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This paper provides causal evidence for the impact of changes in regulation on shareholder value. Using the 2016 US … economic mechanisms through which investors expected firms to benefit from de-regulation, I find that the positive effect on … shareholders' wealth is primarily driven by ex-ante high growth firms. Furthermore, in line with the public choice theory of …
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We examine the impact of financial regulation policy uncertainty on mispricing of earnings among banks, which are …
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This paper considers a vertically separated industry with an upstream monopolist who supplies an essential input to two downstream Cournot firms. This situation is relevant to a number of sectors, including the telecommunications industry where trunk operators must have access to the local...
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The problem of a monopolist firm that supplies an essential input to other firms that compete in the final downstream market is crucial in many utility industries that use a network. When downstream firms have different degrees of efficiency, then it could be feasible to charge them different...
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