Regulatory Environment and Firm Performance in EU Telecommunications Services

IF 0.9 4区经济学 Q3 ECONOMICS

Review of Network Economics Pub Date : 2014-03-31 DOI:10.2139/ssrn.2422325

D. Montolio, Francesc Trillas, Elisa Trujillo-Baute

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引用次数: 93

Abstract

Abstract We empirically estimate the effects of regulated access prices and firms’ multinational status on firm performance by using firm, corporate group, and country level information for the European broadband market between 2002 and 2010. Three measures of firm performance are used, namely: market share, revenue and productivity. Special attention is paid to differences in the impact on the performance measures depending on a firm’s position as either a market incumbent or entrant. We find that while access prices have a negative effect on entrants’ market share and revenue, the effect on incumbents’ market share, revenue and productivity is positive. Further, we find that multinational entrants perform better than national entrants in terms of their market share but worse in terms of their revenue and productivity. The opposite is true of incumbent multinationals which perform better than nationals in terms of their revenue and productivity but worse in terms of their market share. This confirms that a firm’s multinational status has a significant impact on its performance, and that this impact differs for incumbents and entrants. Finally, when evaluating the impact of access prices on firm performance at the mean performance of national and multinational firms, we find that the impact of access prices is lower for multinational than for national firms.

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欧盟电信服务的监管环境与企业绩效

本文利用2002年至2010年欧洲宽带市场的企业、企业集团和国家层面的信息，实证地估计了受管制的接入价格和企业跨国地位对企业绩效的影响。采用了三种衡量企业绩效的方法，即:市场份额、收入和生产率。特别注意对业绩衡量的影响的差异，这取决于公司作为市场现有者或进入者的地位。研究发现，接入价格对新进入者的市场份额和收入有负向影响，而对现有企业的市场份额、收入和生产率有正向影响。此外，我们发现跨国进入者在市场份额方面表现优于国内进入者，但在收入和生产率方面表现较差。现有跨国公司的情况正好相反，它们在收入和生产率方面比本国公司表现得更好，但在市场份额方面表现得更差。这证实了一家公司的跨国地位对其业绩有重大影响，而且这种影响对现有企业和新进入企业是不同的。最后，在评估准入价格对跨国公司和国内公司平均绩效的影响时，我们发现跨国公司的准入价格的影响低于国内公司。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Network Economics ECONOMICS-

CiteScore

0.90

自引率

0.00%

发文量

期刊介绍： The Review of Network Economics seeks to help policy makers, academics, and practitioners keep informed of new research and policy debate in network economics and related subjects that are relevant to the study of network industries. By publishing high quality research on topical issues relevant to network industries, it is hoped readers will be able to gain a deeper understanding of the economic issues involved and that this will improve the quality of decision making by private and public organisations, and debate among researchers. The articles can cover specific network industries, or may deal with general issues that have relevance to a number of different network industries, including topics in the economics of networks, regulation, competition law, or industrial organisation. Papers that provide insights into policy debates are especially welcome, as are up-to-date surveys, book reviews, and comments.