Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom

Rabah Arezki

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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Year of publication:	2021
Authors:	Arezki, Rabah
Other Persons:	Dequiedt, Vianney (contributor) ; Fan, Rachel Yuting (contributor) ; Rossotto, Carlo Maria (contributor)
Publisher:	2021: Washington, D.C : The World Bank
Subject:	Kapitaleinkommen \| Capital income \| Innovationsakzeptanz \| Innovation adoption \| Innovationsdiffusion \| Innovation diffusion \| Telekommunikationssektor \| Telecommunications industry

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Print Version: Arezki, Rabah. Liberalization, Technology Adoption, and Stock Returns: Evidence from Telecom. - Washington, D.C : The World Bank, 2021

Persistent link: https://www.econbiz.de/10012521763