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We introduce a new measure of herding that allows for tracking dynamics of individual herding. Using a database of over 8 million trades by 87,373 retail investors between 1999 and 2006, we show in an original way that individual herding is persistent over time and that past performance and the...
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In 1997, France Telecom, the state-owned French telephone company, went through a partial privatization. We adapt a …
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service provision in two sectors, rail and telecommunications, and three countries, the UK, Germany and France. Possible …
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this paper we address this issue by analyzing seven cases of privatization that have recently occurred in Italy and France …Over the last two decades privatization programmes in a variety of different countries have radically reduced the role … in order to gauge how R&D activities may be affected by privatization in terms of objectives and organization. The …
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