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dc.contributor.authorCuervo-Cazurra, Alvaro
dc.contributor.authorInkpen, Andrew
dc.contributor.authorMusacchio, Aldo
dc.contributor.authorRamaswamy, Kannan
dc.date.accessioned2015-05-19T16:22:26Z
dc.date.issued2014
dc.identifier.citationCuervo-Cazurra, Alvaro, Andrew Inkpen, Aldo Musacchio, and Kannan Ramaswamy. "Governments as Owners: State-Owned Multinational Companies." Journal of International Business Studies 45, no. 8 (October–November 2014): 919–942.en_US
dc.identifier.issn0047-2506en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:15787971
dc.description.abstractThe 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 SOMNCs can help advance the literature by extending our understanding of state-owned firms (SOEs) and multinational companies (MNCs) in at least two ways. First, we cross-fertilize the IB and SOEs literatures in their analysis of foreign investment behavior and introduce two arguments: the extraterritoriality argument, which helps explain how the MNC dimension of SOMNCs extends the SOE literature, and the non-business internationalization argument, which helps explain how the SOE dimension of SOMNCs extends the MNC literature. Second, we analyze how the study of SOMNCs can help develop new insights of theories of firm behavior. In this respect, we introduce five arguments: the triple agency conflict argument in agency theory; the owner risk argument in transaction costs economics; the advantage and disadvantage of ownership argument in the resource-based view (RBV); the power escape argument in resource dependence theory; and the illegitimate ownership argument in neoinstitutional theory. After our analysis, we introduce the papers in the special issue that, collectively, reflect diverse and sophisticated research interest in the topic of SOMNCs.en_US
dc.language.isoen_USen_US
dc.publisherPalgrave Macmillanen_US
dc.relation.isversionofhttp://www.palgrave-journals.com/jibs/journal/v45/n8/full/jibs201443a.html#closeen_US
dash.licenseOAP
dc.subjectstate ownershipen_US
dc.subjectmultinational firms and managementen_US
dc.subjectstate capitalismen_US
dc.subjectbusiness subsidiariesen_US
dc.subjectacquisitionen_US
dc.titleGovernments as Owners: State-Owned Multinational Companiesen_US
dc.typeJournal Articleen_US
dc.description.versionAuthor's Originalen_US
dc.relation.journalJournal of International Business Studiesen_US
dash.depositing.authorMusacchio, Aldo
dc.date.available2015-05-19T16:22:26Z
dc.identifier.doi10.1057/jibs.2014.43
dash.contributor.affiliatedMusacchio, Aldo
dc.identifier.orcid0000-0003-3400-9938


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