Do State-Owners Facilitate or Constrain Corporate Strategies of Internationalization? The Role of Institutions

Bo Bernhard Nielsen, Saul Estrin, Klaus Meyer, Sabina Nielsen

    Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

    Abstrakt

    National institutions shape the ability of civil society and minority shareholders to monitor and influence insider decision-makers in state owned enterprises (SOEs), and thereby SOEs’ strategies of internationalization. We argue that if such controls are weak, state owners choose self-aggrandizement over profit maximization and
    these tend to be predominantly domestic.Yet, with more effective controls, SOEs choices will be more similar to private owned firms with respect to internationalization. We conceptualize the institutions enabling control over firms by developing Williamson’s hierarchy of institutions from informal via formal to governance. Based on a
    matched sample of 153 majority state owned and 153 majority privately owned firms from 40 different countries, we confirm our hypotheses. Our findings suggest that if home country institutions enable effective control, the internationalization strategies of SOEs and POEs converge.
    OriginalsprogEngelsk
    TitelProceedings of the 57th Annual Meeting of the Academy of International Business : Global Networks: Organizations and People
    RedaktørerRam Mudambi, Tunga Kiyak
    Antal sider1
    UdgivelsesstedEast Lansing, MI
    ForlagAcademy of International Business
    Publikationsdato2015
    Sider166
    StatusUdgivet - 2015
    BegivenhedAIB 2015 Annual Meeting: Global Networks:Organizations and People - Indian Institute of Management, Bangalore (IIMB), Bengaluru, Indien
    Varighed: 27 jun. 201530 jun. 2015
    Konferencens nummer: 57
    https://aib.msu.edu/events/2015/

    Konference

    KonferenceAIB 2015 Annual Meeting
    Nummer57
    LokationIndian Institute of Management, Bangalore (IIMB)
    LandIndien
    ByBengaluru
    Periode27/06/201530/06/2015
    Internetadresse
    NavnAcademy of International Business. Annual Meeting. Proceedings
    Vol/bind57
    ISSN2078-4430

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