Subject(s)
Economics, politics and business environment
Keyword(s)
telecommunications, access regulation, unbundling, investment
JEL Code(s)
C51, L59, L96
We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20 countries over 10 years. Our econometric model accommodates: different investment incentives for incumbents and entrants; a strategic interaction of entrants' and incumbents' investments; and endogenous regulation. We find access regulation to negatively affect both total industry and individual carrier investment. Thus promoting market entry by means of regulated access undermines incentives to invest in facilities-based competition. Moreover, we find evidence of a regulatory commitment problem: higher incumbents' investments encourage provision of regulated access.
With permission of the University of Chicago Press
Volume
55
Journal Pages
189–216
Subject(s)
Finance, accounting and corporate governance
Volume
47
Journal Pages
2–3
ISSN (Online)
1613-964X
ISSN (Print)
0020-5346
Subject(s)
Ethics and social responsibility
Keyword(s)
business ethics, corruption, Russia, retail
With permission of Emerald
Volume
2
Journal Pages
1–10
Subject(s)
Human resources management/organizational behavior
Keyword(s)
sustainability, CSR, stakeholder
Journal Pages
48–49
Subject(s)
Ethics and social responsibility; Strategy and general management
Keyword(s)
Electricity supply industry, innovation, research, sustainability, productivity, ranking, R&D, climate performance, renewables, security of supply, patents, investment activities, transformation leaders, research leaders, dissemination leaders, hesitants, CEZ, Electricité de France (EDF), GDF-Suez, E.ON, RWE, Enel, Dong, Fortum, Statkraft Vattenfall, Iberdrola, Energias de Portugal (EDP), Axpo, Scottish and Southern Energy (SSE)
The most widely used indicator to measure the degree of innovation of an industry is each individual company's actual expenses on research and development (R&D), aggregated across the whole industrial sector. With the ESMT Innovation Index 2010 – Electricity Supply Industry, we suggest expanding the notion of innovation beyond R&D indicators to achievements in productivity and sustainability. We test the methodology of the innovation index with a set of 15 large European electricity utilities and find that innovation activities have substantially increased over the last four years. A German and a French utility, RWE and EDF, lead the ranking within our sample.
Pages
45
ISSN (Print)
1866–4024
Subject(s)
Human resources management/organizational behavior
Volume
1/2
Journal Pages
75–76
ISSN (Print)
1727-4192
Subject(s)
Strategy and general management
Keyword(s)
Business administration
Secondary Title
HÜTTE: Das Ingenieurwissen
Edition
34th ed.,
Pages
1767–1790
ISBN
978-3-642-22849-0
ISBN (Online)
978-3-642-22850-6
Subject(s)
Human resources management/organizational behavior
Keyword(s)
HR, people advantage
Volume
4
Journal Pages
58–60
Subject(s)
Strategy and general management
Keyword(s)
CSR, stakeholders, employees, diversity
Volume
31
Journal Pages
1–4
Subject(s)
Strategy and general management
Keyword(s)
Sustainability, CSR, stakeholder
Volume
1
Journal Pages
14–16