Will Deregulation Affect the Structure of Corporate Governance? -- Evidence from the Deregulation of U.S. Trucking and Telecommunication Industries . I- Ju Chen ( 陳一如 ) , Yuan- Ze University, Taiwan . 2012 National Taiwan University
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Will Deregulation Affect the Structure of Corporate Governance?
-- Evidence from the Deregulation of U.S.
Trucking and Telecommunication Industries
2012 National Taiwan University
International Conference on Finance, 2012/12/07
Trucking industry: Trucking Industry and Regulatory Reform Act in 1994;
Telecommunication industry: Telecommunication Act in 1996
HHI of trucking ind. ↑=> competition ↓
HHI of telecom ind. ↓=> competition ↑
Dumde: a deregulation dummy; capture changes in Gov
Empirical EvidencesWill Governance Structures Change after Deregulation?
Will Product Market Competition Cause the Changes in Governance Structure?
HHI: the Herfindahl-Hirschman index; sum of the squared fraction of industry sales by all firms in the three-digit SIC industry.
Empirical EvidencesThe Association among Deregulation, HHI, and Changes in Governance Structure.
The Association among Deregulation, HHI, and Overall Governance Structure.