Innovation capabilities, market characteristics and export performance of EMNEs from India
ISSN: 0955-534X
Article publication date: 9 July 2020
Issue publication date: 21 October 2020
Abstract
Purpose
This study aims to investigate the moderating effect of market characteristics on the relationship between innovation capabilities and export performance of Indian pharmaceutical firms.
Design/methodology/approach
The authors test the hypotheses using generalized least square estimator with random effects, on a panel data set, for the period 2010–2016.
Findings
Analyses of the data show that innovation capabilities lead to superior export performance. R&D investment positively affects export performance of both developing and developed countries, whereas patent quality negatively affects the export performance of developed countries and has no significance in developing countries. Size of the firm has significant positive effect on its export performance.
Originality/value
This study explores the role of market characteristics in determining the relationship between innovation and export performance, which has mostly been ignored in extant literature, especially in the context of emerging market multinationals.
Keywords
Acknowledgements
The authors would like to extend their gratitude to the guest editor Dr Justin Paul for providing an opportunity to publish their work in European Business Review. Authors thank all the four anonymous reviewers for their constructive and critical feedback, which helped them improve the study tremendously. Authors also thank Prof. Sarthak Gaurav, Prof Prakriti Tayaliya and Gowtham M.T for their valuable inputs during the development of this study
Citation
Bhat, S. and Momaya, K.S. (2020), "Innovation capabilities, market characteristics and export performance of EMNEs from India", European Business Review, Vol. 32 No. 5, pp. 801-822. https://doi.org/10.1108/EBR-08-2019-0175
Publisher
:Emerald Publishing Limited
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