THEORETICAL ASPECTS OF THE HORIZONTAL RESTRUCTURING OF TELEBRAS PRIOR TO PRIVATIZATION IN BRAZIL
Keywords:
bebida alcoólica, atividade física, desnutriçãoAbstract
The previous restructuring of the Brazilian state-owned holding in telecommunications, TELEBRAS, was part of a strategy designed to foster competition and efficiency after privatization. One of the main questions was how many companies should TELEBRAS be split into? This paper addresses critically the main elements considered by Brazilian regulators and discusses theoretical arguments related to scale, scope and transaction cost economies, potential competition, yardstick competition and excessive dispersion of efforts. Weighing all arguments, we conclude that TELEBRAS should be further separated in to horizontal grounds by undertaking an alternative restructuring process.Downloads
Downloads
Published
Issue
Section
License
The submission of a manuscript authorizes its publication by the Brazilian Journal of Business Economics/Revista Brasileira de Economia de Empresas and implies that it refers to original work, which is not currently submitted to any other journal. It is forbidden any reproduction, partial or total, by any other media, either press or digital, of the published papers. In this case, previous and necessary authorization must be requested. In case it is obtained, one must include a formal acknowledgement to the BJBE/RBEE, which is the first publisher of the paper. The BJBE/RBEE does not pay any copyright to the authors of published papers.
Copyright and Licensing
The copyrighter of the BJBE/RBEE is the Editora Universa of the Universidade Católica de Brasília.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Submitting an article authorizes its publication and implies a commitment that the same material will not be submitted to another journal.
The journal does not pay royalties to the authors of published articles.
