Privatizing Telecoms and Residual State Influence on Financial Performance

We test competing theoretical perspectives explaining likely shareholder returns from material investment decisions announced by privatizing telecommunications firms (telecoms) with varying levels of residual state ownership. A principal-agent perspective suggests that decrease in residual state own...

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Bibliographic Details
Main Authors: Schrage, Burkhard N., Vaaler, Paul M.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/2344
https://ink.library.smu.edu.sg/context/lkcsb_research/article/3343/viewcontent/3304_SchrageVaaler.pdf
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Institution: Singapore Management University
Language: English