What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities.

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

In this paper, we conduct a conceptual and bibliographic analysis of the literature that deals with the international strategy of state-owned enterprises (SOEs), with particular attention to SOEs from emerging economies (EEs). We first review the state of the art in defining the concepts of EEs and SOEs. We then conduct a detailed bibliographic analysis of the literature pertaining to SOEs’ involvement in international activities, whether as outward foreign investors or as potential local partners of inward-investing multinational enterprises. The analysis covers general trends in the literature, prominent research questions and outcome variables, use of theories, and choices pertaining to methodology (type of research and effects, empirical contexts). We document a literature that is fast-growing and well balanced in some respects. In other respects we advance recommendations pertaining to (a) consistency and precision in the use of the concepts of “state-owned enterprise” and “emerging economy”; (b) search for specific evidence on the outward activities of EE SOEs in less-developed economies and even in other EEs, and on their performance; (c) understanding of relative propensities of local SOEs and inward investors to collaborate, and what happens when SOEs encounter each other across borders; (d) opportunities to strengthen the theoretical foundations and contributions of this research; and (e) minding the mix of home and host countries in studies and avoiding undue generalization from what has become a predominantly China-centric literature.
Original languageEnglish
Title of host publicationAdvances in International Management
Subtitle of host publicationEmerging Economies and Multinational Enterprises
EditorsLaszlo Tihanyi, Elitsa R. Banalieva, Timothy M. Devinney, Torben Pedersen
Place of PublicationBingley, UK
PublisherEmerald
Pages403-439
Number of pages37
Volume28
ISBN (Electronic)978-1-78441-739-0
ISBN (Print)978-1-78441-740-6
Publication statusPublished - 2015

Fingerprint

Multinationals
Emerging economies
State-owned enterprises
Investing
Foreign investors
Investors
International strategy
China
Methodology
Multinational enterprises
Home country
Host country
Propensity

Keywords

  • State-owned enterprises
  • Emerging economies
  • International strategy
  • International business theory
  • Foreign direct investment
  • China

Cite this

Martin, X., & Li, C. (2015). What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities. In L. Tihanyi, E. R. Banalieva, T. M. Devinney, & T. Pedersen (Eds.), Advances in International Management: Emerging Economies and Multinational Enterprises (Vol. 28, pp. 403-439). Bingley, UK: Emerald.
Martin, Xavier ; Li, Cha. / What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities. Advances in International Management: Emerging Economies and Multinational Enterprises. editor / Laszlo Tihanyi ; Elitsa R. Banalieva ; Timothy M. Devinney ; Torben Pedersen. Vol. 28 Bingley, UK : Emerald, 2015. pp. 403-439
@inbook{9aecbeb2f1bb456fb6b8f3676655265d,
title = "What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities.",
abstract = "In this paper, we conduct a conceptual and bibliographic analysis of the literature that deals with the international strategy of state-owned enterprises (SOEs), with particular attention to SOEs from emerging economies (EEs). We first review the state of the art in defining the concepts of EEs and SOEs. We then conduct a detailed bibliographic analysis of the literature pertaining to SOEs’ involvement in international activities, whether as outward foreign investors or as potential local partners of inward-investing multinational enterprises. The analysis covers general trends in the literature, prominent research questions and outcome variables, use of theories, and choices pertaining to methodology (type of research and effects, empirical contexts). We document a literature that is fast-growing and well balanced in some respects. In other respects we advance recommendations pertaining to (a) consistency and precision in the use of the concepts of “state-owned enterprise” and “emerging economy”; (b) search for specific evidence on the outward activities of EE SOEs in less-developed economies and even in other EEs, and on their performance; (c) understanding of relative propensities of local SOEs and inward investors to collaborate, and what happens when SOEs encounter each other across borders; (d) opportunities to strengthen the theoretical foundations and contributions of this research; and (e) minding the mix of home and host countries in studies and avoiding undue generalization from what has become a predominantly China-centric literature.",
keywords = "State-owned enterprises, Emerging economies, International strategy, International business theory, Foreign direct investment, China",
author = "Xavier Martin and Cha Li",
note = "Martin, Xavier, & Cha Li, “What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities.” Advances in International Management (Laszlo Tihanyi, Elitsa R. Banalieva, Timothy M. Devinney, & Torben Pedersen, editors), volume 28, pp. 403-439. Bingley, UK: Emerald, 2015.",
year = "2015",
language = "English",
isbn = "978-1-78441-740-6",
volume = "28",
pages = "403--439",
editor = "Laszlo Tihanyi and Banalieva, {Elitsa R.} and Devinney, { Timothy M.} and Torben Pedersen",
booktitle = "Advances in International Management",
publisher = "Emerald",

}

Martin, X & Li, C 2015, What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities. in L Tihanyi, ER Banalieva, TM Devinney & T Pedersen (eds), Advances in International Management: Emerging Economies and Multinational Enterprises. vol. 28, Emerald, Bingley, UK, pp. 403-439.

