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
journal contribution
posted on 2023-06-09, 19:02 authored by Monica Ren, Stephan ManningStephan Manning, Stanislav VavilovRecent 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 ManagementISSN
1075-4253Publisher
ElsevierExternal DOI
Issue
3Volume
25Article number
a100667Department affiliated with
- Strategy and Marketing Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2019-09-24First Open Access (FOA) Date
2021-05-11First Compliant Deposit (FCD) Date
2019-09-24Usage metrics
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