State owned entity reform in absence of privatization
Subtitle: reforming Indian national laboratories and role of leadership
By: Prithwiraj Choudhury, Tarun Khanna
Contributors: Khanna, Tarun; Harvard Business School
Series: Working paper / Harvard Business School -- 10-006; Working paper (Harvard Business School) -- 10-006.
Publisher: Harvard Business School
Published: 2009
Place of publication: [Boston]
Language: eng
Number of pages: 31
Description: The literature on state-owned entity (SOE) reform has been focused on privatization. We however show that even in the absence of property rights, SOEs may significantly improve performance and document 42 Indian state-owned laboratories over 1993-2006 starting from a base of negligible U.S. patents, being granted more patents than all domestic private firms combined. Patent licensing revenue increases from 3% to 15% as a fraction of government budget without negatively affecting publication quality and quantity. This follows incentive policy change and leadership change at labs, an event whose timing is plausibly exogenous being dictated by government employment rules.
Notes: "July 2009"--Publisher's website.

"Last updated July 2nd, 2009"--added t.p.

Includes bibliographical references.