Foreign ownership and export performance in the large corporate sector of India
研究了印度大型企业中外资所有权对出口绩效的影响,发现外资所有权有正向作用,但统计显著性不强,反驳了早期基于简单比较的研究。
Abstract This paper examines the impact of foreign ownership on export performance by the largest corporate firms in India, to analyse whether the ‘monopolistic advantages’ of multinationals survive in its highly restrictive and regulated environment. After controlling for industrial characteristics and export incentives, foreign ownership has a positive impact on export performance. The statistical significance of the result is not very strong, but the finding counters earlier works based on simple comparisons of exports at the firm level. The analysis also sheds light on other influences of policy significance on export performance. Notes Respectively at the Institute of Economics and Statistics, University of Oxford, and Indian Council for Research on International Economic Relations, New Delhi.