| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5092401 | Journal of Comparative Economics | 2013 | 25 Pages |
Abstract
⺠We study the state ownership's effect on the market value of publicly traded EU utilities. ⺠When subject to independent regulation, firms' value is positively affected by state ownership. ⺠The effect is strong in countries where political institutions do not constrain the executive power. ⺠We claim that politicians influence regulatory agencies in order to benefit state-owned firms.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Bernardo Bortolotti, Carlo Cambini, Laura Rondi,