Examining the Impact of Rate-of-Return Regulation on Capital Project Planning

2021 ◽  
Vol 147 (8) ◽  
pp. 04021080
Author(s):  
Rachael Sherman ◽  
G. Edward Gibson Jr. ◽  
Edward Merrow ◽  
Kristen Parrish
Keyword(s):  
Project Planning ◽  
Rate Of Return ◽  
The Impact ◽  
Return Regulation

scholarly journals Regulating Infrastructure: The Impact on Risk and Investment

2006 ◽  
Vol 44 (4) ◽  
pp. 925-972 ◽  
Author(s):  
Graeme Guthrie
Keyword(s):  
Technological Progress ◽  
Rate Of Return ◽  
Infrastructure Investment ◽  
Investment Behavior ◽  
The Past ◽  
Investment Theory ◽  
Regulated Firms ◽  
Price Flexibility ◽  
The Impact ◽  
Return Regulation

The last thirty years have witnessed a fundamental change in the regulation of infrastructure industries. Whereas firms were subject to rate of return regulation and protected from entry in the past, they now face various forms of incentive regulation, competition is actively promoted by many regulators, and both regulators and the firms they regulate must often confront rapid technological progress. This paper surveys the literature on the investment implications of different regulatory schemes, highlighting the relevance of modern investment theory, which puts risk and intertemporal issues, such as the irreversibility of much infrastructure investment, center stage. It discusses the impact on regulated monopolists' investment behavior of key regulatory characteristics, namely the price flexibility allowed by the regulator, the length of the regulatory cycle, and the costs the regulator will allow the firm to recover at future regulatory hearings. It also considers the impact of competition, especially the situation where a vertically integrated firm has its operation of a bottleneck asset regulated, on investment by regulated firms and their competitors.

THE USE OF ACCOUNTING INFORMATION IN GOVERNMENTAL REGULATION AND PUBLIC ADMINISTRATION: THE IMPACT OF JOHN R. COMMONS AND EARLY INSTITUTIONAL ECONOMISTS

1995 ◽  
Vol 22 (1) ◽  
pp. 1-33 ◽  
Author(s):  
Mark A. Covaleski ◽  
Mark W. Dirsmith ◽  
Sajay Samuel
Keyword(s):  
Public Administration ◽  
Progressive Era ◽  
Political Process ◽  
Accounting Information ◽  
Turn Of The Century ◽  
Governmental Regulation ◽  
Calculative Practices ◽  
The Impact ◽  
Return Regulation ◽  
Intrinsic Measure

This paper examines the socio-political process by which an ensemble of such calculative practices and techniques as accounting came to be developed, adopted, and justified within turn-of-the-century public administration. We are particularly concerned with examining the influence of John R. Commons and other early institutional economists during this Progressive era. Using primary and secondary archival materials, our purpose is to make three main contributions to the literature. First, the paper explores Commons' contribution to the debates over “value” which seems to be somewhat unique in that he explicitly recognized that there exists no unproblematic, intrinsic measure of value, but rather that it must be socially constituted as “reasonable” with reference to common law. To illustrate this point, this paper explores Commons' role in the historical development and implementation of rate of return regulation for utilities. Second, the paper describes the contradictory role accounting played during this period in ostensibly fostering administrative objectivity while accommodating a more pragmatic rhetoric of “realpolitik” in its development and deployment. The third contribution is to establish a linkage between current work in economics and accounting concerned with utility regulation and the debates of ninety years ago, noting that Commons' contribution has not been fully explored or recognized within the accounting literature.

Experiences of modern rate of return regulation in Finland

2012 ◽  
Vol 21 ◽  
pp. 32-39 ◽  
Author(s):  
Kaisa Tahvanainen ◽  
Samuli Honkapuro ◽  
Jarmo Partanen ◽  
Satu Viljainen
Keyword(s):  
Rate Of Return ◽  
Return Regulation

ISSUES OF THE RELATIONSHIP BETWEEN THE STATE BUDGET AND ECONOMIC GROWTH IN UZBEKISTAN

2021 ◽  
Vol 4 (7) ◽  
pp. 4-19
Author(s):  
Akmal Baltayevich Allakuliev ◽  
Keyword(s):  
Economic Growth ◽  
The State ◽  
Rate Of Return ◽  
State Budget ◽  
Macroeconomic Shocks ◽  
Dynamic Correlations ◽  
Short And Long Term ◽  
The Impact ◽  
The Relationship

