This article sheds light on how the internationalization of state-owned enterprises is influenced by the state involvement in ownership and by the home country’s institutional settings. Integrating international business literature with the debate on the varieties of capitalism, we contend that state-dominated enterprises internationalize more (less) than privately owned enterprises in coordinated (liberal) market economies, whereas they exhibit an inconstant behavior in state-influenced market economies. Our analysis on a sample of enterprises pertaining to 20 OECD countries supports our hypotheses. This article adds to studies on the influence of institutions on firms’ internationalization and has implications for both managers and policymakers.

Varieties of capitalism and the internationalization of state-owned enterprises / Mariotti, Sergio; Marzano, Riccardo. - In: JOURNAL OF INTERNATIONAL BUSINESS STUDIES. - ISSN 1478-6990. - 50:5(2019), pp. 669-691. [10.1057/s41267-018-00208-2]

Varieties of capitalism and the internationalization of state-owned enterprises

Riccardo Marzano
2019

Abstract

This article sheds light on how the internationalization of state-owned enterprises is influenced by the state involvement in ownership and by the home country’s institutional settings. Integrating international business literature with the debate on the varieties of capitalism, we contend that state-dominated enterprises internationalize more (less) than privately owned enterprises in coordinated (liberal) market economies, whereas they exhibit an inconstant behavior in state-influenced market economies. Our analysis on a sample of enterprises pertaining to 20 OECD countries supports our hypotheses. This article adds to studies on the influence of institutions on firms’ internationalization and has implications for both managers and policymakers.
2019
business/government interaction and relations; internationalization; stateowned enterprises; varieties of capitalism; institutional theory; multiple regression analysis
01 Pubblicazione su rivista::01a Articolo in rivista
Varieties of capitalism and the internationalization of state-owned enterprises / Mariotti, Sergio; Marzano, Riccardo. - In: JOURNAL OF INTERNATIONAL BUSINESS STUDIES. - ISSN 1478-6990. - 50:5(2019), pp. 669-691. [10.1057/s41267-018-00208-2]
File allegati a questo prodotto
File Dimensione Formato  
Mariotti_Varieties-of-capitalism_2019.pdf

solo gestori archivio

Tipologia: Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza: Tutti i diritti riservati (All rights reserved)
Dimensione 368.69 kB
Formato Adobe PDF
368.69 kB Adobe PDF   Contatta l'autore
Mariotti_preprint_Varieties-of-capitalism_2019.pdf

accesso aperto

Note: https://link.springer.com/article/10.1057/s41267-018-00208-2
Tipologia: Documento in Pre-print (manoscritto inviato all'editore, precedente alla peer review)
Licenza: Tutti i diritti riservati (All rights reserved)
Dimensione 1.02 MB
Formato Adobe PDF
1.02 MB Adobe PDF

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1245629
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 77
  • ???jsp.display-item.citation.isi??? 62
social impact