Ghosh, Saibal (2006): R&D in Indian public enterprises: An assessment. Published in: Science Technology and Society , Vol. 16, No. 2 (2011): pp. 177-190.
Download (249kB) | Preview
Using data on a large sample of public companies in India for 1987-2005, the findings indicate that increases in firm size are likely to be associated with increase in R&D up to a threshold. The evidence is also supportive of the fact that both the intensity of R&D as well as innovation activity is lower for leveraged firms. Finally, the findings fail to discern any significant improvement in R&D intensity in the post-reform period; although there is a noticeable decline in innovation activity after reforms. Privatization does not seem to have exerted any perceptible influence on R&D behaviour of public firms
|Item Type:||MPRA Paper|
|Original Title:||R&D in Indian public enterprises: An assessment|
|Keywords:||R&D intensity; innovation activity; leverage ratio; Tobit model; privatization; India|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E22 - Capital; Investment; Capacity
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C23 - Models with Panel Data; Longitudinal Data; Spatial Time Series
|Depositing User:||Saibal Ghosh|
|Date Deposited:||07. Jul 2011 12:58|
|Last Modified:||12. Feb 2013 13:51|
Acs, Z.J. (1988). Innovation in large and small firms: an empirical analysis. American Economic Review 78, 678-90.
Aggarwal, A. (2000). Deregulation, technology imports and in-house R&D efforts: an analysis of the Indian experience. Research Policy 29, 1081-93.
Aghion, P., A.Klemm, S.Bond and I.Marinescu (2004). Technology and financial structure: are innovative firms different? Journal of the European Economic Association 2, 277-88.
Audretsch, D.B. and Z.J.Acs (1991). Innovation and size at the firm level. Southern Economic Journal 57, 739-44.
Bah, R., and P.Dumontier (2001). R&D intensity and corporate financial policy: some international evidence. Journal of Business Finance and Accounting 28, 671-92.
Baldwin, J., P.Hanel and D.Sabourin (2002). Determinants of innovative activity in Canadian manufacturing firms. In A.Kleinknecht and P.Mohnen (Eds.) Innovation and Firm Performance: Econometric Explorations of Survey Data. Palgrave: London, Ch. 5, 86-111.
Cohen, W. (1995). Empirical studies of innovative activity. In P.Stoneman (Eds.) Handbook of Economics and Technological Change, Blackwell.
Cohen, W., and R.Levin (1989). Empirical studies of innovation and market structure. In R.Schmalensee and R.Willig (Eds.) Handbook of Industrial Organization (Vol. II) Ch. 18, Elsevier Science Publishers, B.V.
Cohen, W., R.Levin and D.C. Mowery (1987). Firm size and R&D intensity: A re-examination. Journal of Industrial Economics 35, 543-63.
Czarnitzki, D., and K.Kraft (2004). Management control and innovative activity. Review of Industrial Organization 24, 1-24.
Department of Science and Technology (1984). Research and Development Statistics 1980-81. Government of India: New Delhi.
Department of Science and Technology (1999). Research and Development Statistics 1994-95. Government of India: New Delhi.
Department of Science and Technology (2004). Research and Development Statistics 2001-02. Government of India: New Delhi.
Desai, A.V. (1985). Market structure and technology: their interdependence in India. Research Policy 14, 161-70.
Government of India (2005). Union Budget 2005-06, Ministry of Finance: New Delhi.
Government of India. Public Enterprise Survey (various years). Government of India: New Delhi.
Gupta, N. (2005). Partial privatization and firm performance. Journal of Finance 60, 987-1015.
Hall, B.H. (2002). The financing of research and development. Oxford Review of Economic Policy 18, 3-51.
Harris, M., and A.Raviv (1991). The theory of the capital structure. Journal of Finance 46, 297-355.
Kartak, H. (1985). Imported technology, enterprise size and R&D in a newly industrialising economy: the Indian experience. Oxford Bulletin of Economics and Statistics 47, 213-30.
Kartak, H. (1989). Imported technology and R&D in a newly industrialising economy: the experience of Indian enterprises. Journal of Development Economics 31, 123-39.
Kartak, H. (1997). Developing countries’ imports of technology, in house technological capabilities and efforts: an analysis of the Indian experience. Journal of Development Economics 53, 67-83.
Kumar, N. and A.Aggarwal (2005). Liberalization, outward orientations and in-house R&D activity of multinational and local firms: a quantitative exploration for Indian manufacturing. Research Policy 34, 441-449.
Lall, S. (1987). Learning to Industrialize: The Acquisition of Technological Capability by India. London: McMillan.
Nelson, R., and S.Winter (1982). The Evolutionary Theory of Economic Change. Cambridge and London: Harvard University Press.
Pakes, A., and Z.Grilliches (1984). Patents and R&D at the firm level: A first look. In Z.Grilliches (Eds.) R&D, Patents and Productivity. Chicago: Chicago Press and NBER.
Smith, R. (2006). Modeling R&D investment levels based on corporate financial data. Research Technology Management 49, 16-22.
Tandon, G.L. (1999). Autonomy for PSEs. Kaleidoscope 18, 37-59.