DOES INNOVATION OUTCOME INFLUENCE PERFORMANCE OF INDIAN MANUFACTURING FIRMS?

Authors

Badri Narayan Rath, Indian Institute of Technology Hyderabad, IndiaFollow
Poulomi Bhattacahrya, Tata Institute of Social Sciences, IndiaFollow

Document Type

Article

Abstract

This paper investigates the impact of innovation on the performance of selected manufacturing firms in India over the period 2008-2017. Specifically, we emphasize on the role of innovation outcomes in terms of number of patents on firms’ performance and consider total factor productivity growth, firms’ growth in terms of total gross sales, and profitability as indicators of firm performance. The results based on the panel Feasible Generalized Least Square estimator shows that the effect of innovation on firms’ performance is positive. Further, the impact of innovation on performance is higher for large firms compared to small firms.

Recommended Citation

Rath, Badri Narayan and Bhattacahrya, Poulomi (2022) "DOES INNOVATION OUTCOME INFLUENCE PERFORMANCE OF INDIAN MANUFACTURING FIRMS?," Bulletin of Monetary Economics and Banking: Vol. 25: No. 0, Article 7.
DOI: https://doi.org/10.21098/bemp.v25i0.1824
Available at: https://bulletin.bmeb-bi.org/bmeb/vol25/iss0/7

First Page

85

Last Page

102

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

India

Affiliation

Indian Institute of Technology Hyderabad