R&D in Indian public enterprises: An assessment
AbstractUsing 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
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 32073.
Date of creation: 2006
Date of revision:
Publication status: Published in Science Technology and Society 2.16(2011): pp. 177-190
R&D intensity; innovation activity; leverage ratio; Tobit model; privatization; India;
Find related papers by JEL classification:
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
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