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022 _a1558-9080
022 _a1943-4529
040 _aTBS
_bEN
_cTBS
041 _aeng
100 _aMusacchio, Aldo
_927062
_eauthor
245 _aNew varieties of state capitalism: Strategic and governance implications
_b: strategic and governance implications
_cAldo Musacchio, Sergio G. Lazzarini, & Ruth V. Aguilera.
260 _bAcademy of Management Perspectives,
_c2015.
300 _a115-131 pages.
362 _aAcademy of Management perspectives, 2015-02, Vol.29 (1), p.115-131
520 _aWe 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.
630 0 _aMSc International Business
_926977
650 0 _aCapital market
_xGovernment policy
_927063
650 0 _aEconomic policy
_96779
650 0 _aCapitalism
_95206
650 0 _aStrategic planning
_93573
700 _aLazzarini, Sergio G.
_927064
_eauthor
700 _aAguilera, Ruth V.
_927065
_eauthor
856 _uhttps://research-ebsco-com.hub.tbs-education.fr/c/q5dvh4/viewer/pdf/ugcicgcxhb
942 _2lcc
999 _c5220
_d5220