DOES INNOVATION OUTCOME INFLUENCE PERFORMANCE OF INDIAN MANUFACTURING FIRMS?

Bhattacahrya, Poulomi and Rath, Badri Narayan (2022) DOES INNOVATION OUTCOME INFLUENCE PERFORMANCE OF INDIAN MANUFACTURING FIRMS? In: Bulletin of Monetary Economics and Banking.

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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. © 2022 by the authors.

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IITH Creators:

IITH Creators	ORCiD
Rath, Badri Narayan	http://orcid.org/0000-0001-7211-0952

Item Type:

Conference or Workshop Item (Paper)

Additional Information:

Acknowledgements: An earlier version of this paper was presented at the 15th BMEB International Conference organized by Bank Indonesia in association with the Asia-Pacific Applied Economics Association. The authors express sincere thanks to Dr. Mohsin Ali (Taylor’s University, Malaysia) for his valuable comments and suggestions, which substantially improved the quality of this paper. This manuscript is a part of the authors’ ongoing project entitled ‘Patterns of Innovation, Technological Competition and Firm Performance in case of Indian Manufacturing Sector’ sponsored by the ICSSR, Ministry of Education, Government of India. The authors acknowledge the financial support provided by the ICSSR. The authors also gratefully acknowledge the assistance provided by Research Associates, Mr. Souryabrata and Mr. Lakshmana Padhan. The usual disclaimer applies.

Uncontrolled Keywords:

Manufacturing firms; Panel FGLS; Patent; R&D intensity; Total factor productivity

Subjects:

Social sciences > Political Science & Economics
Arts > Liberal arts

Divisions:

Department of Liberal Arts

Depositing User:

. LibTrainee 2021

Date Deposited:

21 Jul 2022 06:00

Last Modified:

21 Jul 2022 06:00