This paper investigates the relationship between investment and regulatory regimes
(incentive vs. rate-of-return regulation) for a sample of EU energy utilities from 1997 to 2007 …

Recent decades have seen a considerable increase in delegation to independent regulatory
agencies, which has been justified by reference to the superior performance of these bodies …

Attracting private financing is high on the agenda of policy makers concerned with closing
the infrastructure gap in developing countries. To date, however, private finance represents …

This paper is the first to explicitly test for the presence of a trade-off between static and
dynamic efficiency and a trade-off between vertical economies and competition in a …

This paper explores the determinants of debt financing choices among small-scale
manufacturing enterprises in Ethiopia—with special focus on the role of government …

We analyze the effects of incentive regulation with revenue caps on the investment
behaviors of 109 German electricity distribution companies. We hypothesize that with …

In recent years, the preference for purely private funding and ownership of
telecommunications networks has given way to a 'new wisdom'that some form of public …

We study the effect of state ownership on the market-to-book ratios of publicly traded
European utilities from 1994 to 2005. We find that when the company is subject to …

Abstract Manuscript Type Empirical Research Question/Issue While regulation reduces the
discretion of CEOs, it is also expected to prompt effort and efficiency. This paper develops a …

This article analyzes the relationship between firm financial and investment decisions and
regulatory outcomes in network industries, where regulatory opportunism is often viewed to …