There is much recent debate about extending the purposes of investor-owned firms to embrace the wider interests of a variety of stakeholders. Network regulatory decisions already involve extensive use of centralised social cost-benefit analysis to capture some aspects of public value. A gap...

We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...