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We study the impact of different regulatory contracts of electricity companies on their dividend policy. Using a panel … of 106 publicly traded European electric utilities in the period 1986-2011 we link dividend pay-out and smoothing ratios … target payout ratios; thus suggesting that incentive regulation leads firms to a dividend policy more responsive to earnings …
Persistent link: https://www.econbiz.de/10011112738
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
The paper present the analysis outcomes on the catching-up process. Additionally it seeks for identifying the “convergence clubs” in cross-national section. It implements a traditional analysis of convergence tracking the catching-up process as well as the per capita income dynamics across...
Persistent link: https://www.econbiz.de/10014147302
The paper present the analysis outcomes on the catching-up process. Additionally it seeks for identifying the “convergence clubs” in cross-national section. It implements a traditional analysis of convergence tracking the catching-up process as well as the per capita income dynamics across...
Persistent link: https://www.econbiz.de/10014147303
This paper considers the speed of adjustment to long-run equilibria, in the context of cointegrated Vector Autoregressive Processes (VAR). We discuss the definition of multivariate p-lives for any indicator of predictive ability, concentrating on cumulated interim multipliers which converge to...
Persistent link: https://www.econbiz.de/10005789423
European banking markets have become increasingly integrated in recent years, but barriers to full integration, especially in retail banking, still remain. This paper covers a gap in the literature by providing a first insight into the process of financial integration in the European Union (EU)...
Persistent link: https://www.econbiz.de/10008587486
aftermath of the Southeast Asian crisis, the limitation of the liberal capital regime for a developing country like India is … often highlighted in the literature. However, the probable impact of introducing KAC on CAB in India generally is discussed … theoretically. Though some of the existing studies in India have earlier focused on this research question, they have done so by …
Persistent link: https://www.econbiz.de/10014194754
The purpose of this paper is to examine the progress in socioeconomic conditions across the major states of India by …
Persistent link: https://www.econbiz.de/10014154852
In recent years there has been a rapid and sustained growth of the service sector in the Indian economy. But unfortunately, while the importance of the services is growing statistical data and other relevant information of the services are abysmally low. There are problems relating to the...
Persistent link: https://www.econbiz.de/10014187326
buying locally made materials and intermediate goods it creates a good environment for the locally produced goods. For China … Financial Openness of China is showing mixed result, it increased until mid-1990s and it is showing the declining trend. In case … of India, the picture is so complex. The Competitiveness of manufacturing sector and Financial Openness are showing the …
Persistent link: https://www.econbiz.de/10011258757