Governments as owners: State-owned multinational companies

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State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics (2017, background): “The citizens who are the nominal owners of SOEs have neither contractual nor monitoring mechanisms to align the objectives of the politicians—who are nominally agents but are in effect the firms’ principals—with their own objectives (Cuervo-Cazurra et al., 2014).”
Home country institutions and the internationalization of state owned enterprises: A cross-country analysis (2016, background): “Moreover, we focus on the internationalization of listed SOEs, a phenomenon on the rise (Bruton et al., 2015; Cuervo-Cazurra et al., 2014; UNCTAD 2014).”
Theories of the (state-owned) firm (2016, background): “…of ownership and control in SOEs in the sense that these firms may become Bstate-owned and manager-controlled^ (if managers enjoy significant autonomy) or Bstate-owned but private-controlled^ (if control rights are leased to private firms) (Cuervo-Cazurra et al., 2014; Jiang et al., 2015).”
Escaping the iron cage: Liabilities of origin and CSR reporting of emerging market multinational enterprises (2017, background): “On the other hand, state-owned MNEs may invest more into CSR activities to mitigate potential hostility from host country governments (Cuervo-Cazurra et al., 2014).”