Local R&D and technology transfers

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Local R&D and technology transfers

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dc.contributor.author Aggarwal, Aradhna
dc.date.accessioned 2016-04-28T13:38:42Z
dc.date.available 2016-04-28T13:38:42Z
dc.date.issued 2016-04-28
dc.identifier.uri http://hdl.handle.net/10398/9293
dc.description.abstract This study examines how inter-firm heterogeneities in technology modes and intensities are linked to ownership of firms in India, using a panel dataset of 2000 odd Bombay Stock Exchange listed firms for the period from 2003 to 2014 drawn from the PROWESS database of CMIE. For the analysis, foreign ownership is categorised according to the control exercisable by them as defined under the Companies’ Act of India. A comparative analysis of domestic and different categories of foreign firms was conducted at two time periods: the global boom period of 2004-2008 and post crisis period of 2008-2014. The propensity score matching (PSM) analysis reveals that the majority owned foreign companies spend less on R&D and more on technology transfers than their local counterparts. Overall, threshold equity holding and global conditions matter. A panel data regression analysis on matched sample confirms the findings and validates the PSM findings. A horizontal cluster analysis on 3-digit industry level data shows that foreign firms cluster in high technology industries. en_US
dc.format.extent 42 en_US
dc.language eng en_US
dc.relation.ispartofseries Copenhagen Discussion Papers;58
dc.subject.other Foreign firms en_US
dc.subject.other Majority owned foreign subsidiariesminority owned subsidiaries en_US
dc.subject.other Domestic firms en_US
dc.subject.other Performance en_US
dc.title Local R&D and technology transfers en_US
dc.type wp en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Asia Research Centre en_US
dc.contributor.departmentshort ARC en_US
dc.contributor.departmentuk Asia Research Centre en_US
dc.contributor.departmentukshort ARC en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2016 en_US
dc.title.subtitle A Comparative Analysis of foreign and local firms in Indian Industries en_US


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