Sumati Varma

University of Delhi | DU · Department of Commerce (Sri Aurobindo College Eve)

This paper attempts to analyse the drivers of the emerging Foreign Direct Investment (FDI) relationship between India and Africa. Using a fixed effect negative binomial model, it examines the determinants of FDI from India to 23 African countries from 2008 to 2016. The study finds that Indian FDI to Africa is a unique combination of both private se...

The book is a comprehensive solution for Asian business teaching and learning. It offers a highly productive mix of international business and marketing theory, and is packed with pedagogical tools to engage and develop understanding, including two full-length corporate case studies per chapter. This is a unique volume covering the most relevant to...

Abstract Purpose – The purpose of the paper is to examine the role of institutional distance as a determinant of outward foreign direct investment (OFDI) from India. The study combines a nuanced view of institutional distance, with traditional location factors to analyze Indian OFDI flows to developed and emerging economies (EEs) during the period...

This paper adopts and extends the theoretical lens of institutional imprinting to international business research. It analyses a secondary data set on Indian and Chinese foreign direct investment (FDI) flows to Africa, compiled for the period ranging from 2008 to 2018, to highlight the distinctiveness of Indian FDI. It argues that Indian FDI stream...

In this paper, using institutional and organizational learning theories, we argue that institutional fragility within India impacts the internationalization of Indian firms such that firms from more fragile regions are likely to have lower internationalization levels. We also suggest that this effect is moderated by inward (industry-level) foreign...

This paper examines the role of the diaspora as a driver of technology start-ups in the Indian context. It identifies diaspora links as sources of knowledge, learning and reputation driving domestic firms on the path of accelerated internationalisation. It thus adds to the growing literature in this area, as it develops an eclectic framework using...

Mergers & Acquisitions (M&As) are an important feature of both domestic investment and global FDI. Post-liberalization, India has been an important contributor to both domestic and global M&As, led by the IT sector. This study attempts to investigate the impact of M&As on employment for Indian Information Technology (IT) firms for the period 2007–2...

Regional Trading Agreements (RTAs) are a manifestation of increasing regional economic integration in the global economy. This paper examines the trade creation and trade diversion effects of two regional Asian agreements - ‘AsiaPacific Trade Agreement’ (APTA) and ‘India-Singapore Comprehensive Economic Cooperation Agreement’ (ISCECA) from the view...

The book is an introduction to the dynamic field of international business and aims to give students a comprehensive coverage of all aspects of the subject by linking concepts, theories, and frameworks with real-life cases and examples. The book also incorporates latest developments like BREXIT and the fluctuations in the BOLIVAR to introduce compl...

This study examines changing identity of a modern Indian city and entrepreneurial response to make it a more inclusive space. In a globalized world as the city becomes an excluding space, the third sector supplements the effort of the state. This paper chronicles the efforts of Gurgaon’s Community Radio as a social entrepreneurial initiative to cre...

This paper attempts to analyse the emerging FDI relationship between India and Africa as an instance of emerging market South South FDI. Using an augmented gravity framework, it examines the motives driving FDI from India to 23 African countries from 2008 – 13. It uses a ZINB model of analysis and finds that Indian FDI to Africa exhibits typical as...

The present study examines the drivers of cross border mergers and acquisitions (CBMA) from the Indian information technology sector for the period 2000-2011. It uses a multi-theoretic analysis rooted in the resource-based view and network theory to examine 354 deals from 74 firms. Empirical estimation using a Poisson panel regression model found t...

The present study focuses on the occurrence and resolution of conflicts in a Global Virtual Students team (GVST) project. X – Culture is a global cross culture collaborative project based on the constructivist experiential learning approach. This paper discusses the issues in online simulation, which is like a live project where students get first...

This paper examines the role of the diaspora as a driver of international entrepreneurship in the home country context, from the perspective of the Indian IT industry. It identifies diaspora links as sources of knowledge, learning and reputation, that drives domestic firms on the path of accelerated internationalisation. It uses inductive methodolo...

A defining feature of the current global business environment has been a strong wave of regional economic integration, visible through the increasing number of RTAs (regional trading agreements) in different parts of the world. Economic integration in the South Asian region has been characterized by multilateral trade liberalization, alongside regi...

Precocity is a temporal dimension of early international orientation. This article analyzes the factors that influence precocity in the context of technology-intensive firms from India. It uses a logistic regression model to examine entrepreneurial, network, and location-specific factors and finds that firms led by young entrepreneurs with foreign...

The current global business environment has undergone a significant change in the last few decades driven by changes in the patterns of trade and investment flows. This has been accompanied by a strong wave of regional economic integration in the world economy, visible through the increasing number of Regional Trading Agreements in different parts...

This paper addresses the issue of motives as locational determinants of FDI flows from India to the Latin American region (LAC). India and the Latin America and Caribbean (LAC) have emerged as important centres of global FDI but have traditionally had insignificant FDI flows between them. This paper is a pioneering study examining motives of the ne...

This paper analyses the factors influencing precocity of early internationalizing technology intensive firms from India. Precocity is a temporal dimension of early international orientation. This study examines the drivers of precocity for a sample of 74 firms from the Indian IT industry, which is among the most internationalised sectors of the eco...

Doing business in developing countries involves negotiating a complex business environment, a plethora of institutional pressures and transitional issues and challenges as a result of the emergence of diverse MNEs in different sectors. Doing business in these markets is a challenge for the international community as western management practices and...

