New Varieties of State Capitalism: Strategic and Governance Implications

By Aldo Musacchio, Sérgio Giovanetti Lazzarini, Ruth V. Aguilera. 2015

402 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/6498216d6e551e480fd96cc87c55775e146f9679

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Citations in the corpus

Varieties in state capitalism and corporate innovation: Evidence from an emerging economy (2021, background): “These reforms have primarily led to state capitalism, a regime characterized by the co-existence of hierarchy-based and market-based institutions, with the state strongly influencing firms (Bruton et al., 2015; Musacchio et al., 2015; Hu et al., 2019; Mariotti and Marzano, 2019; Genin et al., 2020).”
Theories of the (state-owned) firm (2016, background): “Further, SOEs no longer necessarily occupy the Bcommanding heights^ of the economy because new private start-ups and foreign entrants have joined the game (Mutlu et al., 2015; Peng, 2003).”
Mapping the business systems of 61 major economies: A taxonomy and implications for varieties of capitalism and business systems research (2018, neutral): “Recent works on state-led capitalism have recognized this issue and have started to provide for subcategories (Musacchio et al., 2015).”
Research on international business: The new realities (2021, background): “Governments in host countries have become more circumspect about the benefits of inward FDI, and many MNEs now have to overcome not only the familiar liability of foreignness but also a liability of home/origin (Ramachandran & Pant, 2010; Stevens & Shenkar, 2012) and a liability of stateness (Musacc”
Strategy and commitments to institutional logics: Organizational heterogeneity in business models and governance (2016, background): “The state similarly exerts significant influence over business models in traditionally heavily regulated industries (e.g. energy, banking, and pharmaceuticals) as well as in the case of state-controlled economies (Musacchio et al., 2015).”
Varieties of institutional systems: A contextual taxonomy of understudied countries (2016, background): “Consequently, such complementarities prevent Latin American economies from shifting towards a CME or LME (Schneider, 2013). utional systems: A contextual taxonomy of understudied countries, 5.003 instead make direct resource allocation decisions (Frye & Shleifer, 1996; Musacchio et al., 2015).”
State ownership reinvented? Explaining performance differences between state‐owned and private firms (2018, neutral): “…literature examines what happened after those reforms, showing that governments all around the world kept equity stakes in a large number of SOEs for strategic and political reasons (Bortolotti & Faccio, 2009; Boubakri et al., 2011; Bruton et al., 2015; Christiansen, 2011; Musacchio et al., 2015).”
State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics (2017, background): “But they overlook the new varieties of state ownership that governments use to influence business activities, such as the state as a majority or minority shareholder (Musacchio and Lazzarini, 2014; Musacchio, Lazzarini, and Aguilera, 2015).”
State capitalism in international context: Varieties and variations (2020, background): “We conceptualize state capitalism more broadly than previous management scholarship that tends to focus on state ownership and state-controlled capital (Aguilera, Capap ´ e, & Santiso, 2016; Musacchio, Lazzarini, & Aguilera, 2015).”
State Control and Corporate Governance in Transition Economies: 25 Years on from 1989 (2016, neutral): “State control over enterprises of strategic importance takes different forms and has different consequences as researchers have just started to explore (Musacchio et al., 2015).”
State capitalism(s) redux? Theories, tensions, controversies (2020, background): “In their discussions of such capabilities, Musacchio et al. (2015) actually refer to upgrading, diversification, national champion policy, innovation policy, investment in research and education, and infrastructure provision.”