Pradeep Kanta Ray

Research Interests

• Learning and catch-up in latecomer firms
• Strategy and emerging market firms
• Institutional transition and emerging market firms
• National innovation systems
• Foreign direct investment in developing countries
• Disclosure governance

Book (Sole authored research book)

• Ray, Pradeep Kanta (2005) ‘Foreign direct investment and industrial organisation in India: the challenge of globalisation and development’, Routledge

Refereed Journal Papers

• Klarin A and PK Ray, 2019, 'Political connections and strategic choices of emerging market firms: Case study of Russia’s pharmaceutical industry', International Journal of Emerging Markets, http://dx.doi.org/10.1108/IJOEM-05-2016-0138
• Sharmelly R. and P.K.Ray 2018, The role of frugal innovation and collaborative ecosystems: The case of Hyundai in India, Journal of General Management, vol. 43, no. 4, pp. 157–174.
• Sharmelly R. and P.K. Ray, 2018, Influence of policies in capability evolution and industry structure: lessons from the Indian automotive industry and implications for other developing countries, World Review of Entrepreneurship, Management and Sustainable Development, 14 (1-2): 250-270.
• Ray, S., P.K Ray and V.Kumar (2017) Internationalisation of latecomer firms from emerging economies: the role of resultant and autonomous learning, Asia Pacific Journal of Management, 34: 851-873.
• Riaz Z, S Ray, P.K Ray (2015) Collibration as an alternative regulatory mechanism to govern the disclosure of director and executive remuneration in Australia, International Journal of Corporate Governance, 6(2):1-34
• Sharmelly R and P.K. Ray (2015) Organisational capabilities for mass market innovations in emerging economies, Journal of Comparative International Management, 18(1): 56-78
• Riaz Z, S Ray, P.K Ray and V Kumar (2015) ‘Disclosure practices of foreign and domestic corporations in Australia’, Journal of World Business, 50 (4): 781-792
• V Kathuria, P.K Ray & R. Bhangaonkar (2015) FDI (foreign direct investment) in wind energy sector in India: Testing the effectiveness of state policies using panel data, Energy Journal, 80: 190-202.
• Z. Riaz, P. K. Ray, S. Ray (2014) The synergistic effect of state regulation and self-regulation on disclosure level of director and executive remuneration in Australia, Administration and Society, 10.1177/0095399713516352
• Z. Riaz, P. K. Ray, S. Ray & J. Kirkbride (2013) ‘Collibration as an alternative regulatory approach for remuneration governance: A contextual analysis of Australia’, International Journal of Disclosure and Governance, 10(3): 240-260.
• J. W Liu & P.K. Ray (2012) ‘The ‘Triple-alliance’ perspective for new industry creation: Lessons from the flat panel industry in Taiwan, Journal of Asian Economics, 23: 585-599
• E. Franco, S. Ray, P.K Ray (2011), ‘Patterns of innovation practices of multinational-affiliates in emerging economies: evidence from Brazil and India’, World Development 39(7): 1249-1260.
• S.Ray and P.K. Ray (2011), ‘Product innovation for the people’s car in an emerging economy, Technovation 31: 216-227
• P. K. Ray and S. Ray (2010) 'Resource Constrained Innovation for emerging economies: the case of the Indian telecommunications industry,’ IEEE Transactions on Engineering Management, 57 (1), 144-156.
• P.K Ray and S. Venaik (2008) ‘Foreign ownership and subsidiary performance: Impact on research and exports?’ Economic and Political Weekly, 43(39):57-65
• P.K Ray and S. Rahman (2006)‘Transnational Corporations, Innovation, and Inter-Firm Linkages in Developing Countries’ Transnational Corporations 15(2): 71-98.
• P.K. Ray, M. Ida, C.S. Suh and Shams-ur Rahman (2004) 'Dynamic capabilities of Japanese and Korean enterprises and international competitiveness' Asia Pacific Business Review Vol 10 (No. 3/4): 485-496.
• P.K Ray and S. Venaik (2001) ‘Foreign firms and local linkages: A study of comparative behaviour of multinational-affiliates and local enterprises in India’, Economic and Political Weekly, 36(46 & 47): 4385-4391.
• P. K. Ray (2000) ‘Multinational enterprises as engines of development.’ Indian Journal of Industrial Relations, 36(2): 174-195.
• P.K Ray and S. Rahman (2000) ‘Public policy and the role of multinational and local enterprises in the Indian drugs and pharmaceuticals industry.’ Global Business Review, 1(2): 207-228
• Masahiro Ida, T. Ichikawa and P.K Ray (2000)‘Electronic money and the possibilities of declining national sovereignty.’ Information Science 15(3):15-29.

