Search: deregulation
RBA Glossary definition for deregulation
deregulation – The progressive removal of controls on entry and operations, intended to enhance competition, and raise the productivity of the major entities in the industry concerned.
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The Determinants of Corporate Leverage: A Panel Data Analysis
1 Dec 1993
RDP
9313
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1993/9313.html
Summary and Conclusions
1 Dec 1993
RDP
9313
Prior to deregulation, increases in asset prices had an insignificant influence on leverage because firms were credit constrained. ... Following deregulation, increasing asset prices stimulated firms to increase their leverage and to increase the size of
https://www.rba.gov.au/publications/rdp/1993/9313/summary-conclusions.html
Appendix 3: Split Sample Results
1 Dec 1993
RDP
9313
Download the Paper 105. KB. Financial deregulation might be expected to have far reaching implications for firms' gearing decisions. ... Deregulation opened up many credit markets to smaller firms, reducing the financing advantages of the larger players.
https://www.rba.gov.au/publications/rdp/1993/9313/appendix-3.html
Results
1 Dec 1993
RDP
9313
The insignificance of the fund cost differential can also be understood in the context of financial deregulation. ... Following deregulation, the equity cost and the debt cost could adjust to inflation shocks.
https://www.rba.gov.au/publications/rdp/1993/9313/results.html
Capital Structure: Theory and Evidence
1 Dec 1993
RDP
9313
Following deregulation, this need to ration credit disappeared. At around the same time as the deregulation of Australia's financial markets, there was a cyclical pick-up in economic activity and
https://www.rba.gov.au/publications/rdp/1993/9313/capital-structure-theory-evidence.html