This study examines whether the influence of foreign ownership helps domestic firms in an emerging market economy, India, globalize their operations. The extent of operations globalization is captured as exporting behavior, which is measured as the ratio of export sales to total sales. Foreign...

We examine whether knowledge spillovers from MNCs' local R&D activities benefit domestic firms in the Indian pharmaceutical industry from 1980-1994. In a policy environment that restricted FDI and provided weak intellectual property protection, we find that the only significant R&D spillovers in...

This article evaluates whether the changing presence of foreign firms in India's corporate sector has had an impact on the long-run economic performance of India's industrial sector. The patterns of corporate demography, including the role of foreign firms, in India over the last five decades,...