TY  - BOOK
AU  - Musacchio, Aldo
AU  - Lazzarini, Sergio G.
AU  - Aguilera, Ruth V.
TI  - New varieties of state capitalism: Strategic and governance implications: : strategic and governance implications
SN  - 1558-9080
PY  - 2015///
PB  - Academy of Management Perspectives
KW  - MSc International Business
KW  - Capital market
KW  - Government policy
KW  - Economic policy
KW  - Capitalism
KW  - Strategic planning
N2  - 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
UR  - https://research-ebsco-com.hub.tbs-education.fr/c/q5dvh4/viewer/pdf/ugcicgcxhb
ER  -