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Dear Friends and Colleagues,

I have curated a list of articles on State-Owned Multinationals that appeared in Journal of International Business Studies.  If you are interested in the topic, you can download the articles by going to the webpage of JIBS (http://www.springer.com/business+%26+management/journal/41267), clicking on the tab "Collections" that appears on the right-hand side, and clicking on the articles.

I hope you enjoy reading them!

Best wishes,

Alvaro

State Owned Multinationals: A JIBS Collection
State-owned multinationals (SOMNCs) have been recently rediscovered as an interesting type of firm to study, one that challenges some of the arguments of the theories of the multinational. In the 1970s, the initial studies of state-owned firms focused on understanding the logic and internationalization of these companies. However, the implementation of pro-market reforms throughout most of the world in the 1980s and 1990s led to the privatization of many state-owned firms and a diminishing interest in SOMNCs. In the late 2000s, however, there was resurgence of interest on the topic, partly because of the rapid expansion of a new set of emerging market multinationals, some of which were state-owned, and partly because of the appearance of various types of state-owned firms (majority, minority, indirect, sovereign wealth funds, etc.) that had not been studied before.
The study of state-owned multinationals connects several fields  economics and political economy and their study of state ownership of firms, and international business and its study of the internationalization of firms  that can provide new insights via cross-fertilization. These firms pose interesting challenges to the usual explanations for the existence of state-owned firms: one is rooted in economics and explains the existence of state-owned firms as a solution to market imperfections, and another in rooted in political economy and explains the existence of these firms as a result of the ideology of some governments in maintaining control over the economy. Foreign direct investments by state-owned firms seem to challenge both arguments, providing the foundation for developing new insights by analyzing these firms. Moreover, the state ownership of SOMNCs also poses challenges to the usual explanations of the behavior of multinational companies in international business, given that the government may impose non-business objectives on the companies that result in unusual patterns of internationalization not well explained in theories of the multinational.
As a result of the rediscovery of SOMNCs as an interesting research topic, and in view of the changes in the types of influence of the state on firms, we recently organized a special issue of JIBS on state-owned multinationals. This collection of JIBS articles complements that special issue by providing additional background for those interested in going deeper in the topic, with the articles presented in chronological order to facilitate a better understanding of how the study of SOMNCs has progressed.
Organising Editor: Alvaro Cuervo-Cazurra, Reviewing Editor, Journal of International Business Studies

  *   Raymond Vernon: The International Aspects of State-Owned Enterprises<http://dx.doi.org/10.1057/palgrave.jibs.8490790>
  *
<http://dx.doi.org/10.1057/palgrave.jibs.8490640>
  *   Renato Mazzolini: European Government-Controlled Enterprises: Explaining International Strategic and Policy Decisions<http://dx.doi.org/10.1057/palgrave.jibs.8490640>
  *
<http://dx.doi.org/10.1057/palgrave.jibs.8490595>
  *   Renato Mazzolini: European Government-Controlled Enterprises: An Organizational Political View<http://dx.doi.org/10.1057/palgrave.jibs.8490595>
  *
<http://dx.doi.org/10.1057/jibs.2012.18>
  *   Chengqi Wang, Junjie Hong, Mario Kafouros and Mike Wright: Exploring the role of government involvement in outward FDI from emerging economies<http://dx.doi.org/10.1057/jibs.2012.18>
  *
<http://dx.doi.org/10.1057/jibs.2012.1>
  *   Lin Cui and Fuming Jiang: State ownership effect on firms' FDI ownership decisions under institutional pressure: a study of Chinese outward-investing firms<http://dx.doi.org/10.1057/jibs.2012.1>
  *
<http://dx.doi.org/10.1057/jibs.2014.43>
  *   Alvaro Cuervo-Cazurra, Andrew Inkpen, Aldo Musacchio & Kannan Ramaswamy:Governments as owners: State-owned multinational companies<http://dx.doi.org/10.1057/jibs.2014.43>
  *
<http://dx.doi.org/10.1057/jibs.2014.20>
  *   Prithwiraj Choudhury & Tarun Khanna: Toward resource independence  Why state-owned entities become multinationals: An empirical study of India's public R&D laboratories<http://dx.doi.org/10.1057/jibs.2014.20>
  *
<http://dx.doi.org/10.1057/jibs.2014.28>
  *   A Erin Bass & Subrata Chakrabarty: Resource security: Competition for global resources, strategic intent, and governments as owners<http://dx.doi.org/10.1057/jibs.2014.28>
  *
<http://dx.doi.org/10.1057/jibs.2014.14>
  *   Ming Hua Li, Lin Cui & Jiangyong Lu: Varieties in state capitalism: Outward FDI strategies of central and local state-owned enterprises from emerging economy countries<http://dx.doi.org/10.1057/jibs.2014.14>
  *
<http://dx.doi.org/10.1057/jibs.2014.15>
  *   Klaus E Meyer, Yuan Ding, Jing Li & Hua Zhang: Overcoming distrust: How state-owned enterprises adapt their foreign entries to institutional pressures abroad<http://dx.doi.org/10.1057/jibs.2014.15>
  *
<http://dx.doi.org/10.1057/jibs.2014.27>
  *   Yigang Pan, Lefa Teng, Atipol Bhanich Supapol, Xiongwen Lu, Dan Huang & Zhennan Wang: Firms' FDI ownership: The influence of government ownership and legislative connections<http://dx.doi.org/10.1057/jibs.2014.27>
  *
<http://dx.doi.org/10.1057/jibs.2014.16>
  *   Jing-Lin Duanmu: State-owned MNCs and host country expropriation risk: The role of home state soft power and economic gunboat diplomacy<http://dx.doi.org/10.1057/jibs.2014.16>



Alvaro CUERVO-CAZURRA, Ph.D.
Professor of International Business and Strategy
Lloyd Mullen Research Fellow
Co-Editor (incoming), Global Strategy Journal
Immediate Past Chair, International Management Division, Academy of Management

Northeastern University, D'Amore-McKim School of Business
313 Hayden Hall, 360 Huntington Avenue, Boston, MA 02115, USA
Phone 1.617.373.6568,   Fax 1.617.373.8628
[log in to unmask],   www.cuervo-cazurra.com

Latest articles:
Controls in International Business, Journal of International Business Studies. http://link.springer.com/article/10.1057/s41267-016-0005-4/fulltext.html
Corruption in International Business, Journal of World Business. http://www.sciencedirect.com/science/article/pii/S1090951615000681
Multilatinas. Journal of Business Research. <http://www.sciencedirect.com/science/article/pii/S0148296315005810> http://authors.elsevier.com/a/1SlMmXj-jBMjo
The coevolution of pro-market reforms and emerging market multinationals. Advances in International Management.  http://www.emeraldinsight.com/doi/full/10.1108/S1571-502720150000028007

Books:
Emerging Market Multinationals: Managing Operational Challenges for Sustained International Growth. http://www.amazon.com/Emerging-Market-Multinationals-Operational-International/dp/1107073146/ref=sr_1_1?s=books&ie=UTF8&qid=1458691130&sr=1-1
Understanding Multinationals from Emerging Markets. Cambridge University Press. <http://www.cambridge.org/us/academic/subjects/management/international-business/understanding-multinationals-emerging-markets> http://www.amazon.com/Understanding-Multinationals-Emerging-Markets-Cuervo-Cazurra/dp/1107698324/ref=sr_1_2?s=books&ie=UTF8&qid=1458691130&sr=1-2




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