The Oxford Handbook of State Capitalism and the Firm

by Wright, Mike; Wood, Geoffrey T.; Cuervo-Cazurra, Alvaro; Sun, Pei; Okhmatovskiy, Ilya; Grosman, Anna

• ISBN13: 9780198837367
• ISBN10: 0198837364
• Format: Hardcover
• Copyright: 2022-10-21
• Publisher: Oxford University Press

Author Biography

Mike Wright, late Professor of Entrepreneurship, Imperial College London,Geoffrey T. Wood, DanCap Private Equity Chair and Professor, Western University,Alvaro Cuervo-Cazurra, Professor of International Business and Strategy, Northeastern University,Pei Sun, Chair of International Business,
University of Manchester,Ilya Okhmatovskiy, Associate Professor, Universidade Nova de Lisboa,Anna Grosman, Associate Professor, Loughborough University

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. Wright was also Director of the Centre for
Management Buy-out Research, the first centre to be established devoted to the study of private equity and buyouts, which was founded in March 1986 at the Nottingham University. Wright has published around 1300 pieces of work according to Google Scholar, including 40 books and around 400 articles in
scholarly journals on entrepreneurship, management buy-outs, venture capital, emerging markets, and strategy. Wright was a Fellow of the British Academy, Academy of Social Sciences and The British Academy of Management. Wright made an outstanding contribution to the business and management research
community and was one of Britain's best-known academics.

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/co-authored/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 centre 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 is a Professor of International Business and Strategy at Northeastern University and co-editor 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 Ph.D. from the Massachusetts Institute of Technology.

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 society at large. 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 serves as a senior editor of Asia Pacific Journal of Management and an associate editor of British
Journal of Management.


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 Ph.D. 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 currently serves as Senior Editor for Management and Organization Review.


Anna Grosman (Ph. D. Imperial College) is Associate Professor in Innovation and Entrepreneurship at Loughborough University London. Her research falls at the intersection of corporate governance, corporate finance and international business, with special emphasis on contemporary state capitalism,
and corporate governance issues of state-affiliated organisations, and Russia. She has published on state capitalism and corporate governance in journals such as the Journal of World Business, Corporate Governance: An International Review, Journal of Comparative Economics and Economic Modelling,
among others. Anna is also on the editorial board of the Journal of World Business. 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 4 years. Before that engagement, she worked for six years in
investment banking and corporate finance for CIBC World Markets, Citigroup, and Close Brothers.

Table of Contents

Part I. THE HISTORY AND LOGICS OF STATE CAPITALISM
1. State Capitalism and the Firm: An Overview, Mike Wright, Geoffrey T. Wood, Alvaro Cuervo-Cazurra, Pei Sun, Ilya Okhmatovskiy, and Anna Grosman
2. Mike Wright, Geoffrey T. Wood, Alvaro Cuervo-Cazurra, Pei Sun, Ilya Okhmatovskiy, and Anna Grosman, Robert Boyer
3. The Origins of the Developmental State: The European Experience, Sophus A. Reinert
4. State Capitalism: Means and Dimensions, Matthew M. C. Allen, Geoffrey T. Wood, Matthew R. Keller
5. State Logic and Governance: A Taxonomy, State Logic and Governance: A Taxonomy
Part II. STATE CAPITALISM AND FINANCE
6. State Ownership and Corporate Performance, William L. Megginson and Xia (Summer) Liu
7. Sovereign Wealth Funds, Christine Bischoff and Geoffrey T. Wood
8. State-owned Development Banks, Aldo Musacchio, Sergio Lazzarini, Pedro Makhoul and Emily Simmons
9. State Capitalism and the Financial Crisis, John L. Campbell
10. State Ownership and Project Financing, Barclay E. James and Paul M. Vaaler
11. Government Venture Capital Programs, Douglas Cumming, Sofia Johan, and Minjie Zhang
PART III. STATE CAPITALISM AND INTERNATIONAL BUSINESS
12. The Internationalization of State-owned Firms: Within Country Drivers, Alvaro Cuervo-Cazurra and Cheng Li
13. State Capitalism and Diplomacy, Xia Han and Xiaohui Liu
PART IV. STATE CAPITALISM, LAW AND DEVELOPMENT
14. Industrial Policy, ?ukasz Mamica and Wilfred Dolfsma
15. State Capitalism and the Law, Yong-Shik Lee
16. The State as a Facilitator of Innovation, Yong Wang and Xiuping Hua
17. State Capitalism and Big Data, Anupriya Misra and Vania Sena
PART V. STATE CAPITALISM AND PUBLIC ADMINISTRATION
18. Outsourcing State Functions, Amanda M. Girth
19. Public-Private Partnerships, James Foreman-Peck
20. Hybrid Governance of State-owned Enterprises, Ilya Okhmatovskiy, Anna Grosman and Pei Sun
Part VI. STATE CAPITALISM: CORPORATE SOCIAL RESPONSIBILITY AND CORPORATE POLITICAL ACTIVITY
21. State Capitalism and Corporate Social Responsibility: A Comparative Typology, Alan Brejnholt, Gerhard Schnyder, Jukka Rintamaki and Luda Svystunova
22. State Capitalism and Corporate Social Responsibility: State Influence on the Firm, Jiyang Dong and Xiaowei Rose Luo
23. Corporate Political Ties and State Capitalism, Renfei Gao, Pei Sun, Anna Grosman and Ilya Okhmatovskiy
PART VII. STATE CAPITALISM: COUNTRY AND REGIONAL ANALYSES AFRICA
24. State Capitalism in Sub-Saharan Africa, Lucien van der Walt, Gilton Klerck and Kirk Helliker
25. State Capitalism in the Middle East, Yusuf M. Sidani
AMERICAS
26. State Capitalism in Latin America, Rodrigo B. DeMello
27. State Capitalism in the United States: Development Finance State, Robert Hockett and Saule Omarova
28. State Capitalism in the United States: The Military and Prison Industrial Complexes, Daniel D'Amico
29. State Capitalism is Capitalism in Canada, Heather Whiteside
ASIA
30. State Capitalism in East Asia, Richard Carney and Krislert Samphantharak
31. State Capitalism in India, Rohit Chandra and Elizabeth Chatterjee
EUROPE
32. State Capitalism in Western Europe, Andrea Colli
33. State Capitalism in Poland and Hungary: Populist Varieties, Maciej Baltowski, Piotr Kozarzewski and Tomasz Mickiewicz
34. State Capitalism in Russia, Satoshi Mizobata and Hiroaki Hayashi