A costly wait

Article Abstract:

A study of mergers in regulated industries was undertaken to ascertain if mergers were systematically delayed. A random sample of 553 mergers was taken. The results revealed four important issues. First, delays in merger approval were due to overlapping jurisdictions of regulators and the private interests of rival firms. Second, delays averaged 186 days, twice the time in unregulated industries. Third, rivals of merging firms used their expertise in regulation to gain competitive advantages. Fourth, direct and indirect costs resulted from delay of mergers.

Acquisitions & Mergers Analysis, Research, Acquisitions and mergers, Financial analysis

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Regulatory overhaul: to rebuild the nation's regulatory process, reformers must begin at the beginning - the U.S. Congress

Article Abstract:

The failure of efforts to reform government regulation is attributed to a lack of understanding of the regulatory process, on both sides of the regulatory debate. It is argued that understanding can only be achieved with improved communication among opposing parties. It is also argued that the process of regulation does not begin when a government agency issues a ruling, but rather when Congress establishes a regulatory agency. The two types of regulation, namely, economic and social are discussed.

Analysis, Political reform

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Taming the regulatory jungle

Article Abstract:

Four basic standards should be adopted in the implementation of regulatory reforms. First, regulation should only be implemented if the government has sufficiently proved it would result in greater benefits. Second, Congress should limit the authority given to regulatory agencies so that it is not wielded arbitrarily. Third, expected benefits should be thoroughly evaluated using unbiased, professional advice. Fourth, regulatory systems that allow flexibility would be more effective and less costly

Regulatory Costs & Benefits, Regulatory compliance costs

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