8期

最新文章

• Governments as owners: State-owned multinational companies AI翻译
  作者：Cuervo-Cazurra, Alvaro; Inkpen, Andrew; Musacchio, Aldo; Ramaswamy, Kannan
  作者单位：Northeastern University; Harvard University; Brandeis University; National Bureau of Economic Research
  摘要：The globalization of state-owned multinational companies (SOMNCs) has become an important phenomenon in international business (IB), yet it has received scant attention in the literature. We explain how the analysis of SOMNCs can help advance the literature by extending our understanding of state-owned firms (SOEs) and multinational companies (MNCs) in at least two ways. First, we cross-fertilize the IB and SOEs literatures in their analysis of foreign investment behavior and introduce two arg...
• Firms' FDI ownership: The influence of government ownership and legislative connections AI翻译
  作者：Pan, Yigang; Teng, Lefa; Supapol, Atipol Bhanich; Lu, Xiongwen; Huang, Dan; Wang, Zhennan
  作者单位：York University - Canada; University of Guelph; Fudan University; Shanghai Jiao Tong University
  摘要：The level of ownership in an overseas subsidiary has been an important issue in international business. Existing literature, based on transaction cost theory, predicts that firms prefer higher ownership for subsidiaries located in favorable foreign institutional environments. We propose two moderating factors to this prediction: governments as owners of firms and firms' legislative connections. We hypothesized that the level of subsidiary ownership was less affected by the heterogeneity of for...
• State-owned MNCs and host country expropriation risk: The role of home state soft power and economic gunboat diplomacy AI翻译
  作者：Duanmu, Jing-Lin
  作者单位：University of Surrey
  摘要：Expropriation risk has a binding effect on foreign direct investment (FDI). However, state-owned multinational corporations may counter the monopoly power of the host state by leveraging the political influence of their home government. The magnitude of this counter force, we argue, may vary, depending on the strength of political relations between the home and host state, and the level of economic dependence of the host country on the home market. We find supporting evidence of our hypotheses...
• Overcoming distrust: How state-owned enterprises adapt their foreign entries to institutional pressures abroad AI翻译
  作者：Meyer, Klaus E.; Ding, Yuan; Li, Jing; Zhang, Hua
  作者单位：China Europe International Business School; China Europe International Business School; Simon Fraser University
  摘要：State-owned (SO) enterprises are subject to more complex institutional pressures in host countries than private firms. These institutional pressures arise from a weak legitimacy of state ownership in some countries, which arises from a combination of ideological conflicts, perceived threats to national security, and claimed unfair competitive advantage due to support by the home country government. These institutional pressures directed specifically at SO firms induce them to adapt their forei...
• Toward resource independence - Why state-owned entities become multinationals: An empirical study of India's public R&D laboratories AI翻译
  作者：Choudhury, Prithwiraj; Khanna, Tarun
  作者单位：Harvard University
  摘要：In this paper, we build on the standard resource dependence theory (RDT) and its departure suggested by Vernon to offer a novel explanation for why state-owned entities (SOEs) might seek a global footprint and global cash flows: to achieve resource independence from other state actors. In the context of SOEs, the power use hypothesis of standard RDT can be used to analyze the dependence of SOEs on other state actors, such as government ministries and government agencies that have ownership and...
• Resource security: Competition for global resources, strategic intent, and governments as owners AI翻译
  作者：Bass, A. Erin; Chakrabarty, Subrata
  作者单位：University of Nebraska System; University of Nebraska Lincoln
  摘要：We develop a resource security theory by examining the intent of acquisitions of scarce resources by multinational firms. Results suggest that owners of firms can shape the intent of resource acquisitions. Specifically, state-owned enterprises (SOEs) tend to acquire and pay more for resources for exploration rather than exploitation. This is because SOEs' owners governments are most concerned with securing their country's future. We contribute to the literature by suggesting that ownership inf...
• Varieties in state capitalism: Outward FDI strategies of central and local state-owned enterprises from emerging economy countries AI翻译
  作者：Li, Ming Hua; Cui, Lin; Lu, Jiangyong
  作者单位：Copenhagen Business School; Australian National University; Peking University
  摘要：Institutional diversity characterizing state-owned enterprises (SOEs) from emerging economies holds critical but under-examined implications for their internationalization activities. Different types of SOEs can exhibit distinct motivations, strategic resources, and adaptive capabilities for penetrating foreign markets. To understand how such idiosyncratic differences emerge, we conceptualize the heterogeneity of SOEs as an outcome of multiple institutional reform processes administrative and ...