Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Subject "privatization"

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Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Subject "privatization"

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    Title: Regulatory Independence, Ownership and Firm Value: The Role of Political Institutions  Author(s): BORTOLOTTI, Bernardo; CAMBINI, Carlo; RONDI, Laura Date: 2011-07-01 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...