Showing 1 - 10 of 14
productivity trends. …
Persistent link: https://www.econbiz.de/10011324982
Over the last two decades privatization programs in different countries radically reduced the role of the State as a …'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 …
Persistent link: https://www.econbiz.de/10011335727
above average size, initial profitability and initial labor productivity. After controlling for this selection bias, we find … that foreign investment has a positive, but statistically insignificant, impact on TFP (Total Factor Productivity) growth …
Persistent link: https://www.econbiz.de/10011608384
This paper analyses the effects on consumers' welfare of the privatisation policy carried out in the UK since 1979. The approach we follow sees the privatisation of a State owned enterprise within the broader framework of the "policy reform" theory (Drèze and Stern, 1990). By adopting this...
Persistent link: https://www.econbiz.de/10011335730
Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … following privatization. Matching sample firms (privatized) to control firms (SOEs), I document that privatized firms do not …
Persistent link: https://www.econbiz.de/10011335746
This paper offers a review and discussion of the evidence concerning the underpricing and long run performance of British PIPOs (Privatisation Initial Public Offerings) between 1977-1996, i.e. from the first privatisation under a Labour Government (British Petroleum), until the last ones by a...
Persistent link: https://www.econbiz.de/10011335748
efficiency gains result from better incentives and productivity, rather than from wholesale firing of employees and profitability …
Persistent link: https://www.econbiz.de/10011608788
indicators such as employment, turnover, and labour productivity growth. We exploit a unique dataset of 773 Italian service firms … employment, turnover, and labour productivity from the System of the Enterprise Account (SEA). We specify a Gibrat-like empirical … and turnover and a consequent not significant effect on labour productivity growth. The effect on employment is partly in …
Persistent link: https://www.econbiz.de/10010270950
The paper addresses the relevancy of networking activities and R&D as main drivers of productivity performance and … on productivity drivers and on complementarity between R&D and networking strategies, with respect to firm productivity … and process/product output innovation. R&D is a main driver of innovation and productivity, even without networking. This …
Persistent link: https://www.econbiz.de/10010312284
The first striking feature is that ownership of the average UK company is diffuse: a coalition of at least eight shareholders is required to reach an absolute majority of voting rights. Even though the average firm has a dispersed ownership, the reader should bear in mind that there are about...
Persistent link: https://www.econbiz.de/10011608485