Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.

Bargaining between host states and investors over the terms of investment in sensitive sectors of the economy generates political and economic tensions. In this study, we investigate the factors that contribute to the outcomes of those negotiations as measured by the private (vs state-owned) share of newly consummated telecommunications infrastructure projects. We find that private ownership is positively associated with overall economic development and investment liberalization in the host country and with greenfield (vs divestiture) and joint venture (vs wholly owned) projects. Private ownership is negatively associated with existing telecommunications infrastructure, higher levels of state ownership of foreign investing firms, and the technological sophistication of the projects. Our analysis also shows a curvilinear (inverted U-shaped) relationship between investment policy hazards and private ownership. This finding supports the insight from transaction cost economics that potential gains from internalization are greatest at intermediate levels of uncertainty.

Main Author: Doh, Jonathan P.
Other Authors: Teegen, Hildy., Mudambi, Ram.
Format: Villanova Faculty Authorship
Language: English
Published: 2004
Online Access: http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:175787
PID vudl:175787
id vudl:175787
modeltype_str_mv vudl-system:CoreModel
vudl-system:CollectionModel
vudl-system:ResourceCollection
datastream_str_mv DC
PARENT-QUERY
PARENT-LIST-RAW
PARENT-LIST
MEMBER-QUERY
MEMBER-LIST-RAW
LEGACY-METS
LICENSE
AGENTS
PROCESS-MD
THUMBNAIL
STRUCTMAP
RELS-EXT
hierarchytype
sequence_vudl_175786_str 0000000001
has_order_str no
hierarchy_top_id vudl:641262
hierarchy_top_title Villanova faculty author
hierarchy_parent_id vudl:175786
hierarchy_parent_title Doh Jonathan
hierarchy_sequence 0000000001
hierarchy_first_parent_id_str vudl:175787
hierarchy_sequence_sort_str 0000000001
hierarchy_all_parents_str_mv vudl:172968
vudl:641262
vudl:175786
first_indexed 2014-01-11T22:01:17Z
last_indexed 2021-04-12T19:05:00Z
recordtype vudl
fullrecord <root> <url> http://digital.library.villanova.edu/files/vudl:175787/DC </url> <thumbnail> http://digital.library.villanova.edu/files/vudl:175787/THUMBNAIL </thumbnail> </root>
spelling
institution Villanova University
collection Digital Library
language English
dc_source_str_mv Journal of International Business Studies 35(3), May 2004, 233-250.
author Doh, Jonathan P.
author_facet_str_mv Doh, Jonathan P.
Teegen, Hildy.
Mudambi, Ram.
author_or_contributor_facet_str_mv Doh, Jonathan P.
Teegen, Hildy.
Mudambi, Ram.
author_s Doh, Jonathan P.
spellingShingle Doh, Jonathan P.
Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.
author-letter Doh, Jonathan P.
author_sort_str Doh, Jonathan P.
author2 Teegen, Hildy.
Mudambi, Ram.
author2Str Teegen, Hildy.
Mudambi, Ram.
dc_title_str Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.
title Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.
title_short Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.
title_full Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.
title_fullStr Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.
title_full_unstemmed Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.
collection_title_sort_str balancing private and state ownership in emerging markets' telecommunications infrastructure: country, industry, and firm influences.
title_sort balancing private and state ownership in emerging markets' telecommunications infrastructure: country, industry, and firm influences.
format Villanova Faculty Authorship
description Bargaining between host states and investors over the terms of investment in sensitive sectors of the economy generates political and economic tensions. In this study, we investigate the factors that contribute to the outcomes of those negotiations as measured by the private (vs state-owned) share of newly consummated telecommunications infrastructure projects. We find that private ownership is positively associated with overall economic development and investment liberalization in the host country and with greenfield (vs divestiture) and joint venture (vs wholly owned) projects. Private ownership is negatively associated with existing telecommunications infrastructure, higher levels of state ownership of foreign investing firms, and the technological sophistication of the projects. Our analysis also shows a curvilinear (inverted U-shaped) relationship between investment policy hazards and private ownership. This finding supports the insight from transaction cost economics that potential gains from internalization are greatest at intermediate levels of uncertainty.
publishDate 2004
normalized_sort_date 2004-01-01T00:00:00Z
dc_date_str 2004
license_str protected
REPOSITORYNAME FgsRepos
REPOSBASEURL http://hades.library.villanova.edu:8088/fedora
fgs.state Active
fgs.label Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.
fgs.ownerId diglibEditor
fgs.createdDate 2013-01-22T05:00:59.139Z
fgs.lastModifiedDate 2021-04-12T19:00:31.253Z
dc.title Balancing private and state ownership in emerging markets' telecommunications infrastructure: Country, industry, and firm influences.
dc.creator Doh, Jonathan P.
Teegen, Hildy.
Mudambi, Ram.
dc.description Bargaining between host states and investors over the terms of investment in sensitive sectors of the economy generates political and economic tensions. In this study, we investigate the factors that contribute to the outcomes of those negotiations as measured by the private (vs state-owned) share of newly consummated telecommunications infrastructure projects. We find that private ownership is positively associated with overall economic development and investment liberalization in the host country and with greenfield (vs divestiture) and joint venture (vs wholly owned) projects. Private ownership is negatively associated with existing telecommunications infrastructure, higher levels of state ownership of foreign investing firms, and the technological sophistication of the projects. Our analysis also shows a curvilinear (inverted U-shaped) relationship between investment policy hazards and private ownership. This finding supports the insight from transaction cost economics that potential gains from internalization are greatest at intermediate levels of uncertainty.
dc.date 2004
dc.format Villanova Faculty Authorship
dc.identifier vudl:175787
dc.source Journal of International Business Studies 35(3), May 2004, 233-250.
dc.language en
license.mdRef http://digital.library.villanova.edu/copyright.html
agent.name Falvey Memorial Library, Villanova University
KHL
has_thumbnail true
THUMBNAIL_contentDigest_type MD5
THUMBNAIL_contentDigest_digest 203c69e18f4f46c81e9892448d2c07cd
THUMBNAIL_contentLocation_type INTERNAL_ID
THUMBNAIL_contentLocation_ref http://hades-vm.library.villanova.edu:8088/fedora/get/vudl:175787/THUMBNAIL/2013-01-22T05:01:00.986Z
relsext.hasModel info:fedora/vudl-system:CoreModel
info:fedora/vudl-system:CollectionModel
info:fedora/vudl-system:ResourceCollection
relsext.itemID oai:digital.library.villanova.edu:vudl:175787
relsext.isMemberOf info:fedora/vudl:175786
relsext.hasLegacyURL http://digital.library.villanova.edu/Villanova%20Digital%20Collection/Faculty%20Fulltext/Doh%20Jonathan/DohJonathan-c34159b9-a325-4eac-8c44-24b87503d3b0.xml
relsext.sortOn title
relsext.sequence vudl:175786#1
_version_ 1696862621719855104
score 13.586091
subpages