Empirical Analysis

2020 ◽  
pp. 195-199
Author(s):  
Murali Patibandla
Keyword(s):  
Panel Data ◽  
Transaction Costs ◽  
Vertical Integration ◽  
Transnational Corporations ◽  
Time Dimension ◽  
Firm Level ◽  
Reform Era ◽  
Long Time ◽  
High Degree ◽  
Trade And Investment

Econometric exercises were based on firm level panel data which covers a long-time dimension of the Post-reform era. Three industries were chosen Automobiles (AM), Auto-components (AC), and Two-wheelers (TW). These industries were chosen because of their high degree of exposure to Transnational corporations (TNCs). The results demonstrate that exports are explained positively by TE, firm size, and labour intensity, which implies that firms have become very competitive in the Post-reforms era and large firms started to play important role in exports. TE variable is explained positively by R&D, Imports, Technology purchases and vertical integration. This implies firms augmented their technological efforts in the Post-reform’s era. The result for Vertical integration variable implies India remains a high transaction costs economy. The estimated augmented production function in general shows exposure to international trade and investment results positive benefits to the Indian economy.

scholarly journals State Control, Marketization, And Firm Value: Evidence From China

2014 ◽  
Vol 30 (6) ◽  
pp. 1577 ◽  
Author(s):  
Kun Su ◽  
Rui Wan
Keyword(s):  
Panel Data ◽  
Firm Value ◽  
State Control ◽  
Negative Effects ◽  
Firm Level ◽  
Listed Firms ◽  
The Government ◽  
High Degree

<p>Using a firm-level panel data of Chinese listed firms, this paper examines the effects of state control on firm value and the different impacts that have under different degree of marketization deeply. The results show: compared with non-state controlled firms, state controlled firms are imposed by much policy burden and have more serious tunneling or expropriation behaviors. Therefore, firm values in state controlled firms are lower than in non-state controlled firms. For state controlled firms, the lower the government administrative ranks, the more serious the intervention or expropriation behaviors imposed by government, and thus the lower the firm value. Compared with low marketization regions, the negative effects of state control and low government administrative rank control on firm value is relatively smaller in regions with high degree of marketization.</p>

The Model

2020 ◽  
pp. 168-194
Author(s):  
Murali Patibandla
Keyword(s):  
Theoretical Model ◽  
Transnational Corporations ◽  
Brand Names ◽  
Strategic Interactions ◽  
Time Dimension ◽  
Reform Era ◽  
Organizational Behaviour ◽  
Intense Competition ◽  
Institutional Knowledge ◽  
Relative Disadvantage

The chapter extends the theoretical model of Chapter 3 by introducing time dimension into strategic interactions between firms in terms of the Pre-reforms and the Post-reforms eras. New entrants into industries are mostly Transnational corporations with advantages in intangible assets in technology and brand names. Incumbent firms were taken to Indian firms with relative disadvantage in technology but advantages in institutional knowledge of Indian markets. This triggers intense competition between the Indian firms and Transnational corporations. Incumbents replaced outdated technologies with imports and mastered codified and tacit elements of technologies. Transnationals made efforts at acquiring knowledge of India’s institutions and adopting their technologies to local firms. We traced this with discussion of technological and organizational behaviour in the Post-reform era.

International Trade and Investment Behaviour of Firms

2020 ◽  
Author(s):  
Murali Patibandla
Keyword(s):  
International Trade ◽  
Global Economy ◽  
Initial Conditions ◽  
Import Substitution ◽  
Global Market ◽  
Large Firms ◽  
Firm Level ◽  
Reform Era ◽  
Trade And Investment ◽  
Investment Behaviour

