Autore
Garrone, Paola

Titolo
Riforma regolamentare, privatizzazione ed investimenti: un'analisi empirica
Periodico
L'industria
Anno: 2006 - Volume: 27 - Fascicolo: 1 - Pagina iniziale: 145 - Pagina finale: 171

This paper empirically analyses the effects of regulatory reform and new ownership and control patterns on firm-level investments. The sample includes European telecommunication incumbents in the period 1995-2003. When privatization and corporate restructuring programs are taken into account, market structure and regulation result to have a mixed or not significant role. State-owned enterprises are estimated to invest more in their networks due to a looser governance; firms that have been privatized through public offering invest comparatively less, unless managers enjoy some degree of discretion.



SICI: 0019-7416(2006)27:1<145:RRPEIU>2.0.ZU;2-1
Testo completo: http://www.mulino.it/ws/rwDirectDownload.php?doi=10.1430/21817
Testo completo alternativo: http://www.mulino.it/rivisteweb/scheda_articolo.php?id_articolo=21817

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