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RA32WP 2019 JIM Does State Ownership Really Matter.pdf (552.41 kB)

Does state ownership really matter? The dynamic alignment of China's resource environment and firm internationalization strategies

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journal contribution
posted on 2023-06-09, 19:02 authored by Monica Ren, Stephan ManningStephan Manning, Stanislav Vavilov
Recent research suggests that unequal access to home country institutional resources affects firm internationalization strategies. We add to this debate, based on an analysis of state-owned (SOEs) and non-state-owned (NSOEs) Chinese mining firms, by developing a more dynamic and multilayered understanding of this interplay. We find that home institutional support can be ownership-based or performance-based, whereby the former benefits SOEs and the latter favors high performing NSOEs. Combined, these support structures serve as institutional control mechanisms in promoting competition, performance and loyalty to national policies. In addition, they establish a permanent link between firm- and home country-specific assets and incentivize firms to develop dynamic resource access capabilities at home and abroad. Our findings inform our understanding of the firms-institutions nexus and Chinese foreign direct investment dynamics, especially in industries of strategic importance to the state.

History

Publication status

  • Published

File Version

  • Accepted version

Journal

Journal of International Management

ISSN

1075-4253

Publisher

Elsevier

Issue

3

Volume

25

Article number

a100667

Department affiliated with

  • Strategy and Marketing Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2019-09-24

First Open Access (FOA) Date

2021-05-11

First Compliant Deposit (FCD) Date

2019-09-24

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