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Systemic risks and hazards have become increasingly significant features of modern industrial society of which the network industries form a vital element. The idea of systemic risk, however, is much less prominent in the network industries compared to ban ...
The aim of this thesis is to understand the World as a full-fledged object, namely as the space of a society. This objective is at the same time necessary and problematic. It is necessary because the sudden end of the Cold War entailed the need of new conc ...
Since the 1980s the network industries (post, telecom, electricity, air and rail transport, and water) worldwide are undergoing substantial transformations. These transformations have been triggered by institutional changes in both property regimes and coo ...
We study the roles of traditional governance (boards, sponsors, etc.) and market governance(investors voting with their feet) in mutual funds and variable annuities. We find that market governance is less pronounced for variable annuity investors. Using a ...
This paper explores three different scenarios of how the regulatory governance of the network industries in Europe is likely to evolve, namely the emergence of European regulators, differentiated and therefore more fragmented regulation and self-regulation ...
In the context of liberalization in the public utility sectors, performance criteria have mainly focused on efficiency and effectiveness. However, the realization that restructuring based on the latter criteria has not been consistently successful in the w ...
IRGC defines risk governance deficits as deficiencies (where elements are lacking) or failures (where actions are not taken or prove unsuccessful) in risk governance structures and processes. They hinder a fair and efficient risk governance process. The de ...
Regulation of the European railway sector remains a central issue in the framework of the current liberalization process. From a regulatory perspective, the patchwork of national legislations and the delays in transposing and implementing the European Dire ...
With this concept note, IRGC intends to help improve the understanding and governance of emerging risks that have impacts on human health and safety, the environment, the economy and society at large. It draws from a roundtable discussion in 2009 about why ...
The purpose of this paper is to make a further contribution to the theory and to the understanding of e-Governance. In doing so, the paper proceeds by an in-depth analysis of three cases, which, we think, are particularly illustrative of the three main dim ...