Download or read book Deregulation and Board Policies written by Rachel M. Hayes and published by . This book was released on 2019 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis has led to renewed interest in the effects of deregulation on bank governance and incentives provided to bank CEOs. We examine the relation between bank CEO turnover and performance, and whether this relation has been affected by banking deregulation. We find that bank CEO turnover is more (less) sensitive to stock (accounting) performance in the post-deregulation period. We also find that such changes in turnover-performance sensitivity primarily exist in large banks, which are best positioned to exploit growth opportunities, and in banks that expand geographically after deregulation. Our results indicate an increased (decreased) emphasis on stock (accounting) performance in turnover decisions when competition and growth opportunities are greater in the deregulated environment. The findings provide evidence that the information used in board decisions varies with features of the competitive environment.
Download or read book The Political Economy of Deregulation written by Roger G. Noll and published by American Enterprise Institute Press. This book was released on 1983 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulation and Deregulation written by Jules Backman and published by . This book was released on 1981 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State Regulation of Banks in an Era of Deregulation written by Sandra B. McCray and published by . This book was released on 1988 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Politics of Deregulation written by Martha Derthick and published by Brookings Institution Press. This book was released on 2001-06-07 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard wisdom among political scientists has been that "iron triangles" operated among regulatory agencies, the regulated industries, and members of Congress, all presumably with a stake in preserving regulation that protected the industries from competition. Despite almost unanimous agreement among economists that such regulation was inefficient, it seemed highly unlikely that deregulation could occur. Yet between 1975 and 1980 major deregulatory changes that strongly favored competition did take place in a wide range of industries. The results are familiar to airline passengers, users of telephone service, and trucking freight shippers, among others. Martha Derthick and Paul J. Quirk ask why this deregulation happened. How did a diffuse public interest prevail over the powerful industry and union interests that sought to preserve regulation? Why did the regulatory commissions, which were expected to be a major obstacle to deregulation, instead take the initiative on behalf of it? And why did influential members of Congress push for even greater deregulation? The authors concentrate on three cases: airlines, trucking, and telecommunications. They find important similarities among the cases and discuss the implications of these findings for two broader topics: the role that economic analysis has played in policy change, and the capacity of the American political system for transcending narrow interests.
Download or read book International Banking Deregulation written by Richard Dale and published by John Wiley & Sons. This book was released on 1992 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers the new global banking and financial systems which have become the subject of an unprecedented experiment involving new and unquantifiable risks. Based on up to the minute research, Dale offers a warning about structural faults at the heart of banking systems worldwide.
Download or read book Policies for the Deregulated Airline Industry written by and published by . This book was released on 1988 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Contrived Competition written by Richard H. K. Vietor and published by Harvard University Press. This book was released on 1994 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: And Bank-America, caught short with bad loans and a deep recession in the early eighties, nearly failed before Sam Armacost and then Tom Clausen achieved an amazing turnaround in the mid-1980s.
Download or read book Deregulation and Board Composition written by Eric Helland and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the conventional wisdom, a revolving door operates between government and industry. High ranking government officials leave office and head for Washington law firms or major corporations where they use their connections and influence to further their new employers' political interests. Despite the pervasiveness of this story, remarkably little evidence exists on the motivations underlying the revolving door phenomenon. Indeed, a few competing theories attempt to explain the revolving door phenomenon, but almost no work has been done to empirically distinguish which of these theories is most relevant. In this study we examine the participation of political directors on the boards of natural gas companies over a period of deregulation. We focus on the 1986 deregulation of the natural gas extraction companies. This event provides a natural experiment to distinguish between competing theories, namely the traditional rent-seeking revolving door theory and the managerial human asset theory. Using data covering the period from 1978 to 1998, we test whether deregulation altered composition of the board as the firm's environment changed. In particular, did deregulation cause firms to reduce the number of political directors on their boards? We find evidence that board members serve a rent-seeking role. In general, the 1986 deregulation of natural gas extraction is associated with a decrease in the number of political directors on boards. In addition, using a fixed-effects model we find that deregulated firms reduce the number of political directors. Keywords: Corporate governance, deregulation, political directors.
