Risk and the strategy of foreign location choice in regulated industries

Home country institutions and the internationalization of state owned enterprises: A cross-country analysis

“…Third, we are one of the first to investigate how national context moderates the effects of ownership on firm internationalization strategies. While earlier studies suggest that ownership directly influences internationalization (Tihanyi, et al, 2003;Cui & Jiang, 2012;Garcia-Canal & Guillén, 2008), our empirical results show how this impact is conditioned by the institutional environment.…”

“…State owned enterprises (SOEs) differ from wholly privately owned firms (POEs), 1 for example in terms of their governance (Gedaljovic & Shapiro, 1998;Rodriguez et al, 2007); attitude to risk (Borisova et al, 2012;Garcia-Canal & Guillén, 2008); and access to resources (Morck et al, 2008;Wang, et al 2012c). Yet, despite the increasing global role of SOEs (UNCTAD 2014;Bruton et al, 2015), the impact of the state as an owner on firms' internationalization remains underexplored.…”

Lords of the Harvest: Third-Party Influence and Regulatory Approval of Genetically Modified Organisms

“…In such industries, government can dramatically influence firm performance and survival via regulatory approvals or disapprovals of product and service offerings, product standards and production requirements, and market entry and exit rules (Sine, Haveman, & Tolbert, 2005;Garcia-Canal & Guillen, 2008). Given the significance of public policy, much of the research on business-government relations has focused on regulatory change, its impact on industries and organizations, and firm efforts to influence policymakers, a concept often called regulatory capture (Hillman & Keim, 1995;Dobbin & Dowd, 1997;Bonardi, Hillman, & Keim, 2005).…”

Internationalization by State-owned Enterprises (SOEs) and Sovereign Wealth Funds (SWFs) after the 2008 Crisis. Looking for Generalizations

“…The current literature research focus is on Chinese MNEs [Chen and Young, 2010;Cui and Jiang, 2012;Duanmu, 2014;Liang et al, 2014;Meyer et al, 2014;Morck et al, 2008;Pan et al, 2014;Ramasamy et al, 2012;Wang et al, 2012;Zhang et al, 2010]. Only a few papers highlight SOE internationalization issues in other national economies, such as Spain [Garcia-Canal and Guillen, 2008], Norway [Knutsen et al, 2011] or India [Choudhury and Khanna, 2014]. More comprehensive studies by Estrin [et al, 2012] revealed that the propensity of SOEs to internationalize is, on average, lower than among private firms and that institutional and political factors play an important moderating role.…”