Does State Ownership Really Matter? The Dynamic Alignment of China’s Resource Environment and Firm Internationalization Strategies

Ren, M., Manning, S., Vavilov, S. 2019. “Does State Ownership Really Matter? The Dynamic Alignment of China’s Resource Environment and Firm Internationalization Strategies”. Journal of International Management, Forthcoming.

47 Pages Posted: 13 Feb 2019

See all articles by Monica Ren

Monica Ren

Macquarie University, Macquarie Business School

Stephan Manning

University of Sussex Business School

Stanislav Vavilov

University of Massachusetts Boston

Date Written: February 4, 2019

Abstract

Recent research suggests that unequal access to home country institutional resources affects firm internationalization strategies. We add to this debate, based on an analysis of state-owned (SOEs) and non-state-owned (NSOEs) Chinese mining firms, by developing a more dynamic and multi-layered understanding of this interplay. We find that home institutional support can be ownership-based or performance-based, whereby the former benefits SOEs and the latter favors high-performing NSOEs. Combined, these support structures serve as institutional control mechanisms in promoting competition, performance and loyalty to national policies. In addition, they establish a permanent link between firm- and home country-specific assets and incentivize firms to develop dynamic resource access capabilities at home and abroad. Our findings inform our understanding of the firms-institutions nexus and Chinese foreign direct investment dynamics, especially in industries of strategic importance to the state.

Keywords: Ownership, China, Mining, Institutions, Internationalization

JEL Classification: J23, J24, J44, J31, M51, M53, M54, L14, L21, L22, L24, L84, O14, R11, P45, P48, F59, F21, F22, F23

Suggested Citation

Ren, Monica and Manning, Stephan and Vavilov, Stanislav, Does State Ownership Really Matter? The Dynamic Alignment of China’s Resource Environment and Firm Internationalization Strategies (February 4, 2019). Ren, M., Manning, S., Vavilov, S. 2019. “Does State Ownership Really Matter? The Dynamic Alignment of China’s Resource Environment and Firm Internationalization Strategies”. Journal of International Management, Forthcoming., Available at SSRN: https://ssrn.com/abstract=3328297 or http://dx.doi.org/10.2139/ssrn.3328297

Monica Ren

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

Stephan Manning (Contact Author)

University of Sussex Business School ( email )

Sussex House
Falmer
Brighton, Sussex BNI 9RH
United Kingdom

Stanislav Vavilov

University of Massachusetts Boston ( email )

100 William T Morrissey Blvd
Boston, MA 02125
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
54
Abstract Views
768
Rank
675,887
PlumX Metrics