In this paper we report the results of a study investigating U.S. institutional investors' myopia. Treating institutional ownership as an endogenous variable, we analyze whether institutions prefer to invest in those corporations which have a long-term orientation, as measured by their research...

This article examines growth patterns of government companies in India, whether their presence has crowded out private entrepreneurial activity and whether there has been a decline in the competitiveness of India's industry, measured as relative productive efficiency, for a 45 year period from...

Financing questions are important in assessing firms in regulated sectors, such as telecommunications, as they have high debt levels. Concomitantly, a regulatory innovation influencing firms behavior has seen ‘cost-plus' rate of return regulation giving way to incentive-based ‘price-minus'...

In this study, based on the reasoning that financial considerations in influence investment patterns within the context of a network industry, we evaluate the effects of lower access prices and cross subsidization on investments in bandwidth-expanding technology by local exchange carriers in the...

We evaluate the impact of the various mergers of the local exchange companies that took place between 1988 and 2001 on several measures of performance of the firms that have undergone the mergers. Our analysis reveals that relative cash flows decrease after mergers, the pattern of accompanying...