Pré-Publication, Document De Travail Année : 2021

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

Résumé

The paper investigates the pace of technology adoption in telecom technology post liberalization and its effect on stock returns using a new global panel dataset. Results are twofold. First, evidence points to the complementarity between telecom liberalization and regulatory independence in driving a sustained pace of technology adoption. Second, 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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Dates et versions

hal-03174354 , version 1 (19-03-2021)

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  • HAL Id : hal-03174354 , version 1

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Rabah Arezki, Vianney Dequiedt, Rachel Yuting Fan, Carlo Maria Rossotto. Liberalization, Technology Adoption, and Stock Returns: Evidence from Telecom. 2021. ⟨hal-03174354⟩
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