Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7413146 | Journal of World Business | 2018 | 14 Pages |
Abstract
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.
Keywords
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
L. Jeremy Clegg, Hinrich Voss, Janja A. Tardios,