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Politics, labor, regulation, and performance: lessons from the privatization of OTE

Pagoulatos, George and Zahariadis, Nikolaos (2011) Politics, labor, regulation, and performance: lessons from the privatization of OTE. Hellenic Observatory papers on Greece and Southeast Europe, GreeSE paper no. 46. The Hellenic Observatory, London School of Economics and Political Science, London, UK.

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Abstract

We use a public interest approach to assess the impact of weak regulation and troubled labor relations on the Hellenic Telecommunications Organization (OTE) market and social performance since 1992. Our findings confirm that regulation in tandem with reduced state ownership generally improves market and social performance. Much depends on the intensity of regulation, not just its scope. Labor also plays a critical role in tempering performance in critical junctures of the privatization cycle; in order to secure industrial peace in the short run political authorities undermine the company’s long-term market performance. The study sheds light on the political calculus of labor policy and state-business relations during and after privatization.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/collections/hellenicObservato...
Additional Information: © 2011 the authors
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HE Transportation and Communications
J Political Science > JN Political institutions (Europe)
Sets: Research centres and groups > Hellenic Observatory
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: GreeSE paper no. 46
Date Deposited: 04 Apr 2011 10:41
URL: http://eprints.lse.ac.uk/33827/

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