We study how state ownership affects the international expansion of emerging-market firms. Building on agency theory and the resource-based view, we propose an S-curve relationship: Firms with a low level of state ownership have a limited level of international expansion, those with a medium...

This book provides a deep understanding of state-owned multinationals (SOMNCs) and their role in global business. SOMNCs have emerged as a force to contend with in global competition, and their study connects several fields such as economics, political economy, international business and global...

We explain how the analysis of state-owned multinational companies (SOMNCs) can help extend the literature in two ways. First, we cross-fertilize the international business (IB) and state-owned enterprise (SOE) literatures in their analysis of foreign investment behavior and introduce two...