State capitalism in international context: Varieties and variations

Mike Wright; Geoffrey Wood; Aldo Musacchio; Ilya Okhmatovskiy; Anna Grosman; Jonathan P. Doh

doi:10.1016/j.jwb.2020.101160

State capitalism in international context: Varieties and variations

Mike Wright, Geoffrey Wood, Aldo Musacchio, Ilya Okhmatovskiy, Anna Grosman, Jonathan P. Doh

Management

Research output: Contribution to journal › Review article › peer-review

85 Citations (SciVal)

Abstract

State interventions in markets assume varieties of forms in different economic systems. To capture this variety, we consider state capitalism as a multidimensional concept, first reviewing its historical evolution from both practical and scholarly vantages. We describe several dimensions of state capitalism and demonstrate how cross-national variations can be captured through positioning countries along these dimensions. We use cross-sectional data for a large sample of countries to derive factors that represent key dimensions of state capitalism. We demonstrate how cross-national and historical variation in state capitalism is captured by this Virtual Special Issue and offer suggestions for future research.

Original language	English
Article number	101160
Journal	Journal of World Business
Volume	56
Issue number	2
Early online date	20 Nov 2020
DOIs	https://doi.org/10.1016/j.jwb.2020.101160
Publication status	Published - 28 Feb 2021

Bibliographical note

Funding Information:
This article benefited from constructive feedback by Ajai Gaur, Editor-in-Chief, and two anonymous reviewers. We are also grateful for comments and suggestions to Alan Brejnholt, Anthony Brown, Jukka Rintamaki, Louise Scholes, Luda Svystunova, Justin Tumlinson, the participants of the Strategic Management Society (SMS) Conference Extension on State Capitalism in 2018, and the Academy of International Business (AIB) conference in 2020. Anna Grosman acknowledges funding by the Society for the Advancement of Management Studies, http://www.socadms.org.uk/.

Funding Information:
This article benefited from constructive feedback by Ajai Gaur, Editor-in-Chief, and two anonymous reviewers. We are also grateful for comments and suggestions to Alan Brejnholt, Anthony Brown, Jukka Rintamaki, Louise Scholes, Luda Svystunova, Justin Tumlinson, the participants of the Strategic Management Society (SMS) Conference Extension on State Capitalism in 2018, and the Academy of International Business (AIB) conference in 2020. Anna Grosman acknowledges funding by the Society for the Advancement of Management Studies, http://www.socadms.org.uk/ .

Publisher Copyright:
© 2020

Funding

This article benefited from constructive feedback by Ajai Gaur, Editor-in-Chief, and two anonymous reviewers. We are also grateful for comments and suggestions to Alan Brejnholt, Anthony Brown, Jukka Rintamaki, Louise Scholes, Luda Svystunova, Justin Tumlinson, the participants of the Strategic Management Society (SMS) Conference Extension on State Capitalism in 2018, and the Academy of International Business (AIB) conference in 2020. Anna Grosman acknowledges funding by the Society for the Advancement of Management Studies, http://www.socadms.org.uk/. This article benefited from constructive feedback by Ajai Gaur, Editor-in-Chief, and two anonymous reviewers. We are also grateful for comments and suggestions to Alan Brejnholt, Anthony Brown, Jukka Rintamaki, Louise Scholes, Luda Svystunova, Justin Tumlinson, the participants of the Strategic Management Society (SMS) Conference Extension on State Capitalism in 2018, and the Academy of International Business (AIB) conference in 2020. Anna Grosman acknowledges funding by the Society for the Advancement of Management Studies, http://www.socadms.org.uk/ .

Keywords

Government
International business
Internationalization
Political ideology
Political institutions
Sovereign wealth funds
State capitalism
State-owned enterprises
State-owned multinationals
Statism

ASJC Scopus subject areas

Business and International Management
Finance
Marketing

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10.1016/j.jwb.2020.101160Licence: CC BY

Cite this

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abstract = "State interventions in markets assume varieties of forms in different economic systems. To capture this variety, we consider state capitalism as a multidimensional concept, first reviewing its historical evolution from both practical and scholarly vantages. We describe several dimensions of state capitalism and demonstrate how cross-national variations can be captured through positioning countries along these dimensions. We use cross-sectional data for a large sample of countries to derive factors that represent key dimensions of state capitalism. We demonstrate how cross-national and historical variation in state capitalism is captured by this Virtual Special Issue and offer suggestions for future research.",

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note = "Funding Information: This article benefited from constructive feedback by Ajai Gaur, Editor-in-Chief, and two anonymous reviewers. We are also grateful for comments and suggestions to Alan Brejnholt, Anthony Brown, Jukka Rintamaki, Louise Scholes, Luda Svystunova, Justin Tumlinson, the participants of the Strategic Management Society (SMS) Conference Extension on State Capitalism in 2018, and the Academy of International Business (AIB) conference in 2020. Anna Grosman acknowledges funding by the Society for the Advancement of Management Studies, http://www.socadms.org.uk/. Funding Information: This article benefited from constructive feedback by Ajai Gaur, Editor-in-Chief, and two anonymous reviewers. We are also grateful for comments and suggestions to Alan Brejnholt, Anthony Brown, Jukka Rintamaki, Louise Scholes, Luda Svystunova, Justin Tumlinson, the participants of the Strategic Management Society (SMS) Conference Extension on State Capitalism in 2018, and the Academy of International Business (AIB) conference in 2020. Anna Grosman acknowledges funding by the Society for the Advancement of Management Studies, http://www.socadms.org.uk/ . Publisher Copyright: {\textcopyright} 2020",

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State capitalism in international context: Varieties and variations

Abstract

Bibliographical note

Funding

Keywords

ASJC Scopus subject areas

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