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Regulation, renegotiation and capital structure : theory and evidence from Latin American transport concessions (English)

Abstract

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... See More +

Details

  • Moore, Alexander; Straub, Stephane; Dethier, Jean-Jacques;
  • 2013/10/01
  • Policy Research Working Paper
  • WPS6646
  • 1
  • 1
  • BrazilColombiaPeruChile
  • Latin America & Caribbean
  • 2013/10/01
  • Regulation, renegotiation and capital structure : theory and evidence from Latin American transport concessions
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