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1. The Effect of Rail Deregulation on the Financial Performance of European Incumbent Operators: A study of EU Railway Liberalization Process ImpactD-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi
Sammanfattning : EU carries out three deregulation reforms, namely, separating accounting systems for infrastructure and operations, creating independent regulatory institutions and opening access to third parties, to increase the efficiency of European rail industry. We hereby explore its effect on financial performance of European incumbent operators, with the focus on the incumbents’ efficiency as a result of different deregulation scenarios. LÄS MER