DOES INNOVATION OUTCOMES INFLUENCE PERFORMANCE OF INDIAN MANUFACTURING FIRMS?

Badri Rath and Poulomi Bhattacahrya ()
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Poulomi Bhattacahrya: Tata Institute of Social Sciences
Authors registered in the RePEc Author Service: Miguel Angel Padilla Esquivias and Mohammad Zeqi Yasin

Bulletin of Monetary Economics and Banking, 2022, vol. 25, issue Special Issue, 85-102

Abstract: This paper investigates the impact of innovation on the performance of selected manufacturing firms in India over the period 2008-2017. Specifically, we emphasize on the role of innovation outcomes in terms of number of patents on firms’ performance and consider total factor productivity growth, firms’ growth in terms of total gross sales, and profitability as indicators of firm performance. The results based on the panel Feasible Generalized Least Square estimator shows that the effect of innovation on firms’ performance is positive. Further, the impact of innovation on performance is higher for large firms compared to small firms.

Keywords: Total factor productivity; Patent; R&D intensity; Panel FGLS; Manufacturing firms (search for similar items in EconPapers)
JEL-codes: C33 L60 O31 O47 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:25:y:2022:i:spg:p:85-102

DOI: 10.21098/bemp.v25i0.1824

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