Mergers, Acquisitions and Export Competitiveness: Experience of Indian Manufacturing Sector
Mishra Pulak, Jaiswal Neha
Keywords:
Mergers and acquisitions, export competitiveness, reforms, competition, India.
Abstract:
Abstract
In the context of economic reforms in general and subsequent wave of M&A in particular,
this paper attempts to examine the impact of M&A on the export competitiveness of firms in
the Indian manufacturing sector. By using a panel dataset of 33 industries from the period of
2000-01 to 2007-08, it is found that, the wave of M&A has enhanced the export competitiveness
of firms. The industries with larger number of M&A have greater penetration in the international
market. The other factors that have significantly contributed to export competitiveness
include the presence of MNCs and import of foreign technology. Export competiveness
is higher in the industries that have larger presence of MNCs and greater foreign technology
purchase intensity. On the other hand, industries with higher capital intensity or greater selling
efforts by firms have limited penetration in the international market. However, this paper did
not find any significant influence of market concentration, competition from imports, in-house
efforts, or profitability on export competitiveness of firms. Therefore, the findings from this
paper have important policy implications in relation to the regulation of M&A and entry of
MNCs as well as the import of capital goods.
Fulltext download:
 Mergers, Acquisitions and Export Competitiveness: Experience of Indian Manufacturing Sector [PDF file] [Filesize: 1016.84 KB]
 10.7441/joc.2012.01.01
Mishra, P., & Jaiswal, N. (2012). Mergers, Acquisitions and Export Competitiveness: Experience of Indian Manufacturing Sector. Journal of Competitiveness, 4 (1), 3-19. https://doi.org/10.7441/joc.2012.01.01
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