the regulatory constraint offer equal incentives for senior management …

-taking incentives, providing above-threshold firms with greater incentives to take risk and below-threshold firms the opposite. Risk … regulatory costs. We test our model by examining changes in risk around the Dodd-Frank Act, a major regulation with size …

associated with the X-factor in a price/revenue cap regulation and cost of capital, whilst at the same time increasing overall …

that such regulations distort risk-taking incentives, providing above-threshold firms with greater incentives to take risk … around the Dodd-Frank Act, a major banking regulation with size thresholds. We provide empirical evidence that supports the …

firms as well as the impact of different regulatory schemes -- incentive vs. cost-based regulation -- on CEO monetary … incentives. Using various measures of performance, we find that European energy utilities link CEO compensation to firm … schemes, our results show that pay-performance sensitivity is significantly higher for firms under incentive regulation than …