New varieties of state capitalism: Strategic and governance implications

Aldo Musacchio, Sergio G. Lazzarini, Ruth V. Aguilera

    Producció científica: Article en revista indexadaArticleAvaluat per experts

    279 Cites (Scopus)


    We analyze the new varieties of state capitalism in the 21st century and explore their implications in terms of both strategic and governance outcomes. We begin by discussing how the current theoretical perspectives conceptualize state-owned enterprises' strategic behavior. Then we introduce a stylized distinction between four broad, new varieties of state capitalism - wholly owned state-owned enterprises, the state as a majority investor, the state as a minority investor, and the state as a strategic supporter of specific sectors - and survey each type within the different theoretical perspectives. Last, we examine firm performance for each type of state capitalism relative to private firms and contingent on country-level institutional contingencies. This article contributes to existing debates on comparative capitalisms and the current role of the state.

    Idioma originalAnglès
    Pàgines (de-a)115-131
    Nombre de pàgines17
    RevistaAcademy of Management Perspectives
    Estat de la publicacióPublicada - 1 de febr. 2015


    Navegar pels temes de recerca de 'New varieties of state capitalism: Strategic and governance implications'. Junts formen un fingerprint únic.

    Com citar-ho