Privatization, corporate control and regulatory reform: The case of Telefonica

Telecommunications Policy

Volumn 29, Issue 1, 2005, Pages 25-51

  Bel, Germà ^a,b   Trillas, Francesc ^c  

^a Department of Obstetrics Gynecology   (United States)

^b UNIVERSITY OF BARCELONA   (Spain)

^c UNIVERSITAT AUTÒNOMA DE BARCELONA   (Spain)

Author keywords

Capture; Corporate governance; Deregulation; Privatization; Regulation

Indexed keywords

DEREGULATION; INDUSTRIAL ECONOMICS; INVESTMENTS; LAWS AND LEGISLATION; MANAGERS; PRIVATIZATION; PUBLIC POLICY; REGULATORY COMPLIANCE;

CAPTURE; CORPORATE CONTROL; CORPORATE GOVERNANCE; SHAREHOLDERS; TELEFONICA (CO);

TELECOMMUNICATION INDUSTRY;

EID: 13644264178     PISSN: 03085961     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.telpol.2004.09.003     Document Type: Article

References (41)

1. G. Bel Privatization public offerings and political objectives Applied Economics 34 11 2002 1421 1432
2. G. Bel Confidence building and politics in privatization some evidence from Spain Economics Letters 78 1 2003 9 16
3. D. Besanko, J. D'Souza, and S.R. Thiagarajan The effect of wholesale market deregulation on shareholder wealth in the electric power industry Journal of Law and Economics 44 1 2001 65 88
4. Bhagat, S., & Romano, R. (2001). Event Studies and The Law. Yale ICF Working Paper 00-33.
5. B. Biais, and E.C. Perotti Machiavellian privatization American Economic Review 92 1 2002 240 258
6. Bulent Aybar, C., Guney, E. S., & Suel, H. (2001). Privatization and Regulation in Turkish Telecommunications. Mimeo.
7. A. Calvo El teléfono en España antes de Telefónica (1877-1924) Revista de Historia Industrial 0 13 1998 59 81
8. M.I. Cragg, and I.J.A. Dyck Management control and privatization in the United Kingdom a quiet life disturbed RAND Journal of Economics 30 3 1998 475 497
9. Crespí i Cladera, R., & García-Cestona, M. A. (1999). Ownership and Control: a Spanish Survey. Fondazione Eni Enrico Mattei Note di Lavoro: 23/99.
10. H. De Angelo, L.De. Angelo, and S.C. Gilson Perceptions and the politics of finance junk bonds and the regulatory seizure of first capital life Journal of Financial Economics 41 3 1996 475 511
11. H. Demsetz, and K. Lehn The structure of corporate ownership causes and consequences Journal of Political Economy 93 6 1985 1155 1177
12. K.L. Dewenter, and P.H. Malatesta State-owned and privately owned firms an empirical analysis of profitability, leverage and labour intensity American Economic Review 91 1 1998 320 334
13. A.W. Dnes, and J.S. Seaton The regulation of British Telecom. An event study Journal of Institutional and Theoretical Economics 155 4 1999 610 616
14. G. Grossman, and E. Helpman Special interest politics 2001 MIT Press Cambridge, MA
15. L.S. Hyman, and H. West Diversification, deregulation, and competition cost of capital implications for electric utilities M.A. Crew Deregulation and diversification of utilities 1989 Kluwer Academic Publishers Boston, MA
16. M. Jensen Agency costs of free cash flow, corporate finance, and takeovers American Economic Review 76 2 1986 323 329
17. S.L. Jones, W.L. Megginson, R.C. Nash, and J.M. Netter Share issue privatizations as financial means to political and economic ends Journal of Financial Economics 53 2 1999 217 253
18. Joskow, P., Rose, N., & Shepard, A. (1993). Regulatory constraints on CEO compensation. Brookings Papers (Microeconomics) (pp. 1-72).
19. S. Kole, and K. Lehn Deregulation, the evolution of corporate governance, and survival American Economic Review 87 2 1997 421 425
20. H.A. Koski, and S.K. Majumdar Paragons of virtue? Competitor entry and the strategies of incumbents in the US local telecommunications industry Information Economics and Policy 14 4 2002 453 480
21. J.J. Laffont Incentives and political economy 2000 Oxford University Press Oxford
22. J.J. Laffont, and J. Tirole Competition in telecommunications 2000 MIT Press Cambridge, MA
23. K. Lehn Corporate governance in the deregulated telecommunications industry lessons from the airline industry Telecommunications Policy 26 5-6 2002 225 242
24. T. Lys, and L. Vincent An analysis of value destruction in ATT's acquisition of NCR Journal of Financial Economics 39 2/3 1995 353 378
25. W.L. Megginson, B. Bortolotti, J. D'Souza, and M. Fantini Privatization and the sources of performance improvement in the global telecommunications industry Telecommunications Policy 26 5-6 2002 243 268
26. R. Noll Telecommunications reform in developing countries A.O. Krueger Economic policy reform, the second stage 2000 University of Chicago Press Chicago, IL
27. S. Peltzman Toward a more general theory of regulation Journal of Law and Economics 19 2 1976 211 240
28. E.C. Perotti Credible privatization American Economic Review 85 4 1995 847 859
29. E.C. Perotti, and S.E. Guney The structure of privatization plans Financial Management 22 1 1993 84 98
30. H.D. Robison, W.N. Davidson III, and J.L. Glascock The formation of public utility holding companies and their subsequent diversification activity Journal of Regulatory Economics 7 2 1995 199 214
31. R. Sherman Efficiency aspects of diversification by public utilities M.A. Crew Deregulation and diversification of utilities 1989 Kluwer Academic Publishers Boston, MA
32. J.G. Sidak, and D.F. Spulber Deregulatory takings and the regulatory contract the competitive transformation of network industries in the United States 1997 Cambridge University Press New York
33. P. Spiller, and I. Vogelsang The institutional foundations of regulatory commitment in the UK the case of telecommunications Journal of Institutional and Theoretical Economics 153 4 1997 607 629
34. G. Stigler The theory of economic regulation Bell Journal of Economics and Management Science 2 1 1971 1 21
35. Trillas, F. (2000). Privatized utilities: regulatory reform and corporate control. Ph.D. thesis, European University Institute, Firenze.
36. F. Trillas The takeover of enersis the control of privatized utilities Utilities Policy 10 1 2001 25 45
37. F. Trillas Mergers, acquisitions and control of telecommunications firms in Europe Telecommunications Policy 26 5-6 2002 269 286
38. S.J. Wallsten An econometric analysis of telecom competition, privatization, and regulation in Africa and Latin America Journal of Industrial Economics 44 1 2001 1 19
39. Wallsten, S. J. (2002a). Does sequencing matter? Regulation and privatization in telecommunications reforms. Mimeo.
40. Wallsten, S. J. (2002b). Ringing in the 20th century: The effects of state monopolies, private ownership and operating licenses on telecommunications in Europe, 1892-1914. Mimeo.
41. L. Waverman, and F. Trillas Corporate control and industry structure in global communications an introduction Telecommunications Policy 26 5-6 2002 219 224