Openness, international champions, and the internationalization of Multilatinas

Hennart, Jean‐François; Sheng, Hsia Hua; Carrera, José Marcos

doi:10.1016/j.jwb.2016.08.005

Cited by 53 publications

(65 citation statements)

References 39 publications

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“…Scholars have investigated the influence of both home country and host country CPC on strategic choices and performance outcomes of MNEs. A major form of home country CPC is state ownership in MNEs, which can influence their propensity to enter foreign markets (Choudhury & Khanna, ; Li, Cui, & Lu, ; Xia, Ma, Lu, & Yiu, ), their location choice (Duanmu, ; Li et al, ), timing of foreign market entry (Hennart, Sheng, & Carrera Jr, ), mode of foreign market entry (Cui & Jiang, ), entry success (Li, Xia, & Lin, ; Meyer & Altenborg, ), and post‐entry performance (Tse, Yu, & Zhu, ; Zou & Adams, ). In the host country, CPC with host governments can influence MNEs' mode of entry (Chen, Cui, Li, & Rolfe, ), realization of first‐mover advantages (Frynas et al, ), international joint venture control method (Chen, Paik, & Park, ), and ownership decisions (Pinto, Ferreira, Falaster, Fleury, & Fleury, ).…”

Section: Cpc In International Business: a Literature Reviewmentioning

confidence: 99%

Corporate political connections in global strategy

Cui

et al. 2018

Global Strategy Journal

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Research Summary: The role of corporate political connections (CPC) in global strategy has been examined in a variety of institutional contexts and analyzed from different theoretical perspectives. This literature, along with the articles in this special issue, demonstrate the importance of contextualization in understanding the motivations, processes, and outcomes of firms developing and utilizing CPC in global strategy. We argue that context‐specific aspects of CPC, such as the political system in which the firm is operating, need to be incorporated more systematically to advance theory development globally. Future studies on CPC can advance this agenda through cross‐country comparative research, deeper engagement with political science literature, linking CPC with other nonmarket strategies, and configurational analysis of the multidimensional context of CPC. Managerial Summary: Multinational companies not only compete in a market environment, they engage with political actors in both their home and host societies. This special issue brings together research that explores how companies use their corporate political connections (CPC) to achieve firm objectives. Each study takes a different approach to studying the phenomenon, informed by the national context of their empirical data. Together, these studies highlight the importance of CPC around the world. However, the variation in research approaches also highlights that the “how and why” of companies' development and utilization of CPC vary across cultures and political systems. In consequence, the development of managerial recommendations always needs to carefully consider the pertinent political context of the available empirical evidence.

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Section: Cpc In International Business: a Literature Reviewmentioning

confidence: 99%

Corporate political connections in global strategy

Cui

et al. 2018

Global Strategy Journal

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“…With reference to the emerging markets, they propose that different levels of state ownership modify the relationship between state ownership and the international expansion of SOEs as relevant private owners can correct or mitigate some of the state dysfunctionalities in the pursuit of profit‐oriented foreign investments (see also Estrin, Meyer, Nielsen, & Nielsen, 2016). Other scholars have argued that the way in which state ownership influences the willingness and ability of SOEs to internationalize depends on the institutional settings in which they are embedded (Clegg, Voss, & Tardios, 2018; Colli, Mariotti, & Piscitello, 2014; Estrin et al, 2016; Hennart, Sheng, & Carrera, 2017; Hoskisson, Wright, Filatotchev, & Peng, 2013). In particular, Mariotti and Marzano (2019) argue that the duality balance evolves from negative (against internationalization) to positive (in favor of internationalization) along a continuum between the paradigmatic forms of the liberal market economy (LME) and the coordinated market economy (CME).…”

Section: Introductionmentioning

confidence: 99%

Relational ownership, institutional context, and internationalization of state‐owned enterprises: When and how are multinational co‐owners a plus?

Mariotti

Marzano

2020

Global Strategy Journal

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“…В политической экономии анализируются последствия влияния государственной собственности на международные стратегии компаний. Так, в [Hennart, Sheng, Carrera, 2017] рассматриваются компании из стран Латинской Америки и утверждается, что интернационализация государственных компаний этих стран была вызвана амбициями правительств, которые от политики импортозамещения конца ХХ в. перешли к активному стимулированию международного присутствия. При этом преследовались стратегические цели: сохранить контроль над важнейшими компаниями перед лицом их возможной покупки иностранными фирмами.…”

Section: интернационализация государственных компаний из стран с растunclassified

“…Таким образом, государство хотя и сократило долю своего прямого присутствия в экономике за счет приватизации части активов государственных компаний, тем не менее удержало контроль над ними посредством непрямой собственности через государственные инвестиционные фонды. Либерализацию рынков Латинской Америки, по мнению авторов, следует воспринимать с некоторыми оговорками, принимая во внимание непрямой государственный контроль над ведущими интернационализирующимися компаниями и национализацию некоторых частных «чемпионов» международной экспансии [Hennart, Sheng, Carrera, 2017].…”

Section: интернационализация государственных компаний из стран с растunclassified

Internationalization of state-owned enterprises from emerging markets: Overview of theoretical approaches

Klishevich¹,

Panibratov²

2020

Vestnik SPbSU. Management

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The article presents the analysis of the theoretical and empirical research on the phenomenon of the internationalization of state-owned enterprises from emerging market countries. Contemporary internationalized state-owned enterprises are far from the uncompetitive and ineffective firms of the 20th century that mostly operated domestically and give examples of truly exciting international strategies. However the question stays open, namely how exactly state ownership shapes their international strategies. The existing studies are vast and lack systematization, and the purpose of this article is to analyze the most widely used theoretical approaches that investigate internationalization of emerging markets of stateowned enterprises. The most popular theoretical approach to study the internationalization of emerging markets of state-owned enterprises is the institutional perspective that studies how the interplay of state ownership of companies and institutional environment shapes their international strategies. Nevertheless, the synergy of theoretical approaches is needed in order to extend knowledge on the internationalization of the state-owned enterprises. Examples of such a synergy are presented in this paper. It also offers prospects for future research and further topics to study. Analysis of theoretical approaches that study internationalization of emerging markets of state-owned enterprises helps map the research field and show where it is moving. The paper has value for both academia and practitioners that deal with the global expansion of state-owned enterprises from emerging markets.

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Openness, international champions, and the internationalization of Multilatinas

Cited by 53 publications

References 39 publications

Corporate political connections in global strategy

Corporate political connections in global strategy

Relational ownership, institutional context, and internationalization of state‐owned enterprises: When and how are multinational co‐owners a plus?

Internationalization of state-owned enterprises from emerging markets: Overview of theoretical approaches

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