Organizer: Anna Grosman, Advanced Institute of Management Research and Aston Business School, UK
Organizer: Ilya Okhmatovskiy, McGill U.
Organizer: Mike Wright, Imperial College London
Speaker: Sergio Giovanetti Lazzarini, Insper Institute of Education and Research
Speaker: Pei Sun, Fudan U.
Distinguished Speaker: Alvaro Cuervo-Cazurra, Northeastern U.
|
| In this PDW, we attract attention to a model of market capitalism in which the state itself is an important market player. The term “state capitalism” is used to refer primarily to state-owned enterprises competing with privately-owned companies on an unlevel playing field. More recently, though, state capitalism has evolved and now includes more sophisticated and subtle means of state involvement, which we call “state capitalism 2.0.” We explore common forms in which this new state capitalism has manifested itself in both developed and emerging economies, and detail implications for international business and governance research in terms of both theory building and empirical studies. We consider the following emerging streams of research on state capitalism: sovereign wealth funds, state-owned MNCs, state-business networks, and the evolution of state control in several countries with varied experience of state capitalism. In each stream, we elaborate on conceptual contributions to the debate and available data sources. With this workshop, we aim to help international business and governance scholars further develop their research agendas on state capitalism. The workshop is divided into two parts: the first will comprise presentations by prominent scholars in the field of state capitalism and the second will be dedicated to roundtable discussions of research themes. |