Identification of star firms and decoding investment in intangibles: Evidence from the INDIAN manufacturing industry
By: Behera, Jitamitra and Sharma, Ruchi
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Material type: 
BookPublisher: Economic & Political Weekly Description: 61(16), Apr 18, 2026: p.80-89.
In:
Economic & Political WeeklySummary: The star firms phenomenon, focusing on the changing structure of investment dynamism in Indian manufacturing industries, is explored. Analysing firm-level information from the Centre for Monitoring Indian Economy Prowess database for 2000 to 2023, this study investigates the emergence of star (superstar) firms and presents a comparative analysis highlighting intangible expenditure and intangible assets. We find that star firms are intangible-intensive relative to non-star peers and such investment in intangibles increases the likelihood of transforming a firm into a star. So, a regulatory framework is suggested that encourages investment in intangibles to leverage scale advantage and enhance performance. –Reproduced
https://www.epw.in/journal/indias-industrial-transformation/identification-star-firms-and-decoding-investment.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
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Indian Institute of Public Administration | 61(16), Apr 18, 2026: p.80-89 | Available | AR138773 |
The star firms phenomenon, focusing on the changing structure of investment dynamism in Indian manufacturing industries, is explored. Analysing firm-level information from the Centre for Monitoring Indian Economy Prowess database for 2000 to 2023, this study investigates the emergence of star (superstar) firms and presents a comparative analysis highlighting intangible expenditure and intangible assets. We find that star firms are intangible-intensive relative to non-star peers and such investment in intangibles increases the likelihood of transforming a firm into a star. So, a regulatory framework is suggested that encourages investment in intangibles to leverage scale advantage and enhance performance. –Reproduced
https://www.epw.in/journal/indias-industrial-transformation/identification-star-firms-and-decoding-investment.html
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