The omnipresence of the state and its effect on the internationalization of companies: The Russian variety of state capitalism

IF 5.9 2区管理学 Q1 MANAGEMENT

Journal of International Management Pub Date : 2024-05-18 DOI:10.1016/j.intman.2024.101154

Daria Klishevich , Andrei Panibratov

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Abstract

State capitalism has been a growing phenomenon since the early 2010s. This is especially the case in emerging markets, in which the state plays a viable and strong role. As it has become particularly prominent due to the international activities of stateowned enterprises (SOEs), state capitalism has been widely discussed in the international business literature. Scholars have emphasized the need to explore the various kinds of state capitalism and to advance our knowledge of its influence on the international activities of firms, beyond that it exerts on SOEs. We proposed the concept of state capitalism as embodied by an omnipresent state that influences the internationalization of both state-owned and private firms. Integrating institutional theory and agency theory, we examined the international activities of Russian SOEs and private firms over the 2013-2018 period and found state ownership and political connections to be the two mechanisms by which state capitalism in Russia can negatively affect the internationalization activities of Russian firms.

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国家无所不在及其对企业国际化的影响：俄罗斯的各种国家资本主义

摘要自 2010 年代初以来，国家资本主义现象日益增多。尤其是在新兴市场，国家在其中发挥着可行且强大的作用。由于国有企业（SOE）的国际活动使国家资本主义变得尤为突出，国际商业文献对其进行了广泛讨论。学者们强调有必要探讨各种类型的国家资本主义，并进一步了解国家资本主义对企业国际活动的影响，而不仅仅是对国有企业的影响。我们提出了 "国家资本主义 "的概念，即国家无处不在，既影响国有企业的国际化，也影响私营企业的国际化。结合制度理论和代理理论，我们考察了 2013-2018 年间俄罗斯国有企业和私营企业的国际活动，发现国家所有权和政治联系是俄罗斯国家资本主义对俄罗斯企业国际化活动产生负面影响的两种机制。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Management MANAGEMENT-

自引率

9.80%

发文量

审稿时长

81 days

期刊介绍： The Journal of International Management is devoted to advancing an understanding of issues in the management of global enterprises, global management theory, and practice; and providing theoretical and managerial implications useful for the further development of research. It is designed to serve an audience of academic researchers and educators, as well as business professionals, by publishing both theoretical and empirical research relating to international management and strategy issues. JIM publishes theoretical and empirical research addressing international business strategy, comparative and cross-cultural management, risk management, organizational behavior, and human resource management, among others.