Technological Innovations and Market Power: A Study of Indian Pharmaceutical Industry-Reference-Cited by-同舟云学术

Technological Innovations and Market Power: A Study of Indian Pharmaceutical Industry

Published:2020-10-13 Issue:1 Volume:12 Page:5-34
ISSN:0976-3996
Container-title:Millennial Asia
language:en
Short-container-title:Millennial Asia

Author:

Dhanora Madan¹,Sharma Ruchi²,Park Walter G.³

Affiliation:

1. Govt Mahaveer College, Petlawad, Jhabua, Madhya Pradesh, India.

2. School of Humanities and Social Sciences, Indian Institute of Technology Indore, Simrol, Indore, Madhya Pradesh, India.

3. American University, Washington DC, United States.

Abstract

Technological innovations are positively associated with firms’ market performance. This study aims to examine the impact of product and process innovation on the market power of 168 Indian pharmaceutical firms during 2000–2013. We generate product and process patent stock to capture firm-level innovation activities. Findings of this study suggest that both product and process innovation positively influence firms’ market power. Results also reveal that MNEs enjoy more market power in the Indian pharmaceutical industry. Further, this study also highlights that there is a differential impact of firms’ product group on market power. This study concludes that patenting is a positive source of firm performance in the Indian pharmaceutical industry.

Publisher

SAGE Publications

Subject

General Economics, Econometrics and Finance,Political Science and International Relations,Sociology and Political Science,Development,Cultural Studies

Link

http://journals.sagepub.com/doi/pdf/10.1177/0976399620944272

Reference104 articles.

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2. Impact of patenting on firms' performance: an empirical investigation based on manufacturing firms in India

3. Management Buyouts and Firm-Level Productivity: Evidence from a Panel of UK Manufacturing Firms

4. Economic Welfare and the Allocation of Resources for Invention

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