Ricerc@Sapienza

This chapter sheds light on how the internationalization of state-owned enterprises
(SOEs) is jointly influenced by the ownership involvement of the state and
other relational investors and by the home country’s institutional setting. It
integrates international business literature and insights from the theory of
corporate governance into a varieties of capitalism framework. Taking a configurational
perspective, the interdependencies that link the SOE internationalization
to the joint effects of particular combinations of actors and institutions

This article sheds light on how the internationalization of state-owned
enterprises is influenced by the state involvement in ownership and by the
home country’s institutional settings. Integrating international business
literature with the debate on the varieties of capitalism, we contend that
state-dominated enterprises internationalize more (less) than privately owned
enterprises in coordinated (liberal) market economies, whereas they exhibit an
inconstant behavior in state-influenced market economies. Our analysis on a

Research Summary: We investigate when and how a foreign multinational enterprise by acting as a relational co-owner helps the internationalization of hybrid state-owned enterprises. We merge the “liability of stateness” and the “government as strategist” perspectives with an institutional context-based approach. We claim that the effect of multinational enterprise relational co-ownership is contingent on the countries' institutional settings. It is positive at lower levels of both institutional coordination (as a measure of variety of capitalism) and government effectiveness.

This paper is voted to study if cultural/institutional environment among different countries can affect the presence of women on boards. The analysis is focused on a statistical model to observe over the period 2007–2017 (11 years) a cross-sectional sample of MSCI Index-listed companies (476 firms). Grounding on Institutional Theory, we select several variables which represent cultural and institutional contexts in which firms do operate. As per female presence on boards, we collect data from Bloomberg database.