Effects of Business-Group Affiliation Overseas Investment and Technology on Firm-level Export Intensity: Evidence from Indian Automotive Component Industry

South Asia Economic Journal Pub Date : 2022-06-03 DOI:10.1177/13915614221092824

J. Prakash, D. K. Nauriyal

引用次数: 0

Abstract

Based upon a sample of 78 firms operating in Indian automotive component industry for the period 2000–2018, this research empirically examines the role of business-group affiliation, overseas investment and technology in determining exports. It applies panel Tobit and Probit model estimated with the maximum likelihood estimator. This research finds that technology imports, firm’s age, overseas investment and affiliation to a business group significantly affect industry’s export performance. However, some variables, such as past R&D intensity, firm’s size and companies with overseas investment and being part of a group have been found to have had a detrimental effect. All these results show that being outward-oriented in terms of overseas investment and being affiliated with a business group makes a significant difference concerning export success.

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企业集团隶属、海外投资和技术对企业层面出口强度的影响:来自印度汽车零部件产业的证据

基于2000年至2018年期间在印度汽车零部件行业经营的78家公司的样本，本研究实证检验了企业集团隶属关系、海外投资和技术在决定出口中的作用。它采用最大似然估计器估计的面板Tobit和Probit模型。研究发现，技术进口、企业年龄、海外投资和隶属企业集团对产业出口绩效有显著影响。然而，一些变量，如过去的研发强度、公司规模、有海外投资的公司和集团的一部分，已经被发现有不利的影响。这些结果表明，海外投资的外向型和隶属于企业集团对出口成功有显著影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

South Asia Economic Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The South Asian nations have progressively liberalized their economies in recent years in an effort to integrate with the world economy. They have also taken steps to enhance multilateral and regional economic integration. Even though the South Asian economies have grown at an average rate of more than 5 per cent over the last few years, roughly 40 per cent of their people still live below the poverty line. Hence, the South Asian region continues to face many challenges of economic and social development. The South Asia Economic Journal (SAEJ) is designed as a forum for informed debate on these issues, which are of vital importance to the people of the region who comprise one-sixth of the world’s population. The peer-reviewed journal is devoted to economic analysis and policy options aimed at promoting cooperation among the countries comprising South Asia. It also discusses South Asia’s position on global economic issues, its relations with other regional groupings and its response to global developments. We also welcome contributions to inter-disciplinary analysis on South Asia. As a refereed journal, SAEJ carries articles by scholars, economic commentators,policy-makers and officials, from both the private and public sectors. Our aim is to create a vibrant research space to explore the multidimensional economic issues of concern to scholars working on South Asia. Among the issues debated in relation to South Asia are: - the implications of global economic trends; - the issues and challenges by WTO; - approaches to industrialization and development; - the role of regional institutions such as the SAARC; - the relationship between SAARC and other regional economic groupings such as ASEAN; - the implications of economic liberalization for trade and investment in the region; - new initiatives that can be launched to enhance economic cooperation among the South Asian countries both on a bilateral and a regional basis.