This book provides a deep understanding of state-owned multinationals (SOMNCs) and their role in global business. SOMNCs have emerged as a force to contend with in global competition, and their study connects several fields such as economics, political economy, international business and global strategy. This prestigious collection of articles presents insights into the interaction between government ownership and internationalization, and aims to provoke new research approaches and insights on the topic. The book includes some of the key contributions to our understanding of these firms and new commentaries explaining how to analyze them. This book is essential reading for academics and consultants looking to gain a clearer understanding of SOMNCs and how to research them.
Alvaro Cuervo-Cazurra is Professor of International Business and Strategy at Northeastern University, USA, an AIB Fellow and co-editor of Global Strategy Journal. He studies the internationalization of firms, particularly emerging market multinationals; governance issues, especially corruption; and capability upgrading.
Chapter 1. State-Owned Multinationals: An Introduction; Alvaro Cuervo-Cazurra.-Part I. The Early Literature.- Chapter 2. The Evolution of State-Owned Multinational Enterprise Theory; Yair Aharoni.- Chapter 3. The International Aspects of State-Owned Enterprises; Raymond Vernon.- Chapter 4.European Government-Controlled Enterprises: Explaining International Strategic and Policy Decisions; Renato Mazzolini.- Part II New Attention to a Renewed Phenomenon.- Chapter 5. Exploring the Role of Government Involvement in Outward FDI from Emerging Economies; Chengqi Wang, Junjie Hong, Mario Kafouros, Mike Wright.- Chapter 6. State Ownership Effect on Firms' FDI Ownership Decisions Under Institutional Pressure: A Study of Chinese Outward-Investing Firms; Lin Cui and Fuming Jiang.- Chapter 7. Toward Resource Independence - Why State: Owned Entities Become Multinationals: An Empirical Study of India's Public R&D Laboratories; Prithwiraj Choudhury and Tarun Khanna.- Chapter 8. Varieties in State Capitalism: Outward FDI Strategies of Central and Local State-Owned Enterprises from Emerging Economy Countries; Ming Hua Li, Lin Cui, Jiangyong Lu.- Chapter 9. Overcoming Distrust: How State-Owned Enterprises Adapt their Foreign Entries to Institutional Pressure Abroad; Klaus E. Meyer, Yuan Ding, Jing Li, Hua Zhang.- Part III. Future Analyses.- Chapter 10. Theory and Research Directions; Aldo Mussachio and Sergio Lazzarini.