State-Owned Enterprises as Institutional Actors in Contemporary Capitalism and Beyond (Hardcover) (ISBN-13: 9781009474108)

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.'

Author: Olivier Butzbach, Douglas B. Fuller, Gerhard Schnyder
ISBN-10: 1009474103
ISBN-13: 9781009474108
Publisher: Cambridge University Press
Language: English
Published: 02/06/2025
Pages: 94
Format: Hardcover
Weight: 0.66lbs
Size: 9.00h x 6.00w x 0.25d