Impact of different dimensions of globalisation on firms' performance: an unbalanced panel-data study of firms operating in India

Balraj Verma and Amit Srivastava

World Review of Entrepreneurship, Management and Sustainable Development, 2023, vol. 19, issue 3/4/5, 360-378

Abstract: The present study, based on three unbalanced panel data models, analyses the impact of the economic, political and social dimensions of globalisation on the performance of firms operating in India using ROA, ROCE and ROI as a proxy of firm's financial performance. To the best of authors' knowledge, this is the first study of its kind not only for India but also for the extensiveness of the sectors used. The study is based on the financial data from 2000 to 2017 of 912 companies ranging into 14 different sectors of the economy. The result showed the significant positive and significant negative effect of the economic and political dimensions of globalisation respectively on firms' performance. Yet positive but social dimension failed to establish a significant impact on firm performance. Out of the 14 selected sectors, only three sectors - Textiles, Communication and Transport Services, showed lower growth in comparison to other sectors.

Keywords: globalisation; panel data; differential intercept coefficients; firm performance; KOF Index; ROA; ROCE; ROI. (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=130618 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:wremsd:v:19:y:2023:i:3/4/5:p:360-378

Access Statistics for this article

More articles in World Review of Entrepreneurship, Management and Sustainable Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().