Bremberger, Francisca; Cambini, Carlo; Gugler, Klaus; … - Robert Schuman Centre for Advanced Studies (RSCAS), … - 2013
the implementation of different regulatory mechanisms (cost plus vs. incentive regulation) and to firm ownership (state vs … to incentive regulation smooth their dividends less than firms subject to cost-based regulation and present higher impact … following the adoption of incentive regulation, they adopt a dividend policy more responsive to earnings variability and more …