Determinants of Energy Intensity Trends in Indian Metallic Industry: A Firm-level Analysis

2021 ◽  
pp. 097226292110042
Author(s):  
Megha Jain ◽  
Simrit Kaur
Keyword(s):  
Energy Intensity ◽  
Capital Intensity ◽  
Manufacturing Firms ◽  
Firm Level ◽  
Multinomial Logistic Model ◽  
Specific Category ◽  
Industrial Energy ◽  
Per Se ◽  
Broad Policy ◽  
Level Analysis

Though the demand for industrial energy by manufacturing firms has witnessed substantial growth, not enough evidence exists regarding the energy intensity trends of such firms. Furthermore, empirical evidence on the determinants of energy intensity trends or even the energy intensity levels per se remains limited. Given this gap, the present article analyses the determinants of energy intensity trends (and also the energy intensity levels) of Indian manufacturing firms over the period 2007–2017. This study has been undertaken with special reference to the metallic industry. A sample of 41 firms is analysed by grouping them into 3 categories, namely firms with increasing energy intensity trends (IEITs), decreasing energy intensity trends (DEITs) and relatively constant energy intensity trends (CEITs) over the stated period. Multinomial logistic model (MLM) is employed to examine the determinants of energy intensity trends for the three categories. Our pertinent findings are as follows: firms with higher labour intensity and also older firms have a greater probability of belonging to the category of DEIT firms vis-à-vis the reference category of IEIT firms. Furthermore, size per se does not significantly impact the probability of a firm belonging to any specific category of energy intensity trend; nevertheless, evidence shows that large-sized firms, though old, have a greater probability of belonging to the DEIT category. Rather surprisingly, R&D intensity has been estimated to have a non-significant impact on the probability of belonging to the DEIT group of firms. However, although R&D-intensive firms have a higher profitability, their impacts remain both favourable and significant. Evidence also suggests that an increase in capital intensity and profitability lowers the probability of a firm to belong to the DEIT category. Additionally, a pooled (panel) econometric analysis has also been undertaken wherein the ‘level’ of energy intensity is considered as the dependent variable and not the ‘trend’ in energy intensity. Important findings also emerge from this analysis. Finally, we conclude from a broad policy perspective.

Determinants of Innovation in Selected Manufacturing Firms in India: Role of R&D and Exports

2018 ◽  
Vol 23 (1) ◽  
pp. 65-84 ◽  
Author(s):  
K. Seenaiah ◽  
Badri Narayan Rath
Keyword(s):  
Manufacturing Sector ◽  
Capital Intensity ◽  
Probit Model ◽  
Manufacturing Firms ◽  
Firm Age ◽  
Key Factors ◽  
Firm Level ◽  
Export Orientation ◽  
Innovation Activities

This article examines the determinants of innovation using selected manufacturing firms in India. Our study is based on 190 manufacturing firms which were surveyed from Bengaluru and Hyderabad cities in India. The results based on panel probit model reveal that exports and R&D expenditure positively and significantly affect the innovation in case of manufacturing sector. Other key factors such as import intensity, manager’s prior experience, and conducting training sessions to the employee at firm level do positively affect the innovation activities. However, firm age and capital intensity negatively affect innovation. The results suggest the policymakers to concentrate more on export orientation policies and investing in R&D through subsidising or creating more R&D incentive projects which would significantly boost innovations in India.

The Consequences of Accounting Failure for Innovation: A Multi-Level Analysis

2020 ◽  
Vol 34 (2) ◽  
pp. 109-124
Author(s):  
Megan F. Hess ◽  
Andrew M. Hess
Keyword(s):  
Firm Level ◽  
Psychological Response ◽  
Top Executives ◽  
Innovation Activities ◽  
Threat Rigidity ◽  
Multi Level ◽  
Multiple Levels ◽  
Financial Misconduct ◽  
Public Disclosures ◽  
Level Analysis

SYNOPSIS In this study, we investigate the relation between accounting failure and innovation at multiple levels in an organization by developing and testing a model for how top executives and functional managers might change their risk preferences and their innovation investments in response to public disclosures of financial misconduct. At the firm level, we find that accounting failures reduce subsequent investments in R&D, as predicted by a threat rigidity (“play it safe”) psychological response among top executives. At the project level, accounting failures have the opposite effect, resulting in an increase in the number of exploratory projects, as predicted by a failure trap (“swing for the fences”) psychological response among functional managers. Unpacking this relation at multiple levels of analysis helps us to understand the complex ways in which financial misconduct shapes a firm's innovation activities and appreciate the far-reaching consequences of accounting failure.

scholarly journals Firm Level Strategy, Organization Culture and Performance of Food and Beverage Manufacturing Firms in Kenya

2018 ◽  
Vol 13 (8) ◽  
pp. 224 ◽  
Author(s):  
Zachary B. Awino ◽  
Dominic C. Muteshi ◽  
Reginah K. Kitiabi ◽  
Ganesh P. Pokhariyal
Keyword(s):  
Policy Formulation ◽  
Manufacturing Firms ◽  
Organization Culture ◽  
Hierarchical Regression ◽  
Firm Level ◽  
Food And Beverage ◽  
Improved Performance ◽  
And Performance ◽  
The Impact ◽  
The Relationship

The study tested the impact of organization culture on the on the relationship between firm-level strategy and performance of food and beverage manufacturing firms in Kenya. The opinion of the CEO/MDs from 125 firms in this sector was sought by application of a structured questionnaire; the collected data was analysed using hierarchical regression analysis. The paper stated hypothesis that organizational culture has a significant effect on the relationship between firm-level strategy and performance. The results supported the hypothesis. Therefore, firm development of strong organization culture to support firm-level strategy for higher performance is paramount. These findings will contribute to government policy formulation for sector’s expansion and competitiveness and management drives in building a positive organization culture to support firm-level strategy for improved performance.

Servitization of Industry: New Evidence

2021 ◽  
Vol 65 (8) ◽  
pp. 22-30
Author(s):  
V. Kondrat’ev ◽  
G. Kedrova ◽  
V. Popov
Keyword(s):  
Economic Policy ◽  
Business Models ◽  
Manufacturing Firms ◽  
Policy Implications ◽  
New Economic Policy ◽  
Firm Level ◽  
Policy Regime ◽  
Goods And Services ◽  
New Business ◽  
Use Of Services

A significant increase in the use of services is observed for some industries in GVCs (Global Value Chains). The paper has shed light on important dimension of the servitization which is the sale and export of services by manufacturing firms, often bundled together with goods. Firm-level data confirm that many firms are involved both in the production of goods and services and that there are complementarities between these activities. Not only manufacturing firms are involved in the distribution, transport and logistics services needed for their international operations in GVCs but also, they provide installation, maintenance, repair services as well as a variety of other business support and complementary services that increase value for their customers. The servitization has important policy implications, particularly when taking into account the fact that trade in services is generally more restricted than trade in goods. As the lines between goods and services are blurred, economic policy today might be more challenging than in the past, particularly for companies moving to new business models that imply more interactions with customers and a more intensive use of digital technologies. Services themselves are split into different modes of supply for which there are different levels of economic policy. A closer look at the mechanisms of value creation in the case of services suggests that there are still the needs of new economic policy addressed at business models described as value networks or value shops. As technologies become more disruptive and more companies move to ‘servicified’ GVCs, the need for a more consistent international economic policy regime, particularly at the multilateral level, will become more urgent.

Sign in / Sign up

Export Citation Format

Share Document