State-Owned Enterprises as Institutional Actors in Contemporary Capitalism and Beyond

Erscheinungsjahr 2025
ISBN: 978-1-009-47410-8
Verlag: Cambridge University Press

Buch, Englisch, 94 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 300 g

Reihe: Elements in Reinventing Capitalism

This Element qualifies the common understanding of State-Owned Enterprises (SOEs) as mere instruments of the state and instead conceive of them as economic actors in their own right. Specifically, SOE top management teams have leeway to diverge from goals that the state they are owned by pursues. Through 'institutional work' they can even actively shape the institutional framework in which they are embedded. However, the extent of SOE top management teams' leeway for agency is determined by macro- (country), meso- (State–SOE governance system), and industry-level factors. These factors, in turn, vary from country to country and over time. In other words, SOE agency is 'embedded agency.' Combining institutional work and historical institutionalism analytic lenses, this Element presents a multilevel model to understand embedded agency of top management teams of SOEs in contemporary capitalism. The model adds an important element to our understanding of the 'new state capitalism.'

Autoren/Hrsg.

Butzbach, Olivier

Fuller, Douglas B.

Schnyder, Gerhard

Svystunova, Luda

Inhaltsverzeichnis

Introduction; 1. A multi-level institutional work perspective on SOE agency; 2. The macro environment; 3. The state–soe governance system; 4. Industry characteristics; 5. Combining determinants: an overall framework to account for soes' institutional work; Conclusion; References.