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

Ren, Monica, Manning, Stephan and Vavilov, Stanislav (2019) Does state ownership really matter? The dynamic alignment of China's resource environment and firm internationalization strategies. Journal of International Management, 25 (3). a100667. ISSN 1075-4253

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Abstract

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.

Item Type: Article
Keywords: Ownership, China, Mining, Institutions, Internationalization
Schools and Departments: School of Business, Management and Economics > Strategy and Marketing
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: Stephan Manning
Date Deposited: 24 Sep 2019 17:53
Last Modified: 04 Nov 2019 11:20
URI: http://sro.sussex.ac.uk/id/eprint/86224

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