CEPR paper finds increased investment in private firms
A Centre for Economic Policy Research paper published on Monday says the degree of investment and debt issuance increases as firms become more privatised and the regulator is more independent.
Carlo Cambini and Yossi Spiegel, the paper's authors, develop a model that examines the capital structure and investment decisions of regulated firms that are partially owned by the state and whereby regulators are not necessarily independent. The authors note that while many countries around the world
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