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Innovation–Consolidation Nexus: Evidence from India’s Manufacturing Sector

In: Globalisation of Technology

Author

Listed:
  • Beena Saraswathy

    (Institute for Studies in Industrial Development (ISID))

Abstract

Often mergers and acquisitions (M&As) are approved by competition regulator(s) based on the likely impact of it on innovation, which is further expected to enhance consumer welfare. During the initial years of M&As activity, the relationship between M&As and technological performance was not a major concern. During those days, the studies were focusing on the trade-off between efficiency generation and market power creation. However, there has been an unprecedented increase in the value and volume of technology-related mergers, acquisitions and alliances during globalization with a view to minimize cost of production and to effectively withstand market competition. Overall, the study observed that cross-border M&As are spending more for royalties and technical know-how, which indirectly indicates the continuing dependence of foreign firms on import of technology compared to in-house R&D creation in the Indian manufacturing sector.

Suggested Citation

  • Beena Saraswathy, 2018. "Innovation–Consolidation Nexus: Evidence from India’s Manufacturing Sector," India Studies in Business and Economics, in: N.S. Siddharthan & K. Narayanan (ed.), Globalisation of Technology, chapter 0, pages 183-201, Springer.
    • Handle: RePEc:spr:isbchp:978-981-10-5424-2_8
    DOI: 10.1007/978-981-10-5424-2_8
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    More about this item

    Keywords

    Market structure and innovation; Mergers and acquisitions; Anti-trust issues; Government policy and regulations; Monopolization strategies; Innovation;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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