Now showing items 1-6 of 6

    • Governments as Owners: State-Owned Multinational Companies 

      Cuervo-Cazurra, Alvaro; Inkpen, Andrew; Musacchio, Aldo; Ramaswamy, Kannan (Palgrave Macmillan, 2014)
      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 ...
    • In Strange Company: The Puzzle of Private Investment in State-Controlled Firms 

      Pargendler, Mariana; Musacchio, Aldo; Lazzarini, Sergio G. (2013-02-19)
      A large legal and economic literature describes how state-owned enterprises (SOEs) suffer from a variety of agency and political problems. Less theory and evidence, however, have been generated about the reasons why ...
    • Leviathan in Business: Varieties of State Capitalism and their Implications for Economic Performance 

      Musacchio, Aldo; Lazzarini, Sergio G. (2012-07-13)
      In this paper we document the extent and reach of state capitalism around the world and explore its economic implications. We focus on governmental provision of capital to corporations – either equity or debt – as a defining ...
    • Mexico's financial crisis of 1994-1995 

      Musacchio, Aldo (2012-07-13)
      This paper explains the causes leading to the Mexican crisis of 1994-1995 (known as "The Tequila Crisis"), and its short- and long-term consequences. It argues that excessive enthusiasm on the part of foreign investors, ...
    • These Are the Good Old Days: Foreign Entry and the Mexican Banking System 

      Haber, Stephen; Musacchio, Aldo (2013-01-23)
      In 1997, the Mexican government reversed long-standing policies and allowed foreign banks to purchase Mexico’s largest commercial banks and relaxed restrictions on the founding of new, foreign-owned banks. The result has ...
    • What Do State-Owned Development Banks Do? Evidence from BNDES, 2002–09 

      Lazzarini, Sergio G.; Musacchio, Aldo; Bandeira-de-Mello, Rodrigo; Marcon, Rosilene (Elsevier, 2015)
      Defendants of state-owned development banks emphasize their role in reducing capital constraints and fostering productive investment; detractors point out that they may benefit politically connected capitalists or bail out ...