Horizontal ownership concentration and its consequences is an extraordinarily important contemporary topic. Yet, outcomes evidence is slim. Based on historical data, this retrospective analysis has assessed the impact of horizontal acquisitions on communications infrastructure investment, using...

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'...

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...

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...