We investigate whether foreign institutional ownership impacts corporate innovation. Using firm-level data from 30 countries in 2001-2010, we find that higher foreign institutional ownership is associated with more investment in R&D and patents. Using the exogenous increase in foreign institutional holdings that follows a firm’s addition to the Morgan Stanley Capital International World Index, ...

We examine the contrast in the experience of ownership reforms between urban SOEs and rural TVEs using a panel of industrial enterprises in Nanjing municipality for the period from 1994 to 2001. Our objectives are twofold. First, we study how the reform program of “grasp the large and let go of the small” has been carried out in practice by comparing the patterns of enterprise restructuring in ...

This paper attempts to explain the level and dynamics of firm level productivity through a model of convergence, for UK service sector firms over the period 1988 to 1998. Firms of different characteristics have different productivity levels and rates of catch-up. We find strong evidence to relate differences in the rate of convergence to the ownership status of the firm and weak evidence that i...

The purposeof this studywas to Analyzing factors that effecting on rangeland degradation. Statistical population of this research consisted of whole farmer in Pirtaj district (N= 1600); from that 120 farmer were selected as sample using cluster sampling. The main tool to collect data was a researcher made questionnaire that Content validity of the questionnaire was approved, by a panel of exper...

This paper investigates the role of productivity on a firm’s organizational choice. We set up an industry-equilibrium model in which heterogeneous firms concurrently choose their type of inputs, ownership structure and location of production. In choosing their type of inputs, firms trade off the extra customization costs of adopting generic inputs against the reduced hold-up friction that gener...

Patents are one of the important outputs of innovation processes within firms, and have been a topic of extensive research recently, spurred in no little part by the publication of the NBER patent data (Hall, Jaffe and Trajtenberg, 2001) and the availability of patent data online (e.g. the USPTO website). This study uses name-matching procedures to create a new dataset that links the NBER paten...

information dissemination throughout the society is carried out by a phenomenon called news. this phenomenon is in relation to various social institutions as well as different aspects of people’s lives. in the present article, the writers believe that, firstly, the phenomenon of news, despite the operations carried out to disseminate and present it, has material value and that its economic valu...