What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities. / Martin, Xavier; Li, Cha.

Advances in International Management: Emerging Economies and Multinational Enterprises. ed. / Laszlo Tihanyi; Elitsa R. Banalieva; Timothy M. Devinney; Torben Pedersen. Vol. 28 Bingley, UK : Emerald, 2015. p. 403-439.

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

TY - CHAP

T1 - What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities.

AU - Martin, Xavier

AU - Li, Cha

N1 - Martin, Xavier, & Cha Li, “What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities.” Advances in International Management (Laszlo Tihanyi, Elitsa R. Banalieva, Timothy M. Devinney, & Torben Pedersen, editors), volume 28, pp. 403-439. Bingley, UK: Emerald, 2015.

PY - 2015

Y1 - 2015

N2 - In this paper, we conduct a conceptual and bibliographic analysis of the literature that deals with the international strategy of state-owned enterprises (SOEs), with particular attention to SOEs from emerging economies (EEs). We first review the state of the art in defining the concepts of EEs and SOEs. We then conduct a detailed bibliographic analysis of the literature pertaining to SOEs’ involvement in international activities, whether as outward foreign investors or as potential local partners of inward-investing multinational enterprises. The analysis covers general trends in the literature, prominent research questions and outcome variables, use of theories, and choices pertaining to methodology (type of research and effects, empirical contexts). We document a literature that is fast-growing and well balanced in some respects. In other respects we advance recommendations pertaining to (a) consistency and precision in the use of the concepts of “state-owned enterprise” and “emerging economy”; (b) search for specific evidence on the outward activities of EE SOEs in less-developed economies and even in other EEs, and on their performance; (c) understanding of relative propensities of local SOEs and inward investors to collaborate, and what happens when SOEs encounter each other across borders; (d) opportunities to strengthen the theoretical foundations and contributions of this research; and (e) minding the mix of home and host countries in studies and avoiding undue generalization from what has become a predominantly China-centric literature.

AB - In this paper, we conduct a conceptual and bibliographic analysis of the literature that deals with the international strategy of state-owned enterprises (SOEs), with particular attention to SOEs from emerging economies (EEs). We first review the state of the art in defining the concepts of EEs and SOEs. We then conduct a detailed bibliographic analysis of the literature pertaining to SOEs’ involvement in international activities, whether as outward foreign investors or as potential local partners of inward-investing multinational enterprises. The analysis covers general trends in the literature, prominent research questions and outcome variables, use of theories, and choices pertaining to methodology (type of research and effects, empirical contexts). We document a literature that is fast-growing and well balanced in some respects. In other respects we advance recommendations pertaining to (a) consistency and precision in the use of the concepts of “state-owned enterprise” and “emerging economy”; (b) search for specific evidence on the outward activities of EE SOEs in less-developed economies and even in other EEs, and on their performance; (c) understanding of relative propensities of local SOEs and inward investors to collaborate, and what happens when SOEs encounter each other across borders; (d) opportunities to strengthen the theoretical foundations and contributions of this research; and (e) minding the mix of home and host countries in studies and avoiding undue generalization from what has become a predominantly China-centric literature.

KW - State-owned enterprises

KW - Emerging economies

KW - International strategy

KW - International business theory

KW - Foreign direct investment

KW - China

M3 - Chapter

SN - 978-1-78441-740-6

VL - 28

SP - 403

EP - 439

BT - Advances in International Management

A2 - Tihanyi, Laszlo

A2 - Banalieva, Elitsa R.

A2 - Devinney, Timothy M.

A2 - Pedersen, Torben

PB - Emerald

CY - Bingley, UK

ER -

Martin X, Li C. What do we know about state-owned emerging-economy firms, and how? Evaluating literature about inward and outward multinational activities. In Tihanyi L, Banalieva ER, Devinney TM, Pedersen T, editors, Advances in International Management: Emerging Economies and Multinational Enterprises. Vol. 28. Bingley, UK: Emerald. 2015. p. 403-439