We investigate the role of privatization on the dynamics 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 privatization will also increase the degree to which they engage in collaborations with external inventors, both locally and abroad. Using a sample of privatized firms in 25 countries, we find strong evidence supporting these hypotheses. Importantly, we find that overall patenting activities and, in particular, overseas collaboration in technological innovation are associated with greater firm performance, but only after privatization.

中文翻译：

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私有化对创新特征的影响

我们调查私有化对创新动力的作用。我们假设私有化公司将专注于范围更窄的技术，以应对日益增加的盈利压力和短期结果，并且私有化还将增加他们与本地和国外的外部发明者合作的程度。使用 25 个国家的私有化公司样本，我们找到了支持这些假设的有力证据。重要的是，我们发现整体专利活动，特别是技术创新方面的海外合作与更高的公司业绩相关，但只有在私有化之后。