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...
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INFORMATION
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2021/03/02
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Document de travail de recherche sur les politiques
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WPS9561
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1
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1
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2021/03/02
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Disclosed
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Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom
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technology adoption
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