Multinationals in India: FDI and Complementation Strategy in a Developing Country

Contents......Page 6
List of Charts......Page 8
List of Figures......Page 9
List of Tables......Page 11
List of Abbreviations......Page 13
Preface......Page 16
Acknowledgements......Page 18
Introduction......Page 20
1 Debates in FDI Studies......Page 24
Determinants of the investing firm......Page 25
Host-country policies......Page 29
Impact of FDI on the host country......Page 32
Strategies and performance of foreign firms in the host country......Page 34
Summary and gaps in past research......Page 38
Areas for future research......Page 40
2 Evolution of FDI, 1900s–2000......Page 42
FDI in different periods......Page 43
Periodization of FDI in India, 1900s–2000......Page 57
Major trends in FDI......Page 58
Summing up......Page 64
3 Analytical Framework......Page 67
Research methodology......Page 70
Methodology in selecting cases......Page 71
Methodology for studying individual cases......Page 85
4 British American Tobacco, 1906–2004......Page 96
Nature and timing of investments......Page 97
Integration of business goals to host country's national goals......Page 108
Localization of ownership......Page 117
Performance indicators......Page 121
Summary: FDI strategy of BAT......Page 122
5 Unilever PLC, 1932–2004......Page 126
Nature and timing of investments......Page 127
Integration of business goals to host country's national goals......Page 142
Localization of ownership......Page 147
Performance indicators......Page 149
Summary: FDI strategy of Unilever......Page 150
Indian car industry before 1982......Page 154
MUL and SMC before 1982......Page 155
Nature and timings of investments......Page 159
Integrating business goals to host country's goals......Page 169
Localization of ownership......Page 170
Performance indicators......Page 172
Summary: FDI Strategy of SMC......Page 173
Hypotheses tested......Page 178
Type of statistical tests......Page 179
Comparison across companies......Page 187
Across industry analysis......Page 188
Summary......Page 200
8 Complementation – the Winning Strategy......Page 208
Holistic investment pattern......Page 209
Significance of complementation as a strategy......Page 211
Determinants of success......Page 212
Major learnings......Page 213
Windows for future research......Page 214
Notes......Page 216
Bibliography......Page 220
D......Page 229
I......Page 230
P......Page 231
W......Page 232
K......Page 233
Z......Page 234