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MULTINATIONAL ENTERPRISES AND EXPORT PERFORMANCE: EMPIRICAL EVIDENCE FROM INDIAN MANUFACTURING INDUSTRIES

MULTINATIONAL ENTERPRISES AND EXPORT PERFORMANCE: EMPIRICAL EVIDENCE FROM INDIAN MANUFACTURING... The main purpose of the present study is to investigate the role of foreign affiliation on the export performance in the Indian manufacturing industries. We employ a firm level data belonging to eighteen manufacturing industries during the period 1994-2005. To estimate the impact of foreign direct investment on the export performance, we use a unique econometric model developed for the fractional response variables. Empirical analysis was carried out for the sample firms based on the classification of technology intensity. Results of the study reveal prominent differences between technology intensive and less technology intensive firms mainly in terms of the impact on variables such as ownership structure and R&D. The empirical analysis show that foreign affiliates seem to perform better than domestic firms only in the case of less technology intensive sectors. JEL: F10, F14, F23 Keywords: exports, MNCs, fractional logit http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

MULTINATIONAL ENTERPRISES AND EXPORT PERFORMANCE: EMPIRICAL EVIDENCE FROM INDIAN MANUFACTURING INDUSTRIES

SUBASH SASIDHARAN
Economics, Management, and Financial Markets , Volume 6 (1): 239-257 – Jan 1, 2011
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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1842-3191
eISSN
1938-212X
Publisher site
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Abstract

The main purpose of the present study is to investigate the role of foreign affiliation on the export performance in the Indian manufacturing industries. We employ a firm level data belonging to eighteen manufacturing industries during the period 1994-2005. To estimate the impact of foreign direct investment on the export performance, we use a unique econometric model developed for the fractional response variables. Empirical analysis was carried out for the sample firms based on the classification of technology intensity. Results of the study reveal prominent differences between technology intensive and less technology intensive firms mainly in terms of the impact on variables such as ownership structure and R&D. The empirical analysis show that foreign affiliates seem to perform better than domestic firms only in the case of less technology intensive sectors. JEL: F10, F14, F23 Keywords: exports, MNCs, fractional logit

Journal

Economics, Management, and Financial Markets – Addleton Academic Publishers

Published: Jan 1, 2011

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