| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| The Effects of Privatization on R&D Investments and Patent Productivity | |
| Federico Munari; Maurizio Sobrero | |
| 发表日期 | 2002 |
| 出处 | Economy and Society |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Over the last two decades privatization programs in different countries radically reduced the role of the State as a key player in the economic arena. We use agency theory to discuss the theoretical relationship between changes in the firm's principal-agent structure following privatization, and incentives to invest in R&D and to patent. We compare the pre and post privatization R&D effort and patenting behavior of 35 companies that were fully or partially privatized in 9 European countries through public share offering between 1980 and 1997. Results show that, after controlling for inter-industry differences, privatization processes negatively affect different measures of R&D commitment. Moreover, the shift from public to private ownership leads to a significant increase in the quantity of patents granted and in their quality, measured by citations' intensity. |
| 特色分类 | G34,O32 |
| 关键词 | Privatization,R&D investments,patents,inventions |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-effects-of-privatization-on-r-amp-d-investments-and-patent-productivity/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116776 |
| 推荐引用方式 GB/T 7714 | Federico Munari,Maurizio Sobrero. The Effects of Privatization on R&D Investments and Patent Productivity. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2002-064.pdf（563KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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