Search Results - subject:"regulatory independence"

Banking Behaviour and Political Business Cycle in Africa: The Role of Independent Regulatory Policies of the Central Bank

Ofori-Sasu, Daniel; Agbloyor, Elikplimi Komla; Nsafoah, … - 2024

This study examines the effect of regulatory independence of the central bank in shaping the impact of electoral cycles … regulatory independence of the central bank dampens the positive effect of elections on bank lending around election years while …

Persistent link: https://www.econbiz.de/10014549289

Banking behaviour and political business cycle in Africa : the role of independent regulatory policies of the central bank

Ofori-Sasu, Daniel; Agbloyor, Elikplimi Komla; Nsafoah, … - 2024

Persistent link: https://www.econbiz.de/10014514254

Reluctant Regulation

Bortolotti, Bernardo; Cambini, Carlo; Rondi, Laura - Volkswirtschaftliche Fakultät, … - 2012

We study the effect of state ownership on the market-to-book ratios of publicly traded European utilities observed from 1994 to 2005. We find that when the company is subject to independent regulation, state ownership is positively associated with firm value. This effect is strong and...

Persistent link: https://www.econbiz.de/10011112859

Infrastructure investment characteristics : risk, regulation, and inflation hedging ; an empirical analysis of listed infrastructure firms

Rothballer, Christoph - 2012

systematic risk (confirming the Peltzman hypothesis) and highlights the relevance of regulatory independence for rendering …

Persistent link: https://www.econbiz.de/10009711572

«Modern» Regulation and Public Utilities: What Empirical Evidence from EU?

Carlo, Cambini; Laura, Rondi - In: L'industria (2011) 1, pp. 113-144

Ten years after large scale privatization of utilities has started in Europe, EU regulated utilities have substantially increased their debt to equity ratios. In this paper we study the impact of capital structure on pricing regulation, firms' market value and investment, using a dataset of 92...

Persistent link: https://www.econbiz.de/10011158103

Regulatory Independence, Ownership and Firm Value: The Role of Political Institutions

Bortolotti, Bernardo; Cambini, Carlo; Rondi, Laura - Robert Schuman Centre for Advanced Studies (RSCAS), … - 2011

We study the effect of the establishment of independent regulatory agencies on the market-to-book ratios of publicly traded European regulated firms observed from 1994 to 2005. We find that independent regulation in combination with residual State ownership positively affects the market value of...

Persistent link: https://www.econbiz.de/10009294814

Independence, Investment and Political Interference: Evidence from the European Union

Cambini, Carlo; Rondi, Laura - Robert Schuman Centre for Advanced Studies (RSCAS), … - 2011

identification strategy from the political economy literature. Our results show that regulatory independence has a positive impact on …

Persistent link: https://www.econbiz.de/10009294818

Regulatory independence and political interference: evidence from EU mixed-ownership utilities' investment and debt

Cambini, Carlo; Rondi, Laura - 2010

ultimately influence the regulatory climate to be either more pro-firm or more pro-consumers. Our results show that regulatory … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA …

Persistent link: https://www.econbiz.de/10010272479

The national regulatory structure against the background of the European regulatory system

Veith, Tobias - 2010

States and their representatives, national governments, play a key role in national telecommunication markets. As lawmakers, they determine the playing field of the agents in the markets and the decision powers of national regulators. Simultaneously, they are involved in appointing presidential...

Persistent link: https://www.econbiz.de/10010302992

Independence of the telecommunications regulatory authority in Palestine: Institutional challenges

Dhaher, Omar - 2010

stakeholder. Then, through interviewing main stakeholders, the paper presents key issues of regulatory independence in Palestine …This paper identifies view points of the Palestinian telecommunications sector's stakeholders with regard to regulatory … independence and analyzes reasons behind the rejection of the 2009 Telecommunications Law that establishes an independent …

Persistent link: https://www.econbiz.de/10010304244