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Equity rates of return in the UK : evidence from panel data

Mayer, Colin; Meadowcroft, Shirley; Ulph, A. - In: Recherches économiques de Louvain 50 (1984) 3/4, pp. 363-398

Persistent link: https://www.econbiz.de/10002440964

Dynamic Entry and Investment in New Infrastructures: Empirical Evidence from the Fixed Broadband Industry

Bacache, Maya; Bourreau, Marc; Gaudin, Germain - In: Review of Industrial Organization 44 (2014) 2, pp. 179-209

In the telecommunications industry, the ladder-of-investment approach claims that service-based competition (when … ladder-of-investment, composed of three rungs: bitstream access, local loop unbundling and new access facilities. Using data … test the ladder-of-investment hypothesis. We find no empirical support for this hypothesis, that is, for the transition …

Persistent link: https://www.econbiz.de/10010988285

Access regulation and the transition from copper to fiber networks in telecoms

Bourreau, Marc; Cambini, Carlo; Doğan, Pınar - In: Journal of Regulatory Economics 45 (2014) 3, pp. 233-258

In this paper we study the impact of different forms of access obligations on firms’ incentives to migrate from the legacy copper network to next generation broadband infrastructures. We analyze geographically differential access prices of copper (that depend on whether or not an alternative...

Persistent link: https://www.econbiz.de/10010989239

Capital markets, ownership and distance

Carlin, Wendy; Charlton, Andrew; Mayer, Colin - London School of Economics (LSE) - 2006

This paper uses a new data-set to examine how internal capital markets and foreign ownership affect investment. Our … data allow us to compare investment behaviour of listed subsidiaries with stand-alone firms while controlling for … investment opportunities of parent and subsidiary firms. We evaluate how the size of ownership and the geographical proximity of …

Persistent link: https://www.econbiz.de/10010884649

Ex ante regulation and co-investment in the transition to next generation access

Bourreau, Marc; Cambini, Carlo; Hoernig, Steffen - In: Telecommunications Policy 36 (2012) 5, pp. 399-406

according to geographical differences in NGAN deployment; the impact of co-investment decisions on market outcomes and their …

Persistent link: https://www.econbiz.de/10010943072

Multinational Ownership and Subsidiary Investment

Mayer, Colin; Carlin, Wendy - Department of Economics, Oxford University - 2008

This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent - listed-subsidiary pairs. We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …

Persistent link: https://www.econbiz.de/10011004467

Access regulation and the transition from copper to fiber networks in telecoms

Bourreau, Marc; Cambini, Carlo; Doğan, Pınar - Robert Schuman Centre for Advanced Studies (RSCAS), … - 2013

In this paper we study the impact of different forms of access obligations on firms’ incentives to migrate from the legacy copper network to ultra-fast broadband infrastructures. We analyse three different kinds of regulatory interventions: geographical regulation of access to copper networks...

Persistent link: https://www.econbiz.de/10010721535

Capital Markets, Ownership and Distance

Carlin, Wendy; Charlton, Andrew; Mayer, Colin - C.E.P.R. Discussion Papers - 2006

Persistent link: https://www.econbiz.de/10005124253

Public Ownership: Concepts and Applications

Mayer, Colin - C.E.P.R. Discussion Papers - 1987

Public ownership is viewed as a restriction on the portfolio of equities held by investors. Three conditions are required to justify such restrictions. First, monitoring and coordination create concentration in supply or demand. Second, complete contracts must be infeasible or undesirable....

Persistent link: https://www.econbiz.de/10005656213

How Do Financial Systems Affect Economic Performance?

Mayer, Colin; Carlin, Wendy - Department of Economics, Oxford University - 1999

This paper examines the relation between financial, corporate and legal systems, and economic performance in different countries. It reviews international comparisons that undertake detailed analyses of individual, developed countries and studies that use large, cross-country data banks,...

Persistent link: https://www.econbiz.de/10010661381