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

Authors: Guohua Jiang, Robert D. Hamilton III

Addresses: Strategic Management Department, Fox School of Business, Temple University, 1801 Liacouras Walk, Philadelphia, PA 19122, USA. ' Strategic Management Department, Fox School of Business, Temple University, Alter Hall Room 550, 1801 Liacouras Walk, Philadelphia, PA 19122, USA

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.

Keywords: corporate governance; ownership structures; technology acquisition; competitive advantage; new technology; India; manufacturing industry; foreign ownership; shareholders; general managers; duality; work experience; technological development; top management; motivation; technology intelligence; technology planning.

DOI: 10.1504/IJTIP.2010.038228

International Journal of Technology Intelligence and Planning, 2010 Vol.6 No.4, pp.326 - 339

Published online: 24 Jan 2011 *

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