment/72db9205-0b2b-42d9-82bd-a41cab4b4775/NERA-Economic-Consulting-%E2%80%93-Final-Report-Weighted-A.aspx.Queensland Competition Authority (2011) , http://www.qca.org.au/getattachment/72db9205-0b2b-42d9-82bd-a41cab4b4775/NERA-Economic-Consulting-%E2%80%93-Final-Report-Weighted-A.aspx.Search in Google Scholar
Regan, M., Smith, J. and Love, P. (2011) ‘Infrastructure Procurement: Learning from private-public partnership experiences ‘down under”, Environment and Planning C: Government and Policy, 29:2, pp. 363–378.ReganM.SmithJ.LoveP. (2011) ‘Infrastructure Procurement: Learning from private-public partnership experiences ‘down under’, , 29:2, pp. 363–378.Search in Google Scholar
Rothballer, C. (2012) ‘Infrastructure investment characteristics: Risk, regulation, and inflation hedging’, Doctor of Economics, Technische Universitat Munchen.RothballerC. (2012) ‘’, , Technische Universitat Munchen.Search in Google Scholar
Rothballer, C. and Kaserer, C. (2012) ‘The risk profile of infrastructure investments: Challenging conventional wisdom’, Journal of Structured Finance, 18:2, pp. 95–109.RothballerC.KasererC. (2012) ‘The risk profile of infrastructure investments: Challenging conventional wisdom’, , 18:2, pp. 95–109.Search in Google Scholar
Savenije, H. H. G. (2002) ‘Why water is not an ordinary economic good, or why the girl is special.’, Physics and Chemistry of the Earth, Parts A/B/C, 27:11-22, pp. 741–744.SavenijeH. H. G. (2002) ‘Why water is not an ordinary economic good, or why the girl is special.’, , 27:11–22, pp. 741–744.Search in Google Scholar
Sawkins, J. W. (1996) ‘Balancing Multiple Interests in Regulation: An Event Study of the English and Welsh Water Industry’, Journal of Regulatory Economics, 9:3, pp. 249–268.SawkinsJ. W. (1996) ‘Balancing Multiple Interests in Regulation: An Event Study of the English and Welsh Water Industry’, , 9:3, pp. 249–268.Search in Google Scholar
Schouten, M. and Schwartz, K. (2006) ‘Water as a political good: Implications for investments’ International Environmental Agreements: Politics, Law and Economics, 6:4, pp. 407–421.SchoutenM.SchwartzK. (2006) ‘Water as a political good: Implications for investments’ , 6:4, pp. 407–421.Search in Google Scholar
Sidak, J.G. and Ingraham, A. T. (2003) ‘Mandatory unbundling, UNE-P, and the cost of equity: Does TELRIC pricing increase risk for incumbent local exchange carriers?’ Yale Journal on Regulation, 20, pp. 389–406.SidakJ.G.IngrahamA. T. (2003) ‘Mandatory unbundling, UNE-P, and the cost of equity: Does TELRIC pricing increase risk for incumbent local exchange carriers?’ , 20, pp. 389–406.Search in Google Scholar
Sullivan, C., Cohen, A, Jean-Marc Faurès, J. and Santini, G. (2008) ‘The Rural Water Livelihoods Index’, FAO Working Paper.SullivanC.CohenAJean-Marc FaurèsJ.SantiniG. (2008) ‘The Rural Water Livelihoods Index’, .Search in Google Scholar
United Nations Environment Programme Finance Initiative (2006) Financing water: Risks and opportunities, United Nations Environment Programme Finance Initiative, http://www.unepfi.org/fileadmin/documents/WRR_lssues_Paper.pdf.United Nations Environment Programme Finance Initiative (2006) , http://www.unepfi.org/fileadmin/documents/WRR_Issues_Paper.pdf.Search in Google Scholar
World Bank (2007) Water Supply Pricing In China: Economic Efficiency, Environment, and Social Affordability, http://siteresources.worldbank.org/INTEAPREGTOPENVIRONMENT/Resources/PolicyNoteWaterpricingandaffordabilityFINALEN.pdf.World Bank (2007) , http://siteresources.worldbank.org/INTEAPREGTOPENVIRONMENT/Resources/PolicyNoteWaterpricingandaffordabilityFINALEN.pdf.Search in Google Scholar