scholarly journals The effect of regulatory uncertainty in green certificate markets: Evidence from the Swedish-Norwegian market

Energy Policy ◽  
2021 ◽  
Vol 158 ◽  
pp. 112583
Author(s):  
Kajsa Ganhammar
Keyword(s):  
Regulatory Uncertainty

Becoming the World’s Biggest Market

2018 ◽  
Author(s):  
Irene Spagna
Keyword(s):  
Global Economy ◽  
Global Financial Crisis ◽  
Credit Default Swaps ◽  
Deregulated Markets ◽  
Otc Derivatives ◽  
Regulatory Uncertainty ◽  
Credit Default ◽  
Basic Characteristics ◽  
The Global Financial Crisis

This chapter analyzes the growth of OTC derivatives before the global financial crisis of 2008 and the role of credit default swaps, in particular, in the near collapse of the global economy. It begins by exploring the basic characteristics of derivatives used as risk management instruments by investors to hedge against or exploit the volatility of asset prices. The analysis further reveals that the pre-crisis period was characterized by a broad-based consensus favoring deregulated markets and globally designed private rules. While not always unanimously supported, permissive public regulatory choices were often encouraged by interest group lobbying, the market-friendly views of many domestic authorities, and concerns about regulatory uncertainty and international competitiveness.

scholarly journals Market Liberalization, Regulatory Uncertainty, and Firm Investment

2012 ◽  
Vol 13 (3) ◽  
pp. 352-361 ◽  
Author(s):  
Florian Baumann ◽  
Tim Friehe
Keyword(s):  
Market Entry ◽  
Market Liberalization ◽  
Firm Investment ◽  
Labor Costs ◽  
Regulatory Uncertainty ◽  
Internal Investment ◽  
The Impact

AbstractThis paper analyzes the effects of regulatory uncertainty regarding labor costs on investment in a liberalized market. We distinguish between the external investment margin (market entry) and the internal investment margin (technology), and establish that regulatory uncertainty affects these margins differently, encouraging market entry, but discouraging technological investment. As a consequence, the impact of regulatory uncertainty on competition in liberalized markets is a combination of these two countervailing forces.

US Corporate Investment Over the Political Cycle

2015 ◽  
Vol 05 (01) ◽  
pp. 1550015 ◽  
Author(s):  
Adam Yonce
Keyword(s):  
Regulatory Policy ◽  
Cash Flows ◽  
The Political ◽  
Political Environment ◽  
Investment Behavior ◽  
Party Government ◽  
Investment Theory ◽  
Regulatory Uncertainty ◽  
Political Cycle ◽  
Investment Opportunities

The investment behavior of US firms exhibits systematic variation over the political cycle. After controlling for investment opportunities, US firms reduce investment expenditures approximately 2.0% during Presidential election years, 5.3% during periods of single-party government, and 8.7% during Republican presidential administrations. Neoclassical investment theory has little to say about direct links between investment and the political environment. I show that the empirical results arise naturally in a model of investment under regulatory and political uncertainty, provided that (i) regulatory policy affects the cash flows of the firm, (ii) firms have flexibility over the scale of their investments and (iii) regulatory uncertainty resolves quickly.

scholarly journals Investments in next generation access infrastructures under regulatory uncertainty

2013 ◽  
Vol 37 (10) ◽  
pp. 879-892 ◽  
Author(s):  
Markos Tselekounis ◽  
Dimitris Varoutas
Keyword(s):  
Next Generation ◽  
Regulatory Uncertainty

scholarly journals The Buck Stops Where? Federalism, Uncertainty, and Investment in the Brazilian Water and Sanitation Sector

2020 ◽  
Vol 12 (3) ◽  
pp. 374-401 ◽  
Author(s):  
Evan Plous Kresch
Keyword(s):  
Public Service ◽  
Service Provision ◽  
Natural Experiment ◽  
Total System ◽  
Difference In Differences ◽  
Water And Sanitation ◽  
Regulatory Uncertainty ◽  
System Access ◽  
The Relationship ◽  
Different Levels

This paper documents how regulatory uncertainty may undermine public service when different levels of government share a mandate on public service provision. I examine the Brazilian water and sanitation sector, which presents a natural experiment of shared provision between state and municipal companies. Using a difference-in-differences framework, I study a legal reform that clarified the relationship between municipal and state providers and eliminated any takeover threat by state companies. I find that after the reform, municipal companies almost doubled their total system investment, leading to significant increases in system access and decreases in child mortality. (JEL H77, L95, O13, O18, Q53)

scholarly journals “All this Regulatory Uncertainty in the Air”: The Indispensability of Public Hearings in Guarding and Guiding Public Deliberation

2021 ◽  
Vol 6 ◽  
Author(s):  
Jaclyn Carroll ◽  
Pete Bsumek
Keyword(s):  
Decision Making ◽  
Critical Role ◽  
Environmental Communication ◽  
Public Deliberation ◽  
Field Analysis ◽  
Decision Making Process ◽  
Regulatory Uncertainty ◽  
Public Hearings ◽  
Public Decision ◽  
Public Decision Making

The field of Environmental Communication has often critiqued the shortcomings of public hearings, noting their limitations in bringing about effective and equitable public decision making. While this work has been significant, it has tended to limit the deliberative field to public hearings themselves, sometimes going so far as to assume that public hearings are the only spaces in which significant deliberations occur. Using a field analysis of the “No Coal Plant” campaign in Surry County, Virginia (2008–2013), the authors illuminate some limitations of existing literature. Their analysis suggests that while public hearings can be extremely limiting, even “failed” public hearings can play a critical role in constituting, organizing, and pacing formal and informal deliberative spaces, which are necessary for communities as they manage the stresses and strains of the decision-making process.

scholarly journals The Impact of the Regulatory Sandbox on the Fintech Industry, with a Discussion on the Relation between Regulatory Sandboxes and Open Innovation

2020 ◽  
Vol 6 (2) ◽  
pp. 43 ◽  
Author(s):  
Jayoung James Goo ◽  
Joo-Yeun Heo
Keyword(s):  
Comparative Research ◽  
Positive Impact ◽  
Vital Role ◽  
Policy Makers ◽  
Country Level ◽  
Empirically Supported ◽  
Venture Investment ◽  
Regulatory Uncertainty ◽  
Regulatory Barriers ◽  
The Impact

As the fintech industry grows around the world, regulatory issues continue to be a hot topic within the industry. To overcome regulatory barriers of the fintech industry, regulatory sandboxes have been adopted. The regulatory sandboxes are beneficial to create a fintech ecosystem, but their effectiveness has not been empirically supported. This study aims to find the expected effects of regulatory sandboxes on fintech venture investments empirically. We conducted an analysis using a country-level comparative research method. To analyze it, we selected nine forerunning countries which have initially adopted regulatory sandboxes. For the purpose of validations, a comparative analysis and a regression analysis were conducted. In the results, we found that the adoption of regulatory sandboxes had very positive influences on the growth of the fintech venture investment. The results implied that regulatory sandboxes may play a vital role in increasing the influx of venture capital into the fintech venture ecosystem by removing regulatory uncertainty. The findings of this research contribute to providing the empirical evidences to policy makers in interpretations of the positive impact of regulatory sandboxes.

Capital recovery for the regulated firm under certainty and regulatory uncertainty

1992 ◽  
Vol 14 (4) ◽  
pp. 337-361 ◽  
Author(s):  
Thomas H. Goodwin ◽  
Robert H. Patrick
Keyword(s):  
Regulatory Uncertainty ◽  
Regulated Firm
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