During last four decades the world has been significantly impacted by globalization and rapid technological changes. This in turn had major effects on the global economy. Several developing and socialist economies that earlier followed closed door and import substitution policies started to open their economies to world trade and investments. Some such countries, as India, managed to achieve a degree of economic prosperity over the last few years after opening their economy. The analyses in this book show that there are significant benefits from international trade and investment to emerging economies that possess critical-level initial conditions in technology, infrastructure, and ease of doing business, and have friendly policies. Focusing on Indian firms, the book spans the period from the pre-reform era to the post-reform era, when the market was responding to policy reforms and global market dynamics. It analyses firm-level behaviour with systematic theory and corresponding rigorous econometrics and qualitative information from field study across the country. In the Pre-reforms era, it was mostly small and medium scale firms that contributed to exports while most large firms were inward oriented in search of monopoly profits. This changed significant in the Post-reform era owing increased competitive conditions especially multinational firms. Large firms started to play important role in international trade and investment behaviour by acquiring world class technology and organizational practices.

scholarly journals PRODUCT DIFFERENTIATION STRATEGY AND VERTICAL INTEGRATION: AN APPLICATION TO THE DOC RIOJA WINE INDUSTRY

2016 ◽  
Vol 17 (5) ◽  
pp. 796-809
Author(s):  
Marta FERNÁNDEZ-OLMOS ◽  
Natalia DEJO-ORICAIN ◽  
Jorge ROSELL-MARTÍNEZ
Keyword(s):  
Transaction Costs ◽  
Product Differentiation ◽  
Vertical Integration ◽  
Representative Sample ◽  
Wine Industry ◽  
Firm Level ◽  
Differentiation Strategy ◽  
Proposed Model ◽  
Unforeseen Contingencies

This study evaluates the importance of product differentiation as a determinant of vertical integration in firms. The proposed model also controls for known determinants of integration, such as transaction costs and firm-level capabilities. By identifying transaction-, firm- and strategy-level determinants, we derive testable predictions about the vertical integration decision. To test these predictions we analyze the Rioja wine industry, using a representative sample of 187 firms. Our paper concludes that reaching judicious vertical integration decisions requires a thorough analysis of some very diverse aspects, especially those related to mitigating opportunism, dealing with unforeseen contingencies and product differentiation.

THE EFFECTS OF TAXATION ON INVESTMENT: NEW EVIDENCE FROM FIRM LEVEL PANEL DATA

1992 ◽  
Vol 45 (3) ◽  
pp. 243-251
Author(s):  
JASON G. CUMMINS ◽  
KEVIN A. HASSETT
Keyword(s):  
Panel Data ◽  
Firm Level ◽  
New Evidence

scholarly journals Panel data unit roots tests: The role of serial correlation and the time dimension

2007 ◽  
Vol 137 (1) ◽  
pp. 230-244 ◽  
Author(s):  
Stefan De Wachter ◽  
Richard D.F. Harris ◽  
Elias Tzavalis
Keyword(s):  
Panel Data ◽  
Serial Correlation ◽  
Unit Roots ◽  
Time Dimension

Productivity and Wage Effects of Firm‐Level Upstreamness: Evidence from Belgian Linked Panel Data

World Economy ◽  
2021 ◽  
Author(s):  
Benoît Mahy ◽  
François Rycx ◽  
Guillaume Vermeylen ◽  
Mélanie Volral
Keyword(s):  
Panel Data ◽  
Firm Level ◽  
Wage Effects

The rise of the land market in medieval south-west Finland

2018 ◽  
Vol 33 (2) ◽  
pp. 153-171
Author(s):  
Mika Kallioinen
Keyword(s):  
Vertical Integration ◽  
Social Groups ◽  
Land Market ◽  
Barriers To Entry ◽  
South West ◽  
The Family ◽  
High Degree

AbstractThis article aims to explain how the market for land functioned in medieval south-west Finland. The data show that in medieval times land was increasingly treated as something to be transferred in return for ready money, albeit within the limits set by the interests of the family. The land market was open to large segments of society, suggesting that barriers to entry were low. It was characterised by strong vertical integration, although asymmetric, as the majority of the transactions took place between participants from different social groups. The article will also consider the high degree of geographical integration in the land market.

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