Ricerc@Sapienza

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

The recent financial crisis highlights the weaknesses of the traditional measures of risk in the banking sector, as Banking Authorities have missed considering the behavioural aspect of the risk culture, which is an essential tool for the value creation process of risk management (Financial Stability Board, 2014; Carretta et al., 2015; Schwizer, 2013; Guiso, Sapienza and Zingales, 2015), usually measured using the survey method.