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

Mariotti, Sergio; Marzano, Riccardo

doi:10.1002/gsj.1379

Cited by 33 publications

(49 citation statements)

References 106 publications

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“…In a subsequent study, Mariotti and Marzano (2020) find that institutional varieties moderate the effect of foreign non-state ownership on the internationalization of SOEs differently. Precisely, the effect of foreign non-state ownership is positive when home countries are closer to liberal market economies-at lower levels of both coordination among institutions and economic actors in pursuing their collective capabilities and government effectiveness.…”

Section: State Capitalism and International Expansion: Political Institutional And Competitive Environment Of Home/host Countriesmentioning

confidence: 86%

State Capitalism in International Context: Varieties and Variations

et al. 2020

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Section: State Capitalism and International Expansion: Political Institutional And Competitive Environment Of Home/host Countriesmentioning

confidence: 86%

State Capitalism in International Context: Varieties and Variations

et al. 2020

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“…First, it attempts to contribute to the specific characteristics and reasons behind SOEs international strategy. Much has been written about this phenomenon concerning the ownership level in the internationalization of SOEs (Mariotti and Marzano, 2020;Musacchio and Lazzarini, 2014;Liang et al, 2015;Kalasin et al, 2020) but limited attention has been paid to the type of state ownership (Li et al, 2014). We posit that there is a need to analyze different kinds of state ownership and consider the distinction between the strategies developed by SSOEs and CSOEs.…”

Section: Discussionmentioning

confidence: 99%

A comparative analysis of the internationalization of sub-national and central state-owned enterprises: shreds of evidence from Latin America

Finchelstein

González-Pérez

Salvaj

2021

MBR

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Purpose In this exploratory multiple case study, we aim to compare the internationalization of two state-owned enterprises (SOEs) owned by subnational governments with three owned by central governments in Latin America. This study provides a contextualized answer to the question: What are the differences in the internationalization of subnationally owned SOEs compared to central SOEs? This study finds that the speed and diversification of these two types of SOEs’ internationalization differ because they have a different expansion logic. Subnationally owned SOEs have a gradual and diversified expansion following market rules. Central government’s SOEs are specialized and take more drastic steps in their internationalization, which relates to non-market factors. Design/methodology/approach This study builds an exploratory qualitative comparative case analysis that uses multiple sources of data and information to develop a comprehensive understanding of SOEs through process tracing. Findings The study posits some assumptions that are confirmed in the case analysis. This study finds relevant differences between sub-national (SSOEs) and central authority (CSOEs’) strategies. SSOEs’ fewer resources and needs to increase income push them to follow a gradual market-driven internationalization and to diversify abroad. CSOEs non-gradual growth is justified by non-market factors (i.e. national politics). CSOEs do not diversify abroad due to the broader set of constituencies they have to face. Research limitations/implications Given the exploratory comparative case study of this research, the findings are bounded by the particularities of the cases and their region (Latin America). This paper and its findings can be useful for theory building but it does not claim any generalization capacity. Originality/value This study adds complexity into the SOEs phenomenon by distinguishing between different types of SOEs. This paper contributes to the study of subnational phenomena and its effect in SOEs’ internationalization process, which is an understudied topic. To the authors’ best knowledge, this is among the first studies that explore subnational SOEs in Latin America.

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“…La globalización, que tornó difusas las fronteras económicas y culturales entre países, anteriormente fundamento de los corrimientos de las fronteras en favor de una menor participación pública, opera ahora en un sentido inverso, es decir, como una corriente de articulación internacional que vincula corporaciones y Estados, acelerando la reasignación de capitales en los mercados financieros, promoviendo la logística de productos para el comercio internacional y produciendo nuevos tipos de migraciones acompañando la dislocación de clúster productivos y la consolidación de sistemas de outsourcing, configurando una nueva arquitectura económica de gobernanza global (Messner (2004). En ese contexto las empresas de gestión pública también rediseñaron su ámbito de acción, impulsando muchas de ellas verdaderos procesos de internacionalización que continúan hasta el día de hoy (Landoni, M., 2018;Xie, E., & Tang, Q., 2018;Mariotti, S., & Marzano, R. 2020).…”

Section: Los Estadios De La Gestión Pública De Empresas: De La Caída De La Urss Al Covid19unclassified

La gestión pública de empresas: el desafío de un abordaje multinivel

Agoff

Blugerman

Meschengieser

2021

DAAPGE

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El artículo desarrolla la idea de que la gestión pública de empresas se da en distintos niveles, incorporando una consideración sobre la cuestión territorial, entendida como una “escala de base”, no siempre debidamente reflejado en los estudios. El trabajo supone que el desafío de la gestión pública de las empresas es articular tres niveles: en primer lugar, el global, atendiendo a las cuestiones de la experiencia internacional, los modelos de desarrollo y la cuestión de la inserción e integración regional; en segundo lugar, el territorial, enfocando la vinculación con actores públicos y privados en los espacios específicos de desarrollo de su actividad; y, por último el organizacional, abordando la cuestión de la combinación entre estructura y profesionalización que permita un trabajo sostenible en los otros dos niveles. El artículo apela a fuentes secundarias, principalmente y discute a partir de la referencia provista por la literatura especializada.

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

Abstract: We investigate when and how a foreign multinational enterprise by acting as a relational co-owner helps the internationalization of hybrid state-owned enterprises. We merge the "liability of stat

Cited by 33 publications

References 106 publications

State Capitalism in International Context: Varieties and Variations

State Capitalism in International Context: Varieties and Variations

A comparative analysis of the internationalization of sub-national and central state-owned enterprises: shreds of evidence from Latin America

La gestión pública de empresas: el desafío de un abordaje multinivel

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