Singh, Lakhwinder and Jain, Varinder (2009): Emerging Pattern of India's Outward Foreign Direct Investment Under the Influence of State Policy: A Macro View.
Download (116kB) | Preview
Emerging growth dynamism of Indian economy in rapidly globalising world is highly recognised and commented by a large body of researchers during the recent period. In fact, the Indian planning has made long concerted effort to develop strategic and competitive capabilities in the agents of production. During the recent periods, these capabilities have started paying. Such trends became more lucid with the strengthening of Indian capital especially abroad as the Indian capital has initiated collaborations and mergers with the global players. This study provides insights into such achievement of the Indian economy. Besides providing a review of theory and practice of emerging multinationals from developing countries, this paper examines India’s outward foreign direct investment in an evolutionary perspective. In its endeavor, the study besides tracing the emerging pattern of India’s outward foreign direct investment, hints at the facilitating role of state policy to encourage the outflow of foreign direct investment.
|Item Type:||MPRA Paper|
|Original Title:||Emerging Pattern of India's Outward Foreign Direct Investment Under the Influence of State Policy: A Macro View|
|English Title:||Emerging Pattern of India's Outward Foreign Direct Investment Under the Influence of State Policy: A Macro View|
|Keywords:||Outward foreign direct investment, Multinational enterprises, Mergers and acquisitions, Indian Public Policy, India|
|Subjects:||F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms; International Business
G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation
G - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers; Acquisitions; Restructuring; Corporate Governance
|Depositing User:||Lakhwinder Singh|
|Date Deposited:||17. Feb 2009 11:49|
|Last Modified:||13. Feb 2013 13:06|
Aulakh, P. S. (2007) “Emerging Multinationals from Developing Economies: Motivations, Paths and Performance”, Journal of International Management, Vol. 13.
Bertoni, F., Sstefano Elia and Larissa Rabbiosi (2008) “Drivers of Acquisitions from BRICs to Advanced Countries: Firm-Level Evidence”, Paper presented in the conference on Emerging Multinationals: Outward FDI from Emerging and Developing Economies, Copenhagen Business School, Copenhagen, Denmark
CMIE (2007) Mergers and Acquisitions, Mumbai: Centre for Monitoring the Indian Economy.
Dawar, N. and T. Frost (1999) “Competing with Giants: Survival Strategies for Local Companies in Emerging Markets”, Harvard Business Review, March-April.
Dunning, J.H. (2000) “The Eclectic Paradigm as an Envelope for Economic and Business Theories of MNE Activity”, International Business Review, Vol. 9.
Dunning, J. H. et al. (1998), “Third World Multinationals Revisited: New Developments and Theoretical Implications” in J.H. Dunning (ed.) Globalization, Trade and Foreign Direct Investment, Oxford: Pergamon.
Gammeltoft, P. (2008) “Emerging Multinationals: Outward FDI from the BRICs Countries” International Journal of Technology and Globalisation, Vol. 4.
Hymer, S. (1976) The International Operation of National Firms, Cambridge, MA: MIT Press.
Jha, R. (2006) “Outward Foreign Direct Investment from India”, 2006 Global Meeting, Virginia: Emerging Markets Forum.
Khana, T. and Krishna Palepu (2006) “Emerging Giants: Building World-Class Companies in Developing Countries”, Harvard business Review, Vol. 84, October.
Kumar, N. (1995) “Industrialization, Liberalization and Two Way Flows of Foreign Direct Investments: The Case of India”, Discussion Paper No. 9504, Institute for New Technologies, United Nations University.
Lall, S. (1983) The New Multinationals: the Spread of third World Enterprises, New York: John Wiley.
Mathews, J.A. (2006) “Dragon Multinationals: New Players in 21st Century Globalization”, Asia Pacific Journal of Management, Vol. 23.
Nagraj, R. (2006) “Indian Investments Abroad: What Explains the Boom?”, Economic and Political Weekly, November 18.
Nayyar, D. (2008) “Internationalization of Firms From India: Investment, Mergers and Acquisitions” Trade and Globalization, New Delhi: Oxford University Press.
Ramamurti, R. (2008) “What Have We Learned About Emerging-Market MNEs? Insights from a Multi-Country Research Project”, Paper Presented in the Conference on Emerging Multinationals: Outward FDI from Emerging and Developing Economies, Copenhagen Business School, Copenhagen, Denmark.
RBI (2009) “Indian Investment Abroad in Joint Ventures and Wholly Owned Subsidiaries: 2008-09”, Monthly Bulletin, January.
RBI (2005-06) Annual Report, Mumbai: Reserve Bank of India.
RBI (2007-08) Annual Report, Mumbai: Reserve Bank of India.
UNCTAD (2006) “FDI from Developing and Transition Countries: Implications for Development”, World Investment Report 2006, New York: United Nations.
UNCTAD (2008) “Transnational Corporations and the Infrastructure Challenge” World Investment Report 2008, New York: United Nations.