IRIS - Institutional Research Information System
IRIS è il sistema di gestione integrata dei dati della ricerca adottato dalla LUISS Guido Carli. Il Catalogo dei prodotti della ricerca della LUISS raccoglie e rende disponibile, dove possibile nel rispetto del diritto d'autore, la produzione scientifica dei docenti e ricercatori dell'Ateneo. Il Catalogo alimenta inoltre i siti docenti del MIUR.
EnglishThis article analyzes the impact of privatization on firms’ expected R & D economic performance. We examine the effect of R & D Investments on market value for a panel of privatized firms in Western Europe matched with different samples of privately owned firms. The results show that the effect is systematically higher for privately owned firms as compared to privatized firms. Moreover, the market valuation of R & D investments increases over time for privatized firms. This evidence is consistent With the hypothesis that organizational inertia defers the impact of privatization on firm’s R&D performance.
http://hdl.handle.net/11385/3264| Titolo: | Privatization and Economic returns to R&D Investments |
| Autori interni: | ORIANI, RAFFAELE |
| Data di pubblicazione: | 2005 |
| Rivista: | INDUSTRIAL AND CORPORATE CHANGE |
| Abstract: | This article analyzes the impact of privatization on firms’ expected R & D economic performance. We examine the effect of R & D Investments on market value for a panel of privatized firms in Western Europe matched with different samples of privately owned firms. The results show that the effect is systematically higher for privately owned firms as compared to privatized firms. Moreover, the market valuation of R & D investments increases over time for privatized firms. This evidence is consistent With the hypothesis that organizational inertia defers the impact of privatization on firm’s R&D performance. |
| Handle: | http://hdl.handle.net/11385/3264 |
| Appare nelle tipologie: | 01.1 - Articolo su rivista (Article) |
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