Title: Corporate governance and ownership structure and new technology acquisition: empirical evidence of Indian manufacturing firms
Author: Guohua Jiang, Robert D. Hamilton III
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.
Int. J. of Technology Intelligence and Planning, 2010 Vol.6, No.4, pp.326 - 339
Available online: 24 Jan 2011