 Liberalisation and investment: behaviour of MNEs and large corporate firms in IndiaN. S. Siddharthan and B. L. Pandit International Business Review, 1998, vol. 7, issue 5, 535-548 Abstract: This study examines the impact of the economic liberalisation of the mid-1980s on the investment behaviour of large corporate firms operating in three oligopolistic Indian industries, namely, drugs and pharmaceuticals, chemicals, and industrial machinery. The contrast in investment behaviour between the pre- and the post-liberalisation periods is brought out by the maximum likelihood estimates of the determinants of investment shares of the sample firms for the two periods. The results show that the firm's share in the industry's investment during the industrial licensing regime depended primarily on market share and the firm's ability to pre-empt the licensed capacities. In the post-liberalisation period, capacity creation was fostered by technology imports, expenditures on R&D and product differentiation. Keywords: Multinationals; Investment; Liberalisation; India (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:iburev:v:7:y:1998:i:5:p:535-548 Ordering information: This journal article can be ordered from Access Statistics for this article International Business Review is currently edited by P. Ghauri More articles in International Business Review from Elsevier |
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