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State capitalism in international context: Varieties and variations

Author

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

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.

Suggested Citation

  • Wright, Mike & Wood, Geoffrey & Musacchio, Aldo & Okhmatovskiy, Ilya & Grosman, Anna & Doh, Jonathan P., 2021. "State capitalism in international context: Varieties and variations," Journal of World Business, Elsevier, vol. 56(2).
    • Handle: RePEc:eee:worbus:v:56:y:2021:i:2:s1090951620300882
    DOI: 10.1016/j.jwb.2020.101160
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    Citations

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    Cited by:

    1. Svetlana V. Ratner & Svetlana A. Balashova & Andrey V. Lychev, 2022. "The Efficiency of National Innovation Systems in Post-Soviet Countries: DEA-Based Approach," Mathematics, MDPI, vol. 10(19), pages 1-23, October.
    2. Wood, Geoffrey & Pereira, Vijay & Temouri, Yama & Wilkinson, Adrian, 2021. "Exploring and investigating sustainable international business practices by MNEs in emerging markets," International Business Review, Elsevier, vol. 30(5).
    3. Mike W. Peng & Joyce C. Wang & Nishant Kathuria & Jia Shen & Miranda J. Welbourne Eleazar, 2023. "Toward an institution-based paradigm," Asia Pacific Journal of Management, Springer, vol. 40(2), pages 353-382, June.
    4. Kahiya, Eldrede T., 2024. "A problematization review of export assistance: Debates and future directions," International Business Review, Elsevier, vol. 33(1).
    5. Joyce C. Wang & Jingtao Yi & Xiuping Zhang & Mike W. Peng, 2022. "Pyramidal Ownership and SOE Innovation," Journal of Management Studies, Wiley Blackwell, vol. 59(7), pages 1839-1868, November.
    6. Asmund Rygh & Gabriel R. G. Benito, 2022. "Governmental goals and the international strategies of state-owned multinational enterprises: a conceptual discussion," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(4), pages 1155-1181, December.
    7. Nelozhin, Sergei, 2023. "Russia Today: does it real to turn to the path of progress?," MPRA Paper 119403, University Library of Munich, Germany, revised 08 Dec 2023.
    8. Amankwah-Amoah, Joseph & Khan, Zaheer & Wood, Geoffrey & Knight, Gary, 2021. "COVID-19 and digitalization: The great acceleration," Journal of Business Research, Elsevier, vol. 136(C), pages 602-611.
    9. Huang, Dongdong & Tsui-Auch, Lai Si & Dieleman, Marleen & Gomulya, David, 2024. "Politically connected EMNCs in a (de)globalising world: A review and future research directions," International Business Review, Elsevier, vol. 33(3).
    10. Helder Marcos Freitas Pereira & Maria Sylvia Macchione Saes, 2022. "Government Support and Institutions’ Intermediation throughout Companies’ Adaptation to the COVID-19 Crisis," Sustainability, MDPI, vol. 14(9), pages 1-16, May.
    11. Matthew M. C. Allen & Geoffrey Wood & Mehmet Demirbag, 2022. "Developing theoretically informed typologies in international business: Why we need them, and how to do it," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(9), pages 2133-2146, December.
    12. Ricz, Judit & Sallai, Dorottya & Sass, Magdolna, 2023. "The role of the state in shaping the internationalization of firms in the twenty-first century," LSE Research Online Documents on Economics 121380, London School of Economics and Political Science, LSE Library.
    13. Alvaro Cuervo-Cazurra & Anna Grosman & William L. Megginson, 2023. "A review of the internationalization of state-owned firms and sovereign wealth funds: Governments’ nonbusiness objectives and discreet power," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(1), pages 78-106, February.
    14. Xiao, Shufeng & Yu, Tianjiao, 2024. "Underperformance duration and R&D internationalization: Institutional contingencies in an emerging economy," International Business Review, Elsevier, vol. 33(4).
    15. Anna Grosman & Gerhard Schnyder & Alvaro Cuervo-Cazurra & Ilya Okhmatovskiy & Geoffrey T. Wood, 2023. "Rethinking State Capitalism: A Cross-Disciplinary Perspective on the State’s Role in the Economy," Annals of Corporate Governance, now publishers, vol. 7(4), pages 252-328, August.
    16. Wu, Lichao & Wei, Yingqi & Wang, Chengang & McDonald, Frank & Han, Xia, 2022. "The importance of institutional and financial resources for export performance associated with technological innovation," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    17. Olivier Bertrand & Marie-Ann Betschinger, 2024. "Exploring the relationship between development aid and FDI from developed countries in developing countries: empirical insights from Japanese firm-level data," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(6), pages 782-795, August.

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