Download or read book Television written by Lori A. Brainard and published by Lynne Rienner Publishers. This book was released on 2004 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite a political environment conducive to deregulation, television is one industry that consistently fails to loosen government's regulatory grip. To explain why, Lori A. Brainard explores the technological changes, industry structures and political dynamics which influence policy.
Download or read book Implementation of the Provisions of the Airline Deregulation Act of 1978 written by United States. Civil Aeronautics Board and published by . This book was released on 1984 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Deregulation Or Better Regulation written by Brian Head and published by Macmillan Education AU. This book was released on 1991 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen public regulators, academics and policy analysts discuss deregulation strategies and the possible alternative of reformed and more effective regulation. Includes a detailed bibiography. Part of the TCentre for Australian Public Sector Management' series.
Download or read book Universities Corporate Governance Deregulation written by and published by . This book was released on 1993 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Four commentators add to the debate over the role of the state and the nature of self-regulation in the modern world. This work covers private universities, the effect of price deregularization in the US, the Cadbury Report on Corporate Governance and directors' service contracts.
Download or read book Deregulation written by United States. Congress. Joint Economic Committee and published by . This book was released on 1990 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Deregulated Society written by Larry N. Gerston and published by Thomson Brooks/Cole. This book was released on 1988 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Keeping Cuts from Kids Deregulation in a Time of Ongoing Budget Cutbacks written by Angeline Kathryn Spain and published by . This book was released on 2011 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deregulation advocates have long argued that local educational leaders can make better resource decisions than state and federal policymakers. But viewed from the central state, without regulatory requirements locals will spend too little on underserved students and specific educational reforms. Lacking direct authority over local districts, the California Legislature has frequently used mandates and sanctions, tied to targeted "categorical aid" grant programs, to encourage attentiveness to state reform aims. Categorical aid programs' rules, layered on over time, have produced a range of bureaucratic tasks which have become part of the taken-for-granted fabric of work in the central office, but remain loosely connected to instructional aspects of districts' work. At the same time, tacit cultural conceptions of schooling have come to overlap with some of the educational objectives funded through categorical resources, from providing supplementary dollars for particular kinds of students to reducing class size. Deregulation proponents argue that districts will cut administrative costs, reconsider local fiscal priorities, and deploy resources in ways that boost students' achievement. But little is known about how organizational routines, neoinstitutional conceptions of the district's work, and local political pressures shape how district organizations implement large-scale deregulation. What, then, is the relationship between the institutionalized practices used to manage categorical aid resources inside districts and deregulation? Conventional politics of education explanations suggest that decentralization expands locally powerful constituents' influence and control over how deregulated resources are used. But neoinstitutional theorists, on the other hand, suggest that pressures from the institutional and technical environment of schooling will shape how deregulation unfolds. Some categorical aid programs, supported by a web of work practices, norms, and cultural expectations, will remain firmly in place while others that are less deeply embedded will be redeployed to address salient institutional and technical pressures. This study uses a qualitative, comparative case study to investigate how districts responded to 2009 legislation deregulating about 40 state categorical aid programs, commonly referred to as Tier 3 categorical flexibility. At face value, this reform freed up six percent of annual revenues. But it was enacted in the context of mid-year budget cuts and ongoing fiscal austerity. I analyze Tier 3 categorical flexibility implementation in two California districts to investigate the processes used to make decisions about Tier 3 categorical resource reallocation. I examine how these processes connected to tacit conceptions of schooling. I also examine the role of power and constituencies in how discretionary resources came to be distributed. Data include: observations of district budgeting routines; interviews with central office administrators, board members, and stakeholders; and a review of budget materials. The two study districts reallocated some, but not all, Tier 3 categorical resources. I found that political and cultural pressures influenced how board members and district administrators engaged in resource decision making, and these pressures were constrained and enabled by the formal structure of district positions, relational trust, and the distribution of expertise in district management and operations. These processes did not mirror the rationalized responses of deregulation's theory of action. In particular, I found that districts' resource decision making was shaped by the fiduciary role of the elected school board, a role that has generally been overlooked in research on education policy implementation.
Download or read book Competition and the Airlines written by David R. Graham and published by . This book was released on 1982 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:
