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Prevention of competition by competition law: Evidence from unbundling regulation on fiber-optic networks in Japan
Minamihashi, Naoaki - 2011
unbundling regulations on new optical-fiber lines. I find that unbundling regulation prevents new providers from building optical … particular, when a new technology is introduced, unbundling regulation has an oligopolization effect on the regulated firms. This … finding in the Japanese telecommunications industry suggests that unbundling regulation during periods of new technology …
Persistent link: https://www.econbiz.de/10010332517
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Regulation and Investment in Network Industries: Evidence from European Telecoms
Grajek, Michał; Röller, Lars-Hendrik - 2009
We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20 countries over 10 years. Our econometric model accommodates: different investment incentives for...
Persistent link: https://www.econbiz.de/10010352072
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Do the elderly reduce housing equity? An international comparison
Chiuri, Maria Concetta; Jappelli, Tullio - 2008
We explore the pattern of elderly homeownership using microeconomic surveys of 15 OECD countries, merging 60 national household surveys on about 300,000 individuals. In all countries the survey is repeated over time, permitting construction of an international dataset of repeated cross-sectional...
Persistent link: https://www.econbiz.de/10010298403
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Do the elderly reduce housing equity? An international comparison
Chiuri, Maria Concetta; Jappelli, Tullio - 2006
We explore the shape of the elderly homeownership rate using a collection of microeconomic surveys of 17 OECD countries. In most, the survey is repeated over time. This allows us to construct an international dataset of repeated cross-sectional data, merging 59 national household surveys on...
Persistent link: https://www.econbiz.de/10010335348
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The drivers and implications of business divestiture: an application and extension of prior findings
Decker, Carolin; Mellewigt, Thomas - 2007
The purpose of this study is to extend the current understanding of business divestiture by investigating its potential for triggering strategic reorientation. A divestiture involving strategic reorientation is here denoted as a strategic business exit, otherwise it is a status quopreserving...
Persistent link: https://www.econbiz.de/10010263702
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Der Einfluss von Diversifikationsstrategien auf den Aktienkurs deutscher Unternehmen
Rustige, Marc; Grote, Michael H. - 2008
Sowohl die Diversifikation als auch die Fokussierung von Unternehmensaktivitäten werden häufig mit der Maximierung des Unternehmenswertes begründet. Wir untersuchen die Auswirkungen auf den Aktienkurs für 184 Akquisitionen sowie 139 Desinvestitionen deutscher Konzerne im Zeitraum von...
Persistent link: https://www.econbiz.de/10010269735
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The Asymmetries of a Small World: Entry Into and Withdrawal From International Markets by French Firms
Engel, Dirk; Procher, Vivien; Schmidt, Christoph M. - 2010
This paper studies the internationalization behaviour of French companies, using more than 330.000 observations for three two-year intervals. We analyze the role of productivity, organisational and ownership structure, and of financial characteristics for the decision to enter into and exit from...
Persistent link: https://www.econbiz.de/10010269975
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Home Firm Performance after Foreign Investments and Divestitures
Engel, Dirk; Procher, Vivien - 2010
Being international' has nearly become an undisputed aim for firms in a globalized world. Several papers find a positive relationship between foreign direct investment (FDI) and the home performance of firms. In this paper we address the 'FDI - export' relationship to better understand this...
Persistent link: https://www.econbiz.de/10010269999
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Why do foreign banks withdraw from other countries? A panel data analysis
Hryckiewicz, Aneta; Kowalewski, Oskar - 2010
This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical evidence of the causes of multinational banks' exits from other countries. Using panel data for 149 closed or divested foreign bank subsidiaries across 54 countries from 1997 to...
Persistent link: https://www.econbiz.de/10010270480