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Agricultural research and development in India and the cost of capital investment

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TitleInfo
Title
Agricultural research and development in India and the cost of capital investment
Name (type = personal)
NamePart (type = family)
Wang
NamePart (type = given)
Victor A.
NamePart (type = date)
1987-
DisplayForm
Victor Wang
Role
RoleTerm (authority = RULIB)
author
Name (type = personal)
NamePart (type = family)
Pray
NamePart (type = given)
Carl
DisplayForm
Carl Pray
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
chair
Name (type = personal)
NamePart (type = family)
Nagarajan
NamePart (type = given)
Latha
DisplayForm
Latha Nagarajan
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
internal member
Name (type = personal)
NamePart (type = family)
Jin
NamePart (type = given)
Yanhong
DisplayForm
Yanhong Jin
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
internal member
Name (type = corporate)
NamePart
Rutgers University
Role
RoleTerm (authority = RULIB)
degree grantor
Name (type = corporate)
NamePart
Graduate School - New Brunswick
Role
RoleTerm (authority = RULIB)
school
TypeOfResource
Text
Genre (authority = marcgt)
theses
OriginInfo
DateCreated (qualifier = exact)
2014
DateOther (qualifier = exact); (type = degree)
2014-01
Place
PlaceTerm (type = code)
xx
Language
LanguageTerm (authority = ISO639-2b); (type = code)
eng
Abstract (type = abstract)
The cost of research and development is a topic rarely explored for developing nations. The ability for a developing nation’s firms to acquire capital to invest in R&D is reflected by the government’s policies toward innovation, conditions affecting the acquisition of funds within the firm, conditions affecting the acquisition of funds outside the firm, and the availability of venture-capital financing and capital gains taxation. This thesis provides a compilation of some of the vast amount of economic literature on R&D, a unique framework surrounding the effect of cost on R&D, and an empirical test of the importance of the availability of capital as a determinant of R&D. The cost variables used include firm data on the annual borrowings, leverage, subsidies and grants, and interest rates. In addition, annual sales data, the age of the firm, and the Herfindahl-Hirschman Index (HHI) were used to include revenue-related aspects a firm faces that might affect R&D expenditure. Using an unbalanced Indian firm-level panel, the goal of this thesis is to analyze of the relationship between the cost of capital investment and R&D while also including revenue-related variables for the pesticide and fertilizer industries. The dataset used for this analysis comes from The Centre for Monitoring Indian Economy (CMIE) which includes 1989-90 until 2009-2010. In addition, it was supplemented with variables from IMF and survey data collected by Pray and Nagarajan (2013). The empirical analysis utilizes a Random Effects General Least Squares regression for two models with two variations with different dependent variables: R&D expenditure and R&D intensity. The results show that a firm’s level of debt and external financing are positively related to R&D to start, supporting the notion that a firm’s ability to acquire capital will affect its total R&D expenditure. However, debt is negatively related to R&D after a certain threshold is passed, supporting the concept of risk aversion among firms. In addition, the results supports previous literature which found that variables such as sales affect R&D positively. Finally, the results show that additional research is necessary to understand more fully the nature of cost in R&D investment.
Subject (authority = RUETD)
Topic
Food and Business Economics
Subject (authority = ETD-LCSH)
Topic
Agriculture--Research--India
Subject (authority = ETD-LCSH)
Topic
Agriculture--Costs
Subject (authority = ETD-LCSH)
Topic
Agriculture--Economic aspects--India
Subject (authority = ETD-LCSH)
Topic
Agriculture--Capital investments--India
RelatedItem (type = host)
TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier (type = RULIB)
ETD
RelatedItem (type = host)
TitleInfo
Title
Graduate School - New Brunswick Electronic Theses and Dissertations
Identifier (type = local)
rucore19991600001
Identifier
ETD_5272
Identifier (type = doi)
doi:10.7282/T3M906R4
PhysicalDescription
Form (authority = gmd)
electronic resource
InternetMediaType
application/pdf
InternetMediaType
text/xml
Extent
vii, 47 p. : ill.
Note (type = degree)
M.S.
Note (type = bibliography)
Includes bibliographical references
Note (type = statement of responsibility)
by Victor A. Wang
Location
PhysicalLocation (authority = marcorg); (displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Genre (authority = ExL-Esploro)
ETD graduate
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Rights

RightsDeclaration (ID = rulibRdec0006)
The author owns the copyright to this work.
RightsHolder (type = personal)
Name
FamilyName
Wang
GivenName
Victor
Role
Copyright Holder
RightsEvent
Type
Permission or license
DateTime (encoding = w3cdtf); (qualifier = exact); (point = start)
2014-01-02 12:53:50
AssociatedEntity
Name
Victor Wang
Role
Copyright holder
Affiliation
Rutgers University. Graduate School - New Brunswick
AssociatedObject
Type
License
Name
Author Agreement License
Detail
I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
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RULTechMD (ID = TECHNICAL1)
ContentModel
ETD
OperatingSystem (VERSION = 5.1)
windows xp
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