Corporate governance and ownership structure and new technology acquisition: empirical evidence of Indian manufacturing firms

Author： Jiang Guohua III Robert D. Hamilton

Publisher： Inderscience Publishers

ISSN： 1740-2832

Source： International Journal of Technology Intelligence and Planning, Vol.6, Iss.4, 2010-01, pp. : 326-339

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Abstract

In this study, we study the role of corporate governance and ownership structure on a firm's capability of acquiring new technology. More specifically, we examine how foreign ownership, large shareholder, general manager duality and general manager's working experience influence a firm's capability to acquire and develop new technology. Using data from 807 Indian firms, we found that general manager duality is positively related to a firm's likelihood of technology acquisition; however, a general manager's experience hinders a firm from acquiring new technology. This study suggests that top management motivation plays a critical role in increasing a firm's competitive advantage.