Tobin’s Q-theory of investment has been linked to firm merger activity by Jovanovic and Rousseau. They showed that firms with higher Q-values, that is the ratio of market to book values, tend to be the ones buying other firms and not the ones being acquired. Market values should theoretically...

This chapter serves to assess the quantity and impact of private agricultural research in developing countries, alongside the policies which affect that research. To provide context, an outline of the history, size and structure of private research presents data on research expenditures by...