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This study examines the influence of foreign ownership on the performance of fmtis operating in India. Foreign ownership is categorized according to the control exercisable at different levels of ownership. These categories are, in turn, determined by the institutional structure of the Indian...
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This study examines whether the influence of foreign ownership helps domestic firms in an emerging market economy, India, globalize their operations. The extent of operations globalization is captured as exporting behavior, which is measured as the ratio of export sales to total sales. Foreign...
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It is the author's contention that state ownership influences firm performance, measured as return on assets and return on sales, only when property rights devolve fully to the state. They scrutinize data from 1,100 firms listed on the Bombay Stock Exchange. The authors show that state ownership...
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Delivery of public goods varies significantly across the Indian states. This article argues that differences in state government expenditures are largely the result of differences in their party systems. Using macroeconomic data from 1967 to 1997 as well as postelection voter surveys, we...
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What explains variation in electoral volatility? We argue that fiscal space - availability of financial resources to enact policy initiatives and provide public programs - possessed by governments can explain the level of electoral volatility. Where governments have fiscal space, citizens reward...
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