State-Owned Enterprises as Institutional Actors in Contemporary Capitalism and Beyond (Elements in Reinventing Capitalism)

Butzbach, Olivier; Fuller, Douglas B.; Schnyder, Gerhard; Svystunova, Luda

ISBN 10: 1009474