State ownership, political ideology, and firm performance around the world
作者： Ruth Aguilera , Patricio Duran , P.P.M.A.R. Heugens , Steve Sauerwald , Roxana Turturea
DOI: 10.1016/J.JWB.2020.101113
关键词: Economics 、 Constraint (mathematics) 、 Ideology 、 Stylized fact 、 State ownership 、 State capitalism 、 Political economy 、 State (polity) 、 Government 、 Politics
摘要: Abstract It is often taken as a stylized fact that state ownership harms the financial performance of firms. Yet we show this relationship varies greatly across national contexts. We argue political ideology government, both independently and in conjunction with institutions (state capacity constraint), affects relationship. test our hypotheses using meta-analytical techniques on an international sample spanning 53 years 131 countries. Our research sheds further light – firm by highlighting role its interactions institutions.
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