The autocratic advantage: Internationalization of state-owned multinationals
| Autor: | Hinrich Voss, L. Jeremy Clegg, Janja A. Tardios |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Marketing
Mergers & acquisitions 05 social sciences International business Autocracy Emerging economies’ OFDI Investment (macroeconomics) Nationalism Internationalization State-owned multinationals Market economy Mercantilism Multinational corporation 0502 economics and business Home political regime International political economy Business 050207 economics Business and International Management 050203 business & management Finance |
| Popis: | We offer a theoretical extension and empirical analysis of home country autocracy as a key determinant for the internationalization of state-owned enterprises (SOEs). Building on international business and international political economy theory, we argue that the pursuit of a mercantilist domestic agenda by autocratic governments is influential upon the magnitude and direction of state-owned multinational enterprises’ (SOMNC) outward investment via acquisition. We conclude that autocratic home countries are ‘re-purposing’ SOEs to pursue international nationalist objectives – and that autocracies can do so more effectively and purposefully than democracies, by maintaining effective control over their SOMNCs. |
| Databáze: | OpenAIRE |
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