The article examines the interaction of the country's GDP with the state budget in the short and long term, the impact of the macro-fiscal mechanism on the country's economic growth on the example of Uzbekistan.The aim of the study is to identify dynamic correlations between the country's state budget expenditures and the economic growth of the macro-fiscal mechanism in the short and long term, as well as to analyze the approximation or rate of return of GDP and the state budget to equilibrium during various macroeconomic shocks. and hesitation.The scientific novelties of the research are:

scholarly journals Project Scheduling Management in the Software Industry

2021 ◽  
Vol 12 (3) ◽  
pp. 2136-2145
Author(s):  
Rozi Nor Haizan Nor Et.al
Keyword(s):  
Project Scheduling ◽  
Project Planning ◽  
Resource Constraint ◽  
Project Schedule ◽  
Managing Change ◽  
Project Scheduling Problem ◽  
Common Problems ◽  
The Impact ◽  
Scheduling Management ◽  
Project Delay

Project scheduling is the next step once project planning is completed. This requires knowledge and the depth of the activities, the dependencies between activities and, duration of the activities. Creating and designing a realistic project schedule is the biggest challenges a project manager faces. There are some common problems that can be impact towards project delay or performance: Assigning Resource or Resource Constraint, Managing the Unknown or Managing Change and Estimating Task Duration. These 3 factors and causes are contributing to project scheduling problem. The impact of resource constraint causes towards be impact towards project delay or performance.  To achieve this goal, the survey has been conducted. Finally, the results of the surveys are presented in order to see which commons problems are the most happening and really effected project scheduling.

scholarly journals Initiation of capital projects in industries having an operational focus: an Australian stevedoring case example

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Haya Aldaghlas ◽  
Felix Kin Peng Hui ◽  
Colin Fraser Duffield
Keyword(s):  
Project Management ◽  
Negative Impact ◽  
Container Terminal ◽  
Project Planning ◽  
Extensive Literature ◽  
Capital Projects ◽  
Content Type ◽  
Initiation Phase ◽  
Unique Nature ◽  
The Impact

PurposeThe initiation phase of capital projects is critical as this is where the highest number of options exist for modifying the project with minimal expenditure. Government and large organisations frequently involved in major capital projects have extensive procedures for this phase, yet organisations having an operational focus (like major container terminal stevedores), that only occasionally undertake capital projects face the dilemma of the trade-off between project planning and the management of operations. This research reported in this paper investigated the impact of industry operational considerations on the initiation of capital projects.Design/methodology/approachIn addition to an extensive literature review, a living research investigation of real projects initiated by a stevedoring company operating in Australia has been observed; the primary author of this paper spent six months as a participant/observer and witnessed the initiation of 12 capital projects. The collected data was qualitatively analysed using a four-step coding method.FindingsThe findings confirm that project initiation is a challenge for organisations who only spasmodically undertake capital projects and available project management frameworks do not necessarily consider the impact of such an organisation's culture. Issues identified that may have a negative impact on the initiation phase include lack of workplace trust, high individualism, ineffective interdepartmental communication, lack of resources and engineering and safety complexity.Originality/valueThe study investigated an underexplored industry within the context of project initiation, using the Australian stevedoring as a case study. This initial investigation suggests that a tailored project management framework is needed for the initiation phase of projects to reflect the unique nature of the stevedoring industry and by inference other industries that have a strong operational focus.

scholarly journals The role and progress of EIA in environmental protection in China

2021 ◽  
Vol 236 ◽  
pp. 03002
Author(s):  
Yingying Wu
Keyword(s):  
Environmental Impact ◽  
Environmental Protection ◽  
Construction Projects ◽  
Construction Project ◽  
Project Planning ◽  
Assessment System ◽  
Protection Measures ◽  
Planning And Construction ◽  
The Impact ◽  
Quality Status

The Environmental Impact Assessment system, referred to as the EIA system, is to evaluate the impact of the implementation of the plan or the construction and operation of the project on the environment, combine the surrounding environmental quality status, propose ecological or environmental protection measures,then evaluate the effectiveness of the measures, and draw a conclusion on the feasibility of the project(planning) in terms of environmental protection.This article summarizes the role and progress in environmental protection in the two aspects of planning and construction projects in recent years.Comprehensively selected cases found that both planning or construction project environmental assessment have played an important role in predicting the possible impact of planning or construction projects on the environment and ecology, and proposed feasible and effective environmental protection measures.After the planning or construction project adopts the conclusions and suggestions, as long as the "Three Simultaneous" regulations are followed, the impact of the planning or construction project on the environment or ecology can be prevented or effectively reduced. When it is necessary to conduct postevaluation of environmental impact, verify the actual conditions of the construction project, such as emissions and actual production processes.

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