State-Owned Multinationals

1. Front Matter

   Pages i-xiv

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2. State-Owned Multinationals: An Introduction

   • Alvaro Cuervo-Cazurra

   Pages 1-6

3. Understanding Our Understanding of State-Owned Multinationals

   1. Front Matter

      Pages 7-7

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   2. The Evolution of State-Owned Multinational Enterprise Theory

      • Yair Aharoni

      Pages 9-44

   3. The International Aspects of State-Owned Enterprises

      • Raymond Vernon

      Pages 45-56

   4. European Government-Controlled Enterprises: Explaining International Strategic and Policy Decisions

      • Renato Mazzolini

      Pages 57-72

4. New Insights on a Renewed Phenomenon

   1. Front Matter

      Pages 73-73

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   2. Exploring the Role of Government Involvement in Outward FDI from Emerging Economies

      • Chengqi Wang, Junjie Hong, Mario Kafouros, Mike Wright

      Pages 75-109

   3. State Ownership Effect on Firms’ FDI Ownership Decisions Under Institutional Pressure: A Study of Chinese Outward-Investing Firms

      • Lin Cui, Fuming Jiang

      Pages 111-144

   4. Toward Resource Independence – Why State-Owned Entities Become Multinationals: An Empirical Study of India’s Public R&D Laboratories

      • Prithwiraj Choudhury, Tarun Khanna

      Pages 145-173

   5. Varieties in State Capitalism: Outward FDI Strategies of Central and Local State-Owned Enterprises from Emerging Economy Countries

      • Ming Hua Li, Lin Cui, Jiangyong Lu

      Pages 175-210

   6. Overcoming Distrust: How State-Owned Enterprises Adapt their Foreign Entries to Institutional Pressures Abroad

      • Klaus E. Meyer, Yuan Ding, Jing Li, Hua Zhang

      Pages 211-251

5. The Future of Studies of State-Owned Multinationals

   1. Front Matter

      Pages 253-253

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   2. State-Owned Enterprises as Multinationals: Theory and Research Directions

      • Aldo Musacchio, Sergio G. Lazzarini

      Pages 255-276

6. Back Matter

   Pages 277-280

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This book provides a deep understanding of state-owned multinationals (SOMNCs) and their role in global business. SOMNCs have emerged as a force to contend with in global competition, and their study connects several fields such as economics, political economy, international business and global strategy. This prestigious collection of articles presents insights into the interaction between government ownership and internationalization, and aims to provoke new research approaches and insights on the topic. The book includes some of the key contributions to our understanding of these firms and new commentaries explaining how to analyze them. This book is essential reading for academics and consultants looking to gain a clearer understanding of SOMNCs and how to research them.

• Journal of International Business Studies
• MNCs
• public enterprise
• economy
• global
• corporate social responsibility

“In this excellent volume, Cuervo-Cazurra compiles some of the best articles on the international behavior of state-owned enterprises, including classics by stalwarts like Yair Aharoni and Raymond Vernon. It provides a comprehensive introduction to the theoretical and empirical questions raised by the cross-border operation of state entities.” (Ravi Ramamurti, D’Amore-McKim School of Business Distinguished Professor and Director, Center for Emerging Markets, Northeastern University, USA)

• D'Amore-McKim School of Business, Northeastern University, Boston, USA

  Alvaro Cuervo-Cazurra

Alvaro Cuervo-Cazurra is Professor of International Business and Strategy at Northeastern University, USA, an AIB Fellow and co-editor of Global Strategy Journal. He studies the internationalization of firms, particularly emerging market multinationals; governance issues, especially corruption; and capability upgrading. 

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