Regulatory instruments and investment behaviour

Burns, Phil; Riechmann, Christoph

doi:10.1016/j.jup.2004.07.002

Cited by 19 publications

(7 citation statements)

References 11 publications

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“…The results capital market training has no effect on investment decisions in the capital market for students of Raja Ali Haji Maritime University. According to the Theory of Planned Behavior, intentions are influenced by behavior, subjective norms, and behavioral control, and humans tend to act in accordance with those intentions and perceptions of control through specific actions [9]. This research contradicts this theory.…”

Section: The Effect Of Capital Marketmentioning

confidence: 86%

“…Investment knowledge is required to help someone make decisions when investing based on their needs while also paying attention to various aspects such as the level of profit and the level of risk. Investor beliefs influence decision-making behavior in taking action as a result of information interpretation [9]. A mental discounting process occurs in investors to estimate the return of the securities they are interested in through the center of understanding information processing from cognitive such as memory, attention, perception, thinking, knowledge, and consideration.…”

Section: Discussionmentioning

confidence: 99%

“…According to Bruns [9] the way beliefs interpret information affects how we make decisions and act. Investors use a mental discounting process to estimate the return of the assets they are interested in buying through the center of understanding information processing from cognitive processes like memory, attention, perception, reasoning, knowledge, and consideration.…”

Section: Discussionmentioning

confidence: 99%

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Factors That Affect Investment Decisions of Investors in capital market with investment interest as a moderating variable

Fatahurrazak¹,

Munthe²,

Sari³

2023

Proceedings of the 2nd Maritime Continent Fulcrum International Conference, MaCiFIC 2022, September 28-October 1, 2022, Tanjung

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The goal of this study is to determine the effect of Investment.. Knowledge, Investment Risk Perception, and Capital.. Market.. Training on Investment Decisions in the Capital Market with Investment Interest as Moderating Variables. This study employs a quantitative approach, with data collected via a questionnaire. Technical analysis of data using descriptive statistics and multiple regression analysis using moderator variables with absolute difference method. The data was processed using SPSS 26 based on the results of questionnaires from students of Economics Faculty of the University of Maritime Raja Ali Haji who had met the sample criteria. The results obtained show that partially.. investment and capital market training have no effect on investment decisions, but partially.. investment risk perception and investment interest have an effect on investment decisions. Interest does not invest in moderating the effect of investment and capital market training on investment decisions, but interest in investing is able to moderate the effect of risk perception on investment decisions.

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Section: The Effect Of Capital Marketmentioning

confidence: 86%

Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

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Factors That Affect Investment Decisions of Investors in capital market with investment interest as a moderating variable

Fatahurrazak¹,

Munthe²,

Sari³

2023

Proceedings of the 2nd Maritime Continent Fulcrum International Conference, MaCiFIC 2022, September 28-October 1, 2022, Tanjung

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“…The issue of cost efficiency at the expense of investments or service quality has been discussed in the literature (see e.g., Giannakis et al, 2005;Rovizzi and Thompson, 1995;Markou and Waddams Price, 1999). In addition, when rewards and penalties are weak or uncertain, the incentives for cost reductions outweigh the inducement to maintain quality of service and investment (Burn, and Riechmann, 2004). Furthermore, implementing incentive regulation is complicated and an evaluation of the associated efficiency is more difficult than it is often implied (Joskow, 2008).…”

Section: Investment and Regulationmentioning

confidence: 99%

A New Perspective: Investment and Efficiency under Incentive Regulation

Poudineh¹,

Jamasb²

2016

The Energy Journal

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The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. AbstractFollowing the liberalisation of the electricity industry since the early 1990s, many sector regulators have recognised the potential for cost efficiency improvement in the networks through incentive regulation aided by benchmarking and productivity analysis. This approach has often resulted in cost efficiency and quality of service improvement. However, there remains a growing concern as to whether the utilities invest sufficiently and efficiently in maintaining and modernising the networks to ensure long term reliability and to meet their future challenges. This paper studies the relationship between investments and cost efficiency in the context of incentive regulation with ex-post regulatory treatment of investments using a panel dataset of 129 Norwegian distribution companies from 2004 to 2010. We introduce the concept of "no impact efficiency" as a revenue-neutral efficiency effect of investment under incentive regulation that makes a firm "investment efficient" in cost benchmarking. Also, we estimate the observed efficiency effect of investments and compare these with the no impact efficiency. Finally, we discuss some implications of incentive regulation and cost benchmarking for investment behaviour of network companies.

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“…So far, an overarching consensus has not been reached on the matter. However, it is generally contended that the mix of incentives and the institutional framework that make up the overall regulatory package can lead to a variety of outcomes (Burns & Riechmann, ).…”

Section: Infrastructure Investment and Regulationmentioning

confidence: 99%

Institutional Reforms to Enhance Urban Water Infrastructure with Climate Change Uncertainty

Ananda

2014

J of App Econs and Policy

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Climate change adds another layer of uncertainty to the complex issue of urban water infrastructure provision. Current institutional configurations surrounding infrastructure investments are deemed inflexible and ill‐equipped to deal with climate uncertainty. This paper evaluates the regulatory and planning frameworks surrounding the urban water infrastructure provision in Victoria. Regulatory inflexibility, lack of clarity in the objectives of the water agencies and opaque supply augmentation policies constrain water businesses from making flexible infrastructure decisions. Future reforms need to focus on clarifying roles and objectives of water agencies, removing barriers to supply augmentation options including inter‐sectoral transfers and a regulatory model that embeds flexibility in infrastructure decision processes.

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Regulatory instruments and investment behaviour

Cited by 19 publications

References 11 publications

Factors That Affect Investment Decisions of Investors in capital market with investment interest as a moderating variable

Factors That Affect Investment Decisions of Investors in capital market with investment interest as a moderating variable

A New Perspective: Investment and Efficiency under Incentive Regulation

Institutional Reforms to Enhance Urban Water Infrastructure with Climate Change Uncertainty

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