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 …

regulation of incumbent local telephone carriers. The article suggests that the time is right to shift from a regime of a priori …

This comparative analysis discusses the differences between the structure and systems of bank regulation operating in … the UK, Germany, Italy and the US. The importance of harmonisation in achieving stated supervisory objectives is also … bank regulation and supervision than was the case over 20 years ago. This is so mainly as a result of globalisation. The …

This comparative analysis discusses the differences between the structure and systems of bank regulation operating in … the UK, Germany, Italy and the US. The importance of harmonisation in achieving stated supervisory objectives is also … bank regulation and supervision than was the case over 20 years ago. This is so mainly as a result of globalisation. The …

put further pressure on the market model in Italy and lead to more control from above. …

The paper presents the results of a research on railway regulation and liberalisation in Italy, France, Germany and … Spain. The analysed fields of regulation are the relationship between the State and the rail companies, network access …. The aim of the paper is to give a comparative overview of the rail regulation from a critical point of view, rather than …