Large scale corporations in India’s non-financial sector: Protagonists or Predators?
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The objective of the research study is to test the hypothesis that the dominant position of the firms aids them to improve their financial performance at a higher rate as compared to the other residual firms in industry and overall average performance of the industry. The analysis is based on the sample of 392 NSE listed firms from 9 industries in the non-financial sector in India for 2006 to 2015. By using “Cluster analysis tool” these firms have been bifurcated into dominant and non-dominant firms for each sector. Panel data methodology has been used to test the hypothesis.
- GIPE Working Papers