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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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)|
|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
|Identification Number:||GreeSE paper no. 46|
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