India’s Emerging Multinationals in Developed Region

Pradhan, Jaya Prakash

doi:10.2139/ssrn.1515667

Cited by 8 publications

(4 citation statements)

References 5 publications

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“…The same perception about EMs is also shared by a number of other studies (e.g. Huchet and Ruet, 2009;Pradhan, 2008) that argue EMs to have come of age to be global corporations by virtue of their large-scale acquisitions in developed countries. This is quite an opposite view than that which existed in the received literature about developing country multinationals as regional players (ESCAP/ UNCTC, 1985;Oman, 1986) without significant consequences for the global market.…”

Section: Introductionsupporting

confidence: 56%

On the globalness of emerging multinationals: a study of Indian MNEs

Aggarwal¹,

Pradhan²

2011

Economia E Politica Industriale

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Contrary to contentions in earlier literature that emerging multinationals are only regional players, the evidence on the globalness of Indian firms presented in this study suggests that a number of emerging multinationals are global firms. Their strategies target both the developed and the developing markets and the intensity of their overseas operations is comparable with or far greater than those of the world's leading multinationals. Many of these firms have greater sales or capital assets outside their home base. Indeed, many of them qualify as global firms as they have a significant presence (over 10% of sales) in each of the four regions (the triad and the non-triad developing regions) and no region alone accounts for more than 50% of their global sales. The study of the transformation of emerging multinationals into non-home region players provides considerable potential for better understanding management theories and practices.

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Section: Introductionsupporting

confidence: 56%

On the globalness of emerging multinationals: a study of Indian MNEs

Aggarwal¹,

Pradhan²

2011

Economia E Politica Industriale

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“…It is also obvious that manufacturing has been the dominant areas of operation for EIMs accounting for as much as 82 per cent of total Indian investment in 1961-79 (Table-3), as contrasts to the service driven Chinese overseas investment. Perhaps it is also interesting to note that early OFDI projects of EIMs in developed region were largely into service activities like trading, consultancy and construction and those in developing countries went mostly into manufacturing sector (Pradhan, 2008b;2008c). During this period the economic policies of both India and China were overtly inward looking with reluctant approach to international trade and inward foreign investment.…”

Section: Early Ofdi By Eims and Ecmsmentioning

confidence: 99%

Emerging Multinationals from India and China: Origin, Impetus and Growth

Pradhan

2009

SSRN Journal

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“…parent company excluding subsidiaries) will provide an incomplete picture of firms' overall performance. The listed 15 Indian parent companies in Table-9 Source: (i) Data on foreign assets and number of overseas subsidiaries is obtained from Pradhan (2008); (ii) 2009 data on sales and profit before tax were collected from individual company press releases; (iii) Boom period calculations are based on Prowess database; (iv) All the series were converted into US $ million before calculation.…”

Section: What Led To the Indian Fdi Downturn?mentioning

confidence: 99%