Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 15, 2016 erstellt
Description:
We investigate the role of privatization on the after-market dynamic of innovation. We hypothesize that privatized firms will focus on a narrower set of technologies as a response to increased pressure for profitability and short-term results, and that they engage in overseas collaboration more after privatization. Using a cross-country sample of privatized firms, we find strong evidence supporting these hypotheses. In particular, newly privatized firms seem to increase overseas collaboration and devote most of it to the more promising technologies. Importantly, the overseas collaboration in technological innovation is associated with greater firm performance, but only so after privatization