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Location Determinants of Indian Multinationals: A Multilevel Analysis

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  • Munmi Saikia

Abstract

The study investigates a simultaneous act of country-level determinants and firm-level heterogeneity on location distribution of the new wave of outward foreign direct investment (OFDI) from India. Indian firms are nested within host countries. Therefore, the current study employs mixed multilevel linear regression model to analyse multilevel and longitudinal data. Using firm-to-destination data, the study finds that location distribution of Indian multinationals is simultaneously driven by firm-level heterogeneity and country-level determinants. The study shows that location determinants of the recent wave of OFDI of Indian firms are significantly different from the past wave.

Suggested Citation

  • Munmi Saikia, 2020. "Location Determinants of Indian Multinationals: A Multilevel Analysis," Global Business Review, International Management Institute, vol. 21(5), pages 1200-1217, October.
    • Handle: RePEc:sae:globus:v:21:y:2020:i:5:p:1200-1217
    DOI: 10.1177/0972150919857014
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    References listed on IDEAS

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