relation: https://publications.ut-capitole.fr/id/eprint/15932/
title: Regulation, Renegotiation and Capital Structure: Theory and Evidence from Latin American Transport Concessions
creator: Dethier, Jean-Jacques
creator: Moore, Alex
creator: Straub, Stéphane
subject: B- ECONOMIE ET FINANCE
description: The paper examines the capital structure of regulated infrastructure firms. The authors develop a model showing that leverage, the ratio of liabilities to assets, is lower under high-powered regulation and that firms operating under high-powered regulation make proportionally larger reductions in leverage when the cost of debt increases. They test the predictions of the model using an original panel dataset of 124 transport concessions in Brazil, Chile, Colombia and Peru over 1992–2011, finding broad support for their predictions.
date: 2014
type: Article
type: PeerReviewed
format: text
language: en
identifier: https://publications.ut-capitole.fr/id/eprint/15932/1/documents-reports
identifier:   Dethier, Jean-Jacques <https://www.idref.fr/094269661>, Moore, Alex and Straub, Stéphane <https://www.idref.fr/070394393>  (2014) Regulation, Renegotiation and Capital Structure: Theory and Evidence from Latin American Transport Concessions.    Journal of Regulatory Economics, 45 (2).  pp. 209-232.       
relation: http://tse-fr.eu/pub/28230
language: en