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

The paper investigates the pace of technology adoption in telecom technology post liberalization and its effect on stock returns using a new global panel data set. The results are twofold. First, the evidence points to the complementarity between t...

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Main Authors:	Arezki, Rabah, Dequiedt, Vianney, Fan, Rachel Yuting, Rossotto, Carlo Maria
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	TECHNOLOGY ADOPTION LIBERALIZATION TELECOMMUNICATIONS REGULATION STOCK RETURNS
Online Access:	http://documents.worldbank.org/curated/en/639631614702431630/Liberalization-Technology-Adoption-and-Stock-Returns-Evidence-from-Telecom http://hdl.handle.net/10986/35210

id	okr-10986-35210
recordtype	oai_dc
spelling	okr-10986-352102022-09-20T00:10:29Z Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom Arezki, Rabah Dequiedt, Vianney Fan, Rachel Yuting Rossotto, Carlo Maria TECHNOLOGY ADOPTION LIBERALIZATION TELECOMMUNICATIONS REGULATION STOCK RETURNS The paper investigates the pace of technology adoption in telecom technology post liberalization and its effect on stock returns using a new global panel data set. The results are twofold. First, the evidence points to the complementarity between telecom liberalization and regulatory independence in driving a sustained pace of technology adoption. Second, the 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. 2021-03-04T14:35:52Z 2021-03-04T14:35:52Z 2021-03 Working Paper http://documents.worldbank.org/curated/en/639631614702431630/Liberalization-Technology-Adoption-and-Stock-Returns-Evidence-from-Telecom http://hdl.handle.net/10986/35210 English Policy Research Working Paper;No. 9561 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	TECHNOLOGY ADOPTION LIBERALIZATION TELECOMMUNICATIONS REGULATION STOCK RETURNS
spellingShingle	TECHNOLOGY ADOPTION LIBERALIZATION TELECOMMUNICATIONS REGULATION STOCK RETURNS Arezki, Rabah Dequiedt, Vianney Fan, Rachel Yuting Rossotto, Carlo Maria Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom
relation	Policy Research Working Paper;No. 9561
description	The paper investigates the pace of technology adoption in telecom technology post liberalization and its effect on stock returns using a new global panel data set. The results are twofold. First, the evidence points to the complementarity between telecom liberalization and regulatory independence in driving a sustained pace of technology adoption. Second, the 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.
format	Working Paper
author	Arezki, Rabah Dequiedt, Vianney Fan, Rachel Yuting Rossotto, Carlo Maria
author_facet	Arezki, Rabah Dequiedt, Vianney Fan, Rachel Yuting Rossotto, Carlo Maria
author_sort	Arezki, Rabah
title	Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom
title_short	Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom
title_full	Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom
title_fullStr	Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom
title_full_unstemmed	Liberalization, Technology Adoption, and Stock Returns : Evidence from Telecom
title_sort	liberalization, technology adoption, and stock returns : evidence from telecom
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/639631614702431630/Liberalization-Technology-Adoption-and-Stock-Returns-Evidence-from-Telecom http://hdl.handle.net/10986/35210
_version_	1764482557980704768

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

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