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...

This paper adopts a stochastic frontier approach to investigate the trend and determinants of total factor productivity (TFP) growth in the agriculture sector of India, using extensive district-level data. The assessment of the production frontier highlights the efficiency aspect of Indian...

In this paper we analyze an entrepreneur /manager's choice between private and public ownership in a setting in which management needs some elbow room or autonomy to optimally manage the firm. In public capital markets, the corporate governance regime in place exposes the firm to exogenous...

The aim of this article is to summarize the results of published researches conducted in the area of influence of ownership forms on companies and financial performance and to highlight the specifics of these relations in the environment of transition economies. Several authors have documented...