Buckland, RogerBeecher, JaniceWilliams, Julian2016-04-292016-04-292015-04Buckland, R, Beecher, J & Williams, J 2015, 'Risk and regulation in water utilities : a cross-country comparison of evidence from the CAPM', Journal of Regulatory Economics, vol. 47, no. 2, pp. 117-145. https://doi.org/10.1007/s11149-014-9261-z0922-680Xhttp://hdl.handle.net/2164/5933Acknowledgements The authors thank colleagues at the Business School, Aberdeen and the IPU,Michigan State for valuable comments, as well as participants at various workshops and presentations, along with the editor and reviewers for their constructive comments. Any remaining errors are, of course, the authors’ responsibility2977008engwater utilitiesCAPMrisk and regulationtime-varying riskHB Economic TheoryHBJournal article10.1007/s11149-014-9261-z472