Title:Regulatory Independence, Ownership and Firm Value: The Role of Political Institutions
Author(s):BORTOLOTTI, Bernardo; CAMBINI, Carlo; RONDI, LauraDate:2011-07-01Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract: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 ...
Title:Regulatory Instruments for Deployment of Clean Energy Technologies
Author(s):PÉREZ-ARRIAGA, IgnacioDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Answering to the formidable challenge of climate change calls for a quick transition to a future
economy with a drastic reduction in GHG emissions. And this in turn requires the development and
massive deployment of new ...
Title:Regulatory Reform and Corporate Control in European Energy Industries
Author(s):GARCÍA, John J.; TRILLAS, FrancescDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The deregulation process in the EU electricity sector triggered strategic decisions that led to industry restructuring. This paper presents preliminary evidence of the impact of this process on investors, using event studies ...
Title:Reinforcing the Asymmetries of European Integration
Author(s):BLAUBERGER, MichaelDate:2010Type of Publication:Working PaperSeries/Report no.:Bremen, ZERP-Diskussionspapier, 01/2010Abstract:Critical accounts of EU politics diagnose various asymmetries resulting from the dynamics of integration: (1) European integration is dominated by judicial and executive politics rather than legislative politics. (2) The ...
Title:Religion et télévision dans le monde arabe : vers une approche communicationnelle.
Author(s):FERJANI, RiadhDate:2008Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:L'apparente neutralité des titres cachent souvent la difficulté des chercheurs à rendre compte de leurs objets d'étude. Cette contribution s'articule autour du terme épreuve qui peut revêtir deux sens :
Il s'agit d'abord ...
Title:Religious freedom and the German circumcision debate
Author(s):HEIMBACH-STEINS, MarianneDate:2013Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:In May 2012, a German court in Cologne ruled that circumcising young boys represents grievous bodily harm. This decision, which touched upon the questions of freedom of religious practice, identity and children’s rights, ...
Title:Removing Cross-Border Capacity Bottlenecks in the European Natural Gas Market – A Proposed Merchant-Regulatory Mechanism
Author(s):NEUMANN, Anne; ROSELLÓN, Juan; WEIGT, HannesDate:2011Type of Publication:Working PaperSeries/Report no.:DIW Berlin Discussion PaperAbstract:We propose a merchant-regulatory framework to promote investment in the European natural gas network infrastructure based on a price cap over two-part tariffs. As suggested by Vogelsang (2001) and Hogan et al. (2010), a ...
Title:Rethinking the EU’s Mediterranean Policies Post-1/11
Author(s):TOCCI, Nathalie; CASSARINO, Jean-PierreDate:2011Type of Publication:Working PaperSeries/Report no.:IAI Working PaperAbstract:The revolts sweeping across North Africa and the Middle East in 2011 have shaken long-held truths about the region. Most strikingly, the sustainability of these regimes has proved a chimera. The events in the region and ...
Title:The Rise of European Competition Policy, 1950-1991: A Cross-Disciplinary Survey of a Contested Policy Sphere
Author(s):WARLOUZET, LaurentDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Competition policy is perhaps the field in which the European Commission has the most extensive
powers. Born institutionally in 1950, European competition policy now has a sixty year-long history.
This paper argues that ...
Title:The Rise of Multinationals from Emerging Countries: A review of the literature
Author(s):AMIGHINI, Alessia; SANFILIPPO, Marco; RABELLOTTI, RobertaDate:2009Type of Publication:Working PaperSeries/Report no.:PRIN 2007 Working PapersAbstract:The rising role of developing country MNEs in international markets is one of the most recent aspects of the globalization process. Recent data on the outward expansion of firms from developing countries have induced many ...
Title:Risk Management in the Energy Markets and Value-at-Risk Modelling: A hybrid approach
Author(s):ANDRIOSOPOULOS, Kostas; NOMIKOS, NikosDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper proposes a set of VaR models appropriate to capture the dynamics of energy prices and subsequently quantify energy price risk by calculating VaR and ES measures. Amongst the competing VaR methodologies evaluated ...
Title:Risk Spillovers and Hedging: Why do firms invest too much in systemic risk?
Author(s):WILLEMS, Bert; MORBEE, JorisDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:In this paper we show that free entry decisions may be socially ineffcient, even in a perfectly competitive homogeneous goods market with non-lumpy investments. In our model, inefficient entry decisions are the result of ...