rondi, laura; cambini, carlo; bremberger, francisca; … - Volkswirtschaftliche Fakultät, … - 2013
to the implementation of different regulatory mechanisms (cost plus vs. incentive regulation) and also to firm ownership … subject to incentive regulation smooth their dividends less than firms subject to cost plus regulation but also present higher … target payout ratios; thus suggesting that incentive regulation leads firms to a dividend policy more responsive to earnings …