State ownership, political ideology, and firm performance around the world

By Ruth V. Aguilera, P. Duran, Pursey PMAR Heugens, Steve Sauerwald, Roxana Turturea, M. vanEssen. 2021

122 citations recorded by the source corpus.

Abstract It is often taken as a stylized fact that state ownership harms the financial performance of firms. Yet we show that this relationship varies greatly across national contexts. We argue that the political ideology of the government, both independently and in conjunction with political institutions (state capacity and political constraint), affects this relationship. We test our hypotheses using meta-analytical techniques on an international sample spanning 53 years and 131 countries. Our research sheds further light on the state ownership – firm performance relationship by highlighting the role of the political ideology of the government, and its interactions with political institutions.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/f6a5b71040d8a7b26ac9620b68051ea3d1ce4f99

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In Accounting

In Strategy and Management

Citations in the corpus

State capitalism in international context: Varieties and variations (2020, background): “…and neo-institutionalism) and those that suggest an advantage of stateness (economic development, resource-based view, and institutional economics) (Aguilera et al., 2020, this Special Issue ; Cuervo-Cazurra & Li, 2020, this Special Issue ) and how to progress it beyond existing studies with newly…”