This paper examines the relationship between the levels of debt in the capital structure and performance for a sample of Indian firms. Existing theory posits a positive relationship; however, analysis of the data reveals the relationship for Indian firms to be significantly negative. The...

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 paper evaluates performance differences between government-owned, mixed sector, and private sector enterprises in India for the period 1973-74 to 1988-89. The results establish that enterprises owned by the central government and state governments are less efficient than mixed or private...

This study examines the influence of foreign ownership on the performance of firms operating in India. Foreign ownership is categorized according to the control exercisable at different levels of ownership. These categories are, in turn, determined by the institutional structure of the Indian...

Based on firm-level data for local operating companies in the US telecommunications industry, this paper explores how human capital of higher quality enhances the firms' abilities to enjoy increasing returns and enables them to increase the scale of various activities. Specifically, the ability...

This study evaluates the effect of incentive regulation on the productivity of U.S. local exchange carriers between 1988 and 1993. Introducing pure price-cap schemes has a strong and positive, but lagged, effect on technical efficiency. Where price-cap schemes operate in conjunction with an...