Clegg, LJ orcid.org/0000-0002-9787-7196, Voss, H orcid.org/0000-0002-0691-4706 and Tardios, JA (2018) The autocratic advantage: Internationalization of state-owned multinationals. Journal of World Business, 53 (5). pp. 668-681. ISSN 1090-9516
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.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2018 Elsevier Inc. This is an author produced version of a paper published in Journal of World Business. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Home political regime; State-owned multinationals; Emerging economies’ OFDI; Mergers & acquisitions |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 23 Mar 2018 13:10 |
Last Modified: | 01 Oct 2019 00:38 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.jwb.2018.03.009 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:128877 |