State ownership, political ideology, and firm performance around the world
| Autor: | Marc VanEssen, Steve Sauerwald, Roxana Turturea, Ruth V. Aguilera, Patricio Duran, Pursey P. M. A. R. Heugens |
|---|---|
| Přispěvatelé: | Department of Strategic Management and Entrepreneurship |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Marketing
Government Stylized fact media_common.quotation_subject 05 social sciences State capitalism State ownership Politics State (polity) Political economy 0502 economics and business Economics 050211 marketing Ideology Business and International Management Constraint (mathematics) 050203 business & management Finance media_common |
| Zdroj: | Journal of World Business, 56(1):101113. Elsevier Inc. |
| ISSN: | 1090-9516 |
| Popis: | It is often taken as a stylized fact that state ownership harms the financial performance of firms. Yet we show that this relationship varies greatly across national contexts. We argue that the political ideology of the government, both independently and in conjunction with political institutions (state capacity and political constraint), affects this relationship. We test our hypotheses using meta-analytical techniques on an international sample spanning 53 years and 131 countries. Our research sheds further light on the state ownership – firm performance relationship by highlighting the role of the political ideology of the government, and its interactions with political institutions. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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