Chapters in Books

• P. K. Ray (2005) ‘Dynamic capabilities of Japanese and Korean enterprises’, in C. Rowley and Malcolm Warner (Editors) Globalization and Competitiveness, Routledge London, ISBN 0415360064 (with Masahiro Ida, C.S. Suh and Shams-ur Rahman).
• P. K. Ray and S. Venaik (2004) ‘Overseas Research and Development and Appropriation of Intellectual Property Rights in Transnational Corporations’, in South Asia in the Era of Globalization: Trade, Industrialization and Welfare, Mita Bhattacharya, Russell Smyth and Marika Vicziany (Editors) Nova Science, New York, ISBN: 1-59454-030-6 (with S. Venaik).
• P. K. Ray (2001). 'Center for Development of Telematics: Switching on the Telecom Revolution in India' in Sumantra Ghoshal, Gita Piramal and Sudeep Budhiraja (eds.) World Class in India: Companies in Transformation, New York, Penguin.
• P. K. Ray (2001). 'BPL Limited: Global Competition and Guerilla Warfare on Local Territory' in Sumantra Ghoshal, Gita Piramal and Sudeep Budhiraja (editors) World Class in India: Companies in Transformation, New York, Penguin.
• P. K. Ray (1999). ‘State intervention, welfare and multinational enterprises in India.’ In R. Ghosh, R. Gabbay and A. Siddiqui, editors, Governance Issues and Sustainable Development. New Delhi: Atlantic Publishers. ISBN 8171568211.

Conference Presentations Papers (double blind reviewed)

• P. K. Ray (2016) Catch up of latecomer firms from emerging economies: AIB 2016 Annual Meeting, New Orleans, USA July 1-3, 2016 (with S.Ray, and V.Kumar).
• P. K. Ray (2015) A Comparative Analysis of Disclosure Practices between Foreign Multinational Corporations and Australian Domestic Firms, AIB 2015 Annual Meeting, Bengaluru, India, June 27-30, 2015 (with Z. Riaz).
• P. K. Ray (2015) Internationalization Experience and the Evolution of Dynamic Capability in the Indian IT Firms, AIB 2015 Annual Meeting, Bengaluru, India, June 27-30, 2015 (with P. Mukherjee, S. Ray and Z. Riaz)
• P. K. Ray (2014) Institutional change and innovativeness of emerging market firms: Case of Russia, European International Business Academy (EIBA) Annual Meeting, Uppsala, Sweden, 11-13 December 2014 (with A Klarin)
• P. K. Ray (2014) Evolution of Dynamic Capability in Emerging Market Firms: Learning from Internationalisation Experience of Indian IT Firms European International Business Academy (EIBA) Annual Meeting, Uppsala, Sweden, 11-13 December 2014 (with P Mukherjee & S Ray)
• P. K. Ray (2013) Innovation for Base of the Pyramid: A Study from the Perspective of Required Firm Capabilities, AIB 2013 Annual Meeting, Istanbul Turkey, July 3-6, 2013 (with S. Ray).
• P. K. Ray (2013) The Disclosure Practices of Foreign Corporations in Australia: An Empirical Investigation AIB 2013 Annual Meeting, Istanbul Turkey, July 3-6, 2013 (with Z Riaz, S. Ray and V Kumar).
• P. K. Ray (2011) Technological Catch Up in Emerging Economies: Applying the Flying Geese Framework in Korea, AIB 2011 Annual Meeting, Nagoya, Japan, June 25-28, 2011 (with S Ray).
• P. K. Ray (2011) Disruptive innovations for mass markets in an emerging economy. Indian Academy of Management Conference, IIM, Bangalore, 18-20 Dec 2011 (with S Ray).
• P. K. Ray (2010) Managing knowledge in emerging markets: a study about innovation practices of multinational subsidiaries in Brazil and India. AIB 2010 annual meeting, Rio de Janeiro, Brazil, June 26-29, 2010 (E. Franco, and S. Ray).
• P. K. Ray (2010) Managing the challenge of innovation for the base of the pyramid in emerging economies: a lesson for MNEs. AIB 2010 annual meeting, Rio de Janeiro, Brazil, June 26-29, 2010 (with S Ray).
• P. K. Ray (2010) A Case in Managing the Challenge of Innovation for the Base of the Pyramid in Emerging Economies. ANZIBA conference, Sydney, April 15-17, 2010 (with S. Ray).
• P. K. Ray (2009) ‘The impact of foreign firms’ knowledge creation on host countries: the case of India’, in Reshaping the Boundaries of the Firm in an Era of Global Interdependence, European International Business Academy 35th Annual Conference, Valencia, Spain, 13-15 December (with S. Venaik)
• P. K. Ray (2008) ‘Innovation for Emerging economies: lessons from a local enterprise’, in Globalisation, Innovation and Leadership’ Academy of International Business South East Asian Regional Conference (AIBSEAR), Kuala Lumpur 4-6 December, 2008 (with S. Ray).
• P. K. Ray (2008) “Innovation Practices of Multinational Affiliates in Brazil and India”, Confronting the Challenge of Technology for Development: Experience from the BRICs, Oxford University, Oxford, 29-30 May 2008 (with Eliane Franco, and Sangeeta Ray)
• P. K. Ray (2008) ‘Patterns of multinationals’ technological strategies in emerging economies: evidences from Brazil and India’, in Academy of International Business Annual Meeting, Milan, June 30-July 3, 2008 (with E Franco and S. Ray).
• P. K. Ray (2008) “Innovation Practices of Multinational Affiliates in Brazil and India”, Confronting the Challenge of Technology for Development: Experience from the BRICs, Oxford University, Oxford, 29-30 May 2008 (with E. Franco, and S Ray).
• P. K. Ray (2007), A Comparative analysis of innovation strategies of domestic firms and MNE-affiliates: Indian Pharmaceuticals Industry Australia New Zealand International Business Academy (ANZIBA) Annual Conference, Newcastle, November 6-7, 2007 (with S Ray and S Gray).
• P. K. Ray (2007), ‘Innovation practices in multinational’s affiliates: a comparative analysis between India and Brazil’, ‘40 years of IB at Reading: Looking to the future’, 1st International Business Conference, Centre for International Business and Strategy (CIBS), University of Reading, Reading, UK, April 16-17, 2007 (with E Franco and S. Ray).
• P. K. Ray (2007) Technology accumulation in the flying geese trajectory - The case of South Korea, in “Taking up the new challenges of global business” Editors T.S. Chan, Geng Cui and Lianxi Zhou, AIB (Southeast Asia Regional Conference, Hangzhou, China, December 6-8, 2007 (with C Suh, M Ida and J Qiu).
• P. K. Ray (2007), Strategic vs. operational: foreign R&D in China and recent government policy trends in “Taking up the new challenges of global business” Editors T.S. Chan, Geng Cui and Lianxi Zhou, AIB (Southeast Asia Regional Conference, Hangzhou, China, December 6-8, 2007 (with J Qiu).
• P. K. Ray (2006), ‘Resource Constrained Innovation for Developing Countries: the Case of the Indian Telecommunications Industry’, Australia New Zealand International Business Academy (ANZIBA) Annual Conference, Wellington, New Zealand, November (with S. Ray).
• P. K. Ray (2006) ‘An Analysis of the International Music Industry: Problems and Prospects’, Australia New Zealand International Business Academy (ANZIBA) Annual Conference, Wellington, New Zealand, November (with B Hazari).
• P. K. Ray (2006) ‘Emerging nations’ globalised enterprises – an unconventional model of rapid globalisation’ Australia New Zealand International Business Academy (ANZIBA) Annual Conference, Wellington, New Zealand, November (with P. Mukherjee).
• P. K. Ray (2005) ‘The contribution of transnational corporations to a host nation’s knowledge economy’, Australia New Zealand International Business Academy Annual Conference, Melbourne, November 5-8 (with S. Venaik).
• P. K. Ray (2004) ‘The use of third party logistics services by large Australian manufacturers: current status and trends’ 27th Australasian Transport Research Forum, Adelaide, 29 September – 1 October 2004 (with S. Rahman).
• P. K. Ray (2004). ‘Developing indigenous capabilities: reverse engineering and policy intervention in the Indian pharmaceutical industry’ Australia New Zealand International Business Academy Annual Conference, Canberra, November 5-8.
• P. K. Ray (2004) ‘Hierarchies and consumer illfare: governance issues in recorded music industry’, European International Business Academy, 30th Annual Conference, Ljubljana, Slovenia, December 5-8 (with S. Venaik).
• P. K. Ray (2003) ‘Virtual transnational corporations: Redefining the Economic Geography of International Partnership’ in Multinational Enterprises as Knowing Organisations, European International Business Academy, 29th Annual Conference, Copenhagen, December, 2003 (with S. Venaik).
• P. K. Ray (2003) ‘Dynamic capabilities and competitive advantage in the Asia Pacific: Convergence and Contrasts in Japanese, Korean and Indian Enterprises’, presented at the Australia New Zealand International Business Academy Annual Conference, Dunedin, New Zealand, November 7-8, 2003 (with M Ida).
• P. K. Ray (2002) ‘Overseas Research and Development and Appropriation of Intellectual Property Rights in Transnational Corporations’. In T.S. Chan and Geng Cui (editors), WTO and Global Competition: A New Era for International Business, 2002 AIB South East Asia and Australia, July 18-20, 2002 Shanghai, China (with Sunil Venaik).
• P. K. Ray (2002) ‘Industrial Strategy and Regional Development of the Global Electronics Industry in Asia: evidence from Japan, Korea and India’ In T.S. Chan and Geng Cui (editors), WTO and Global Competition: A New Era for International Business, 2002 AIB South East Asia and Australia, July 18-20, 2002 Shanghai, China (with C.S. Suh and Masahiro Ida).
• P. K. Ray (2001). 'The impact of state regulation on corporate governance and performance in India: future prospects for multinational and local enterprises.' In David Birch and Jonathan Batten (editors) Governance and Corporate Social Responsibility in the New Millennium, Governance and Corporate Social Responsibility, Deakin University, Melbourne, Australia: 232-243.
• P. K. Ray (2001).‘Multinational and local enterprises as engines of progress in the Indian electronics industry’ in ‘Business Alliances for Knowledge and Development: Inter-firm, Inter-sectoral and Cross-cultural challenges in the Asia Pacific, Academy of International Business, South-East Asian Region (AIBSEAR), Jakarta, Indonesia: 1-19.
• P. K. Ray (2000) ‘Foreign dependence and the propensity for inter-firm linkages in multinational and local enterprises.’ In The Role of Multinational Enterprises in the New Millennium. Academy of International Business, South East Asian Region, Auckland, New Zealand: 309-322 (with Sunil Venaik).
• P. K. Ray (2000). An Analysis of Adaptation, Conduct and Performance of Transnational corporations in India’. AIB-India, 2003, Mumbai, India (with Sunil Venaik).
• (2007), ‘A comparative analysis of innovation strategies of domestic firms and MNE-affiliates: the case of Indian pharmaceuticals industry‘, Proceedings of the 49 Annual Meeting, Academy of International Business, June 23-28, 2007 (with S Ray and S Rahman).
• (2005) ‘Knowledge creation in MNC subsidiaries and benefit sharing the host countries’ in Proceedings of the Academy of International Business 2005 Annual Meeting, Quebec City, Canada (with Sunil Venaik).
• (2000) ‘Discriminating industry contexts and the mode of rivalry of multinational and local enterprises in India” in In Search for International Business Research: Impact on Management and Public Policy, Proceedings of the Academy of International Business 2000 Annual Meeting (Phoenix, Arizona, USA, 17-20 November 2000) p. 95 (with S. Rahman).
• (2000). “Multinational and local enterprises in the Indian telecommunications industry: an analysis of state intervention and comparative behaviour” in In Search for International Business Research: Impact on Management and Public Policy, Proceedings of the Academy of International Business 2000 Annual Meeting (Phoenix, Arizona, USA, 17-20 November 2000) p. 29.
• (1999). ‘Efficiency versus equity: theoretical perspectives on strategic management of the multinational enterprise.’ In Preparing for 2000: Opportunities and Challenges for International Business in the Asia-Pacific Region. Paper presented at the Academy of International Business, South East Asian Region, Melbourne, Australia: 309-322.
• (1998) ‘Hierarchy of decision-making and conduct of multinational and local enterprises in India under economic liberalisation.’ Academy of International Business, Doctoral Consortium, Vienna, Austria.

Editorial and Reviewer Activities

Reviewer Activities

• World Development (A)
• Research Policy (A*)
• Asia Pacific Journal of Management (A)
• Journal of International Management (A)
• Technovation (A)
• IEEE Transactions on Engineering Management
• International Journal of Production Economics (A*)
• Australian Journal of Management (A)
• Management International Review (A)
• Long Range Planning (A)