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

Jonathan P Doh, Hildy Teegen and Ram Mudambi
Additional contact information
Jonathan P Doh: Department of Management, College of Commerce and Finance, Villanova University, USA
Hildy Teegen: Department of International Business, School of Business and Public Management, The George Washington University, Washington, USA

Journal of International Business Studies, 2004, vol. 35, issue 3, 233-250

Abstract: 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. Journal of International Business Studies (2004) 35, 233–250. doi:10.1057/palgrave.jibs.8400082

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (48)

Downloads: (external link)
http://www.palgrave-journals.com/jibs/journal/v35/n3/pdf/8400082a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/jibs/journal/v35/n3/full/8400082a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
Journal Article: Balancing private and state ownership in emerging markets' telecommunications infrastructure: country, industry, and firm influences (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:jintbs:v:35:y:2004:i:3:p:233-250

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41267/PS2

Access Statistics for this article

Journal of International Business Studies is currently edited by John Cantwell

More articles in Journal of International Business Studies from Palgrave Macmillan, Academy of International Business
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().