Liberalization, Technology Adoption, and Stock Returns
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 returns, pointing to significant spillovers of telecom to the rest of the economy.
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| Main Authors: | , , , |
|---|---|
| Format: | Working Paper biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021-03
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| Subjects: | TECHNOLOGY ADOPTION, LIBERALIZATION, TELECOMMUNICATIONS, REGULATION, STOCK RETURNS, |
| Online Access: | http://documents.worldbank.org/curated/en/639631614702431630/Liberalization-Technology-Adoption-and-Stock-Returns-Evidence-from-Telecom https://hdl.handle.net/10986/35210 |
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