| Author: | Munari, F. |
| Title: | The effects of privatization on corporate R&D units: evidence from Italy and France |
| Journal: | R. and D. Management
2002 : JUL, VOL. 32:3, p. 223-232 |
| Index terms: | PRIVATIZATION COMPANIES R&D ITALY FRANCE |
| Language: | eng |
| Abstract: | Over the last two decades privatization programmes in a variety of different countries have radically reduced the role of the state as a major owner of productive assets. While there is empirical evidence to show that the switch in ownership generally improves productive efficiency and profitability at company level, its effects on research and development (R&D) activities, which can impact strongly on long-term performance, have been largely ignored in the literature. In this paper the authors address this issue by analyzing seven cases of privatization that have recently occurred in Italy and France in order to gauge how R&D activities may be affected by privatization in terms of objectives and organization. |
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