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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP8508 |
DP8508 Investment and capital structure of partially private regulated firms | |
Yossi Spiegel; Carlo Cambini | |
发表日期 | 2011-08-01 |
出版年 | 2011 |
语种 | 英语 |
摘要 | We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that incorporates two key institutional features of the public utilities sector in many countries: firms are partially owned by the state and regulators are not necessarily independent. Among other things, we show that firms invest more, issue more debt, and are allowed to charge higher prices when they are more privatized and when the regulator is more independent and more pro-firm. |
主题 | Financial Economics ; Industrial Organization |
关键词 | Regulatory climate Regulatory independence Government ownership investment Debt Regulation |
URL | https://cepr.org/publications/dp8508 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537345 |
推荐引用方式 GB/T 7714 | Yossi Spiegel,Carlo Cambini. DP8508 Investment and capital structure of partially private regulated firms. 2011. |
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