This study examines the role of national and organizational culture in alliance management in the context of three prominent joint ventures between India and Japan, which reached diverse alliance outcomes. It uses the case study method as a tool for an initial rich exploratory analysis (Yin 2013) of alliance management capabilities that may later b...

India and the Latin America and Caribbean (LAC) region have emerged as major growth drivers of the world economy in the last couple of decades. Trade and investment relations between these regions have traditionally been rather insignificant but have picked up in recent years. Since 2000, Indian companies have invested about $12 billion in the LAC...

Contemporary international business research has demonstrated that Indian firms’ have used mergers and acquisitions (M&As) as an important internationalization strategy in response to market-seeking and strategic asset–seeking motivations. For emerging market multinationals, which grew up in a protected home market with few incentives and thus expe...

The book has been designed as per the curriculum guidelines for Delhi University. It follows a clearly formulated methodological structure to introduce the student to the subject. It follows a comprehensive, logical, graded approach based on the concept, environment, structure and strategy of International Business. It looks at the widest possible...

PART I. FOUNDATIONS 1. Introducing Money and the Financial System 2. Money and the Payments System 3. Interest Rates and Rates of Return 4. Determining Interest Rates PART II. FINANCIAL MARKETS 5. The Risk Structure and Term Structure of Interest Rates 6. The Stock Market, Information, and Financial Market Efficiency 7. Derivatives and Derivative M...

The last couple of decades have seen the rise of Multinational Enterprises (MNEs) from emerging economies such as India, China and Brazil as important players in the global economy. Trade and investment relations between India and the Latin America and the Caribbean (LAC) region however, have traditionally been rather insignificant but have been in...

This paper examines the role of the diaspora as a driver of international entrepreneurship in the context of the Indian IT industry. As an initial exploratory analysis of an emerging phenomenon, it uses the case study method to identify the entrepreneur’s diaspora links as a source of knowledge, learning and reputation driving the born global firm...

The Born Global firm is a manifestation of the phenomenon of accelerated internationalisation, and is increasingly active in the international economy changing the dynamics of international competition and challenging the traditional stage model of internationalization. This paper examines the characteristic features of the Born Global firm, and fa...

The emergence of MNEs from countries such as India characterised by unique institutional and resource environments as important players in the global economy has been a distinctive development in the global economy. In this context, this paper profiles the role of the international entrepreneurial capability as a key driver of born global firms fro...

the present study aims to explore the strategic intent and drivers of overseas acquisitions of the Indian IT sector from 2000 till the present. Using content analysis, it examines the acquisition experience in the asset seeking versus asset exploiting framework, and uses an eclectic theoretical framework rooted in network theory, institutional anal...

Purpose The purpose of this paper is to examine the phenomenon of the born global firm (BGF) in the Indian context. Specifically, the paper explores firm‐level characteristics (from the Indian IT industry) which act as initiating forces for firms which have made cross‐border acquisitions within five years of incorporation. Design/methodology/appro...

This study focuses on the role of networks in the accelerated internationalisation of firms from the Indian IT industry. The emergence of MNEs from the emerging markets which are characterised by low resource munificence and continuous economic liberalisation, as important players in the global economy has been a distinctive development of this cen...

This paper examines the phenomenon of accelerated internationalization of firms from the Indian IT industry. It examines the emergence of the Born Global firm in the Indian context with a specific focus on firms which made an acquisition within five years of incorporation. It specifically addresses the issue of initiating factors which contribute t...

This paper investigates the link between financial liberalisation and growth for a cross – section of seventeen developing countries, including India, both theoretically and empirically. It also explores the different measures of capital account openness and the empirical evidence on the association between financial openness and growth. Theoretica...

This paper examines the motives underlying recent cross border M&A activity undertaken by Indian IT firms during 2000-2006. It hypothesizes that overseas acquisition is the IT firm's response to a dynamic competitive landscape in which it simultaneously leveraged existing capabilities to capture new markets and acquired new capabilities through str...

This paper investigates the link between capital account liberalization and growth for a cross – section of seventeen developing countries, including India, both theoretically and empirically. It also explores the different measures of capital account openness and the empirical evidence on the association between financial openness and growth. Theo...

The defining characteristic of the modern global city today is its excluding character. The city today consists to a large extent of poor people who have been excluded in the process of urban planning and whose right to be a part of the urban process has been largely ignored. Urban development that is geared to the needs of global capital displaces...

This paper examines the macro-economic impact of capital flows into India. The variables identified in the study have been drawn on the basis of the transmission mechanism – to see how capital flows are transmitted into the economic system. To examine the issue the paper uses simple regression and Granger’s Error Correction technique, which analyse...

Currency convertibility, as an aspect of a country's exchange rate policy, refers to the ease with which domestic currency can be traded for foreign currency, for a particular usage, and at a given exchange rate. Currency convertibility policy of a government has two aspects — current account convertibility and capital account convertibility. Cur...

This paper examines the phenomenon of accelerated internationalization of firms from the Indian IT industry. It we examine the emergence of the Born Global firm in the Indian context with a specific focus on firms which made an acquisition within five years of incorporation. It specifically addresses the issue of initiating factors which contribute...

Cross border mergers and acquisitions is the fastest means of making an international presence for a business firm. It is a mode of outward FDI which has so far been explained best in terms of Dunning’s OLI framework. The emergence of outbound FDI from the developing world however, has looked at alternate frameworks emphasizing outward orientation,...