This article examines growth patterns of government companies in India, whether their presence has crowded out private entrepreneurial activity and whether there has been a decline in the competitiveness of India's industry, measured as relative productive efficiency, for a 45 year period from...

Research and development (R&D) capabilities generally enable firms to export more. Left underexplored is the question: Does the positive relationship between R&D and exports hold during institutional transitions, which are fundamental and comprehensive changes introduced to the rules of the...

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...