Deregulation shifts the responsibility for mitigation of agency problems from the regulatory parties to the firms' shareholders. We investigate whether and how governance structure changes in response to the dynamics of the new business environment after the Regulatory Reform Act of 1994 for the...

The planned liberalisation of European air transport has run up against the problem that there is little scope for further expansion of airport infrastructure. If liberalisation is to be a success, the available infrastructure will have to be used more intensively. This means introducing...

The telecommunications sector is a powerfully growing market which is expected to play a key role in the EC of the future. This article offers a survey of the liberalization measures envisaged in this formerly heavily protected sector followed by an analysis of their economic effects on both EC...

This article explores the regulatory frameworks governing intangible assets across three key standards: IAS 38 (accounting), IVS 210 (valuation), and ISA 620 (auditing). Employing both automated and manual similarity analysis techniques, the study investigates the structural and thematic...

Government intervention in developing countries has often been biased towards the support of urban industries and the urban population. The resulting distortions in exchange rates and in the prices of the factors of production have had serious detrimental effects on rural areas. A gradual...