Foreign Direct Investment and Export Performance of Pharmaceutical Firms in India: An Empirical Approach

Sudershan Kuntluru, Venkata Reddy Muppani, Mohammad Akbar Ali Khan

Abstract


This paper presents an empirical analysis of how foreign direct investment impact on the export performance of pharmaceutical firms in India. The hypothesis is examined using panel data analysis. The results show that foreign ownership has a negative impact on export performance. Unlike other industries, it is observed that in pharmaceutical industry foreign owned firms export less and focus more on domestic demand and host country specific advantages. Our findings provide rich source of information to policy makers, researchers and the management of both foreign and domestic owned firms.

Full Text: PDF DOI: 10.5539/ijef.v4n5p216

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.