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Varieties of capitalism and the internationalization of state-owned enterprises

Journal of international business studies, 2019-07, Vol.50 (5), p.669-691 [Peer Reviewed Journal]

2019 Academy of International Business ;Academy of International Business 2019 ;Copyright Palgrave Macmillan Jul 2019 ;ISSN: 0047-2506 ;EISSN: 1478-6990 ;DOI: 10.1057/s41267-018-00208-2

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  • Title:
    Varieties of capitalism and the internationalization of state-owned enterprises
  • Author: Mariotti, Sergio ; Marzano, Riccardo
  • Subjects: Business and Management ; Business Strategy/Leadership ; Capitalism ; Companies ; Globalization ; International Business ; Management ; Market economies ; Organization ; Ownership ; Policy making ; Public enterprise
  • Is Part Of: Journal of international business studies, 2019-07, Vol.50 (5), p.669-691
  • Description: This article sheds light on how the internationalization of state-owned enterprises is influenced by the state involvement in ownership and by the home country’s institutional settings. Integrating international business literature with the debate on the varieties of capitalism, we contend that state-dominated enterprises internationalize more (less) than privately owned enterprises in coordinated (liberal) market economies, whereas they exhibit an inconstant behavior in state-influenced market economies. Our analysis on a sample of enterprises pertaining to 20 OECD countries supports our hypotheses. This article adds to studies on the influence of institutions on firms’ internationalization and has implications for both managers and policymakers.
  • Publisher: London: Springer Science + Business Media
  • Language: English
  • Identifier: ISSN: 0047-2506
    EISSN: 1478-6990
    DOI: 10.1057/s41267-018-00208-2
  • Source: ProQuest Central
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