Dublin City University
Dublin City University
Anish Tiwari is a Marie-Skłodowska-Curie Research Fellow at Dublin City University. His research project seeks to explore the impact of acquisition of Indian high-tech startups by multinational enterprises, on the economy. More precisely, to assess if such acquisitions supplement further entrepreneurial activity and job creation in India.
Before commencing his PhD, he worked in Deloitte Ireland as an audit assistant in the consumer, technology and business department. Besides Deloitte, he has worked in EY and has been a part of two technology startups, in India. He is a V.V. Giri Global Excellence scholar and holds an MSc in International Business from UCD Michael Smurfit Graduate Business School, Ireland. He also holds a Bachelor’s in Commerce with honors from University of Delhi, India.
Cross-border Acquisition of High-tech Indian firms, and its Impact on Job Creation in the Indian Economy
Cross-border acquisitions often spark controversies. From the acquisition of British automaker, Jaguar Land Rover by Indian automaker TATA group to Walmart’s recent Acquisition of India’s largest online retailer Flipkart, social and economic consequences of such acquisitions have been widely discussed.
Some Researchers argue that cross-border acquisitions result in the transfer of intellectual property, repatriation of profits, closure of local business and job losses. While others argue that it results in entrepreneurial recycling, an inflow of managerial expertise and development of the regional entrepreneurial environment. However, most of these studies, generally speaking, have been based on the takeover of large listed U.S. companies. There is relatively little empirical evidence on the impact of private firms on job creation in the regional economy.
My study focuses on exploring this relationship by following some prominent cross-border acquisition cases in India. The acquisition of a majority stake in Flipkart by Walmart is one of them. As a part of my study, I will continue to track the development in this deal, to produce evidence which can substantiate its consequent implications, both positive and negative on the Indian economy.