: strategic and governance implications Musacchio, Aldo creator author Lazzarini, Sergio G. author Aguilera, Ruth V. author text Academy of Management Perspectives 2015 monographic eng

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115-131 pages. We analyze the new varieties of state capitalism in the 21st century and explore their implications in terms of both strategic and governance outcomes. We begin by discussing how the current theoretical perspectives conceptualize state-owned enterprises' strategic behavior. Then we introduce a stylized distinction between four broad, new varieties of state capitalism—wholly owned state-owned enterprises, the state as a majority investor, the state as a minority investor, and the state as a strategic supporter of specific sectors—and survey each type within the different theoretical perspectives. Last, we examine firm performance for each type of state capitalism relative to private firms and contingent on country-level institutional contingencies. This article contributes to existing debates on comparative capitalisms and the current role of the state. Aldo Musacchio, Sergio G. Lazzarini, & Ruth V. Aguilera. Capital market Government policy Economic policy Capitalism Strategic planning 1558-9080 1943-4529 https://research-ebsco-com.hub.tbs-education.fr/c/q5dvh4/viewer/pdf/ugcicgcxhb https://research-ebsco-com.hub.tbs-education.fr/c/q5dvh4/viewer/pdf/ugcicgcxhb TBS 260121 20260514103943.0 EN