Does Technological Innovation Compete or Complement Job Employment? Effect of Technological Innovation and Financial Performance

Kofi Mintah Oware () and Thathaiah Mallikarjunappa ()
Additional contact information
Kofi Mintah Oware: Mangalore University
Thathaiah Mallikarjunappa: Central University of Kerala

The Indian Journal of Labour Economics, 2021, vol. 64, issue 4, No 4, 899-922

Abstract: Abstract The study aimed to investigate whether software-based or engineering-based innovation from in-house, outsourced or multinational corporations is in competition or a complement to job employment. Using the Indian stock market as a testing ground, we used canonical correlation analysis and panel regression to analyse 80 sustainability-reporting firms. The study shows that technological innovation in engineering and software complements employment in the extractive and manufacturing industries. However, the study shows that technological innovation in engineering and software competes with employment in the service industries. The research also indicates that technological innovation (software-based and engineering-based) alone does not significantly affect job employment. However, an increased technological innovation in engineering combined with financial performance leads to a corresponding rise in the employment of manufacturing industries.

Keywords: Job employment; Technological innovation; Financial performance; Resource dependency theory; Industrial sector firms; Formalisation of the economy (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s41027-021-00340-y Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:ijlaec:v:64:y:2021:i:4:d:10.1007_s41027-021-00340-y

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/41027

DOI: 10.1007/s41027-021-00340-y

Access Statistics for this article

The Indian Journal of Labour Economics is currently edited by Alakh Sharma

More articles in The Indian Journal of Labour Economics from Springer, The Indian Society of Labour Economics (ISLE) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().