This article analyzes the impact of privatization on firms` expected R amp; D economic performance. We examine the effect of R amp; D investments on market value for a panel of privatized firms in Western Europe matched with different panels of privately owned firms. The results show that the...

In this paper, we analyze the impact of privatization on the firms' R&D performance. We expect that, in the early period after privatization, path dependencies still negatively affect the efficiency of R&D operations. We test our hypothesis using a Tobin's q measure and estimating a hedonic...

In this paper, we analyze the impact of privatization on the firms' R&D performance. We expect that, in the early period after privatization, path dependencies still negatively affect the efficiency of R&D operations. We test our hypothesis using a Tobin's q measure and estimating a hedonic...