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

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

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/rapport › Konferenceabstrakt i proceedings › Forskning › peer review

Abstract

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.

Originalsprog	Engelsk
Titel	Proceedings of the 57th Annual Meeting of the Academy of International Business : Global Networks: Organizations and People
Redaktører	Ram Mudambi, Tunga Kiyak
Antal sider	1
Udgivelsessted	East Lansing, MI
Forlag	Academy of International Business
Publikationsdato	2015
Sider	166
Status	Udgivet - 2015
Begivenhed	AIB 2015 Annual Meeting: Global Networks:Organizations and People - Indian Institute of Management, Bangalore (IIMB), Bengaluru, Indien Varighed: 27 jun. 2015 → 30 jun. 2015 Konferencens nummer: 57 https://aib.msu.edu/events/2015/

Konference

Konference	AIB 2015 Annual Meeting
Nummer	57
Lokation	Indian Institute of Management, Bangalore (IIMB)
Land/Område	Indien
By	Bengaluru
Periode	27/06/2015 → 30/06/2015
Internetadresse	https://aib.msu.edu/events/2015/

Navn	Academy of International Business. Annual Meeting. Proceedings
Vol/bind	57
ISSN	2078-4430

Adgang til dokumentet

http://documents.aib.msu.edu/events/2015/AIB2015_Proceedings.pdfLicens: Ikke-specificeret

Handle.net

Persistent link

Citationsformater

Nielsen, B. B., Estrin, S., Meyer, K., & Nielsen, S. (2015). Do State-Owners Facilitate or Constrain Corporate Strategies of Internationalization? The Role of Institutions. I R. Mudambi, & T. Kiyak (red.), Proceedings of the 57th Annual Meeting of the Academy of International Business: Global Networks: Organizations and People (s. 166). Academy of International Business. http://documents.aib.msu.edu/events/2015/AIB2015_Proceedings.pdf

Nielsen, Bo Bernhard ; Estrin, Saul ; Meyer, Klaus et al. / Do State-Owners Facilitate or Constrain Corporate Strategies of Internationalization? The Role of Institutions. Proceedings of the 57th Annual Meeting of the Academy of International Business: Global Networks: Organizations and People. red. / Ram Mudambi ; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2015. s. 166 (Academy of International Business. Annual Meeting. Proceedings, Bind 57).

@inbook{10b76c34d87e4739a68a557a4e24f13e,

title = "Do State-Owners Facilitate or Constrain Corporate Strategies of Internationalization?: The Role of Institutions",

abstract = "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{\textquoteright} 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{\textquoteright}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.",

author = "Nielsen, {Bo Bernhard} and Saul Estrin and Klaus Meyer and Sabina Nielsen",

year = "2015",

language = "English",

series = "Academy of International Business. Annual Meeting. Proceedings",

pages = "166",

editor = "Ram Mudambi and Tunga Kiyak",

booktitle = "Proceedings of the 57th Annual Meeting of the Academy of International Business",

publisher = "Academy of International Business",

note = "AIB 2015 Annual Meeting ; Conference date: 27-06-2015 Through 30-06-2015",

url = "https://aib.msu.edu/events/2015/",

}

Nielsen, BB, Estrin, S, Meyer, K & Nielsen, S 2015, Do State-Owners Facilitate or Constrain Corporate Strategies of Internationalization? The Role of Institutions. i R Mudambi & T Kiyak (red), Proceedings of the 57th Annual Meeting of the Academy of International Business: Global Networks: Organizations and People. Academy of International Business, East Lansing, MI, Academy of International Business. Annual Meeting. Proceedings, bind 57, s. 166, AIB 2015 Annual Meeting, Bengaluru, Indien, 27/06/2015. <http://documents.aib.msu.edu/events/2015/AIB2015_Proceedings.pdf>

Do State-Owners Facilitate or Constrain Corporate Strategies of Internationalization? The Role of Institutions. / Nielsen, Bo Bernhard; Estrin, Saul; Meyer, Klaus et al.
Proceedings of the 57th Annual Meeting of the Academy of International Business: Global Networks: Organizations and People. red. / Ram Mudambi; Tunga Kiyak. East Lansing, MI: Academy of International Business, 2015. s. 166 (Academy of International Business. Annual Meeting. Proceedings, Bind 57).

Publikation: Bidrag til bog/antologi/rapport › Konferenceabstrakt i proceedings › Forskning › peer review

TY - ABST

T1 - Do State-Owners Facilitate or Constrain Corporate Strategies of Internationalization?

T2 - AIB 2015 Annual Meeting

AU - Nielsen, Bo Bernhard

AU - Estrin, Saul

AU - Meyer, Klaus

AU - Nielsen, Sabina

N1 - Conference code: 57

PY - 2015

Y1 - 2015

N2 - 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.

AB - 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.

M3 - Conference abstract in proceedings

T3 - Academy of International Business. Annual Meeting. Proceedings

SP - 166

BT - Proceedings of the 57th Annual Meeting of the Academy of International Business

A2 - Mudambi, Ram

A2 - Kiyak, Tunga

PB - Academy of International Business

CY - East Lansing, MI

Y2 - 27 June 2015 through 30 June 2015

ER -

Nielsen BB, Estrin S, Meyer K, Nielsen S. Do State-Owners Facilitate or Constrain Corporate Strategies of Internationalization? The Role of Institutions. I Mudambi R, Kiyak T, red., Proceedings of the 57th Annual Meeting of the Academy of International Business: Global Networks: Organizations and People. East Lansing, MI: Academy of International Business. 2015. s. 166. (Academy of International Business. Annual Meeting. Proceedings, Bind 57).