Streamlining and Privatization Prices in the Telecommunications Industry

24 Pages Posted: 17 Jan 2007

See all articles by Alberto Chong

Alberto Chong

University of Ottawa

Virgilio Galdo

Michigan State University - Economics

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Abstract

We study the link between state-owned restructuring before privatization and privatization sales prices for the telecommunications industry. We use new data to cover 84 telecommunications privatizations, which account for nearly 80% of the sector in terms of value. We focus on streamlining policies and regulatory issues prior to privatization and find that, while most labour streamlining measures have no bearing on privatization prices, the presence of a regulatory agency prior to privatization does impact on prices, especially if such an agency was set up well before the sale took place.

Suggested Citation

Chong, Alberto and Galdo, Virgilio, Streamlining and Privatization Prices in the Telecommunications Industry. Economica, Vol. 73, No. 291, pp. 461-484, August 2006, Available at SSRN: https://ssrn.com/abstract=918585 or http://dx.doi.org/10.1111/j.1468-0335.2006.00517.x

Alberto Chong (Contact Author)

University of Ottawa ( email )

2292 Edwin Crescent
Ottawa, Ontario K2C 1H7
Canada

Virgilio Galdo

Michigan State University - Economics ( email )

Agriculture Hall
East Lansing, MI 48824-1122
United States
517-203-8372 (Phone)

HOME PAGE: http://search.msu.edu/people/index.php?uid=488171&prev=Galdo,%20Virgilio

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