El comportamiento innovador de las empresas privatizadasevidencia empírica
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Universidade de Santiago de Compostela
info
- González Hermoso de Mendoza, Alfonso (coord.)
- Morcillo Ortega, Patricio (coord.)
ISSN: 1579-9417
Datum der Publikation: 2008
Titel der Ausgabe: Innovación sin fronteras. El mito de la sociedad del conocimiento
Nummer: 20
Seiten: 107-114
Art: Artikel
Andere Publikationen in: Revista madri+d. Monografía: revista de investigación en gestión de la innovación y tecnología
Zusammenfassung
This paper analyses the innovation behaviour of privatized firms in the Spanish case, and it points out the reduction of their R&D effort, because of their preference to short term profit and shareholders creation value. Privatization implies a shift in objectives and management of firms, which may affect seriously their innovation activity, due to shifts in strategic targets. The empirical evidence suggests that the relevant contribution of state-owned enterprises to innovation suffer a significant impact from the privatization process.