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The Oxford Handbook of State Capitalism and the Firm

Online ISBN:
9780191874062
Print ISBN:
9780198837367
Publisher:
Oxford University Press
Book

The Oxford Handbook of State Capitalism and the Firm

Mike Wright (ed.),
Mike Wright
(ed.)
Business, Imperial College Business School
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Mike Wright✝ (1952–2019) was Professor of Entrepreneurship at Imperial College Business School. He held an honorary doctorate from the University of Ghent, was a visiting professor at ETH Zurich and INSEAD, and a member of the BCVA’s Advisory Board. Mike Wright was also Director of the Centre for Management Buyout Research, the first center to be established devoted to the study of private equity and buyouts, which was founded in March 1986 at the Nottingham University. Mike has published around 1300 pieces of work according to Google Scholar, including 40 books and around 400 articles in scholarly journals on entrepreneurship, management buyouts, venture capital, emerging markets, and strategy. Mike Wright was a Fellow of the British Academy, Academy of Social Sciences, and The British Academy of Management. Mike Wright made an outstanding contribution to the business and management research community and was one of Britain’s best-known academics. At the time of preparing this volume for publication, Mike’s research was cited over 95,000 times (Google Scholar), and he had an h-index of 148.

Geoffrey T. Wood (ed.),
Geoffrey T. Wood
(ed.)
Management, Western University
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Geoffrey T. Wood is DanCap Private Equity Chair and Head of DAN Management at Western University in Canada, and Visiting Professor at Trinity College, Dublin. Previously, he served as Dean and Professor of International Business, at Essex Business School and before then as Professor of International Business at Warwick Business School, UK. He has authored/coauthored/edited eighteen books, and over one hundred and eighty articles in peer-reviewed journals. He has an h-index of 41, and an i10-index of 163. He holds honorary positions at Griffith and Monash University in Australia. Geoff’s research interests center on the relationship between institutional setting, corporate governance, firm finance, and firm-level work and employment relations. He is a Fellow of the Academy of Social Sciences, and a Fellow of the British Academy of Management, and is also in receipt of an Honorary Doctorate in economics from Aristotle University, Greece.

Alvaro Cuervo-Cazurra (ed.),
Alvaro Cuervo-Cazurra
(ed.)
International Business and Strategy, D'Amore-McKim School of Business at Northeastern University
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Alvaro Cuervo-Cazurra is a Professor of International Business and Strategy at Northeastern University and coeditor of Global Strategy Journal. He studies the internationalization of firms, with a special interest in emerging market multinationals; capability upgrading, particularly technological capabilities; and governance issues, focusing on state ownership and corruption in international business. He is a Fellow of the Academy of International Business and was elected to the Executive Committee of the International Management Division at the Academy of Management. He has served as a consultant on global strategy to firms and governments in emerging markets. He received an honorary doctorate from Copenhagen Business School and was awarded a PhD from the Massachusetts Institute of Technology. For more information, please visit www.cuervo-cazurra.com or contact him at [email protected].

Pei Sun (ed.),
Pei Sun
(ed.)
Management, Fudan University
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Pei Sun holds Chair of International Business at Alliance Manchester Business School, University of Manchester, UK. He received his PhD in business economics and strategy from Judge Business School, University of Cambridge. His research interests include corporate governance and nonmarket strategy, with a particular focus on how foreign and domestic firms manage and exploit institutional complexity and changes in emerging economies and how their strategies and corporate governance arrangements impact upon firm outcomes, stakeholders, and wider society. He has published papers in renowned academic journals such as Academy of Management Journal, Academy of Management Perspectives, Journal of International Business Studies, Journal of Management, and Journal of Management Studies. He is an associate editor of British Journal of Management and a guest editor of Journal of Management Studies, and served as a senior editor of Asia Pacific Journal of Management (2019-2021). He serves on the editorial boards of Academy of Management Perspectives, Corporate Governance: An International Review, Journal of International Business Studies, Journal of Management Studies, and Journal of World Business.

Ilya Okhmatovskiy (ed.),
Ilya Okhmatovskiy
(ed.)
Business and Economics, Universidade Nova de Lisboa
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Ilya Okhmatovskiy is Associate Professor at Nova School of Business and Economics, Universidade Nova de Lisboa. Previously he taught at McGill University and at the University of Southern California, where he obtained a PhD degree in business administration. His research interests focus on corporate governance and business-government relations, mostly in the context of emerging economies. He has published in Organization Science, Organization Studies, Journal of Management, Journal of Management Studies, and other journals. Ilya is a member of the Editorial Boards at Corporate Governance: An International Review and Strategic Organization. He served as Guest Editor for the Journal of World Business and as Senior Editor for Management and Organization Review.

Anna Grosman (ed.)
Anna Grosman
(ed.)
Innovation and Entrapreneurship, Loughborough University London
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Anna Grosman, PhD Imperial College, is Reader (US eq. Professor) in Innovation and Entrepreneurship at Loughborough University London. Her research falls at the intersection of corporate governance, corporate finance and international business, with a special emphasis on contemporary state capitalism, and corporate governance issues of state-affiliated organizations, and Russia. She has published on state capitalism and corporate governance in journals such as the Journal of International Business Studies, Journal of World Business, British Journal of Management, Corporate Governance: An International Review, Environment and Planning A: Economy and Space, Journal of Comparative Economics and Economic Modelling, among others. Anna is also on the editorial board of the Journal of World Business, Global Strategy Journal and Annals of Corporate Governance. Prior to her academic career, she worked for the US multinational Georgia-Pacific (part of Koch Industries) as a Director of Corporate Strategy and M&A for four years. Before that engagement, she worked for six years in investment banking and corporate finance for CIBC World Markets, Citigroup, and Close Brothers.

Published online:
19 December 2022
Published in print:
28 July 2022
Online ISBN:
9780191874062
Print ISBN:
9780198837367
Publisher:
Oxford University Press

Abstract

This handbook presents the latest theoretical and applied thinking on state capitalism, i.e., the institutional, policy, and ownership arrangements that reflect the direct influence of the state on the economy and firm behavior. It is a timely volume given the worldwide changes regarding the role of the state in the economy. Starting in the 1980s, there was an apparent process of retrenchment from earlier statism that had dominated most world economies since the 1940s, with state-owned enterprises becoming partially and fully privatized, industries becoming deregulated, and economies becoming liberalized by governments. However, in the 2010s the process saw a reversal, both in advanced economies (with governments regulating industries and nationalizing banks and firms to deal with the aftermath of the Great Recession that started in 2008) and in emerging economies (with governments using domestic firms as extensions of economic policy and supporting the international expansion of state-owned firms). This trend has resulted in new and more complex realities of the influence of the governments on firms. This volume explores the processes through which state capitalism has emerged and is sustained, and what sets new state capitalism apart from the old. State capitalism is approached in this volume through a variety of disciplinary perspectives, including history, political economy, finance, public administration, sociology and law.

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