The paper investigates the pace of technology adoption in telecom technology post liberalization and its effect on stock returns using a new global panel data set. The results are twofold. First, the evidence points to the complementarity between telecom liberalization and regulatory independence in driving a sustained pace of technology adoption. Second, the results show a positive and economically significant effect of telecom adoption on stock...
انظر المزيد
تفاصيل
-
2021/3/02
-
ورقة عمل خاصة ببحوث السياسات
-
WPS9561
-
1
-
1
-
2021/3/02
-
Disclosed
-
Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom
-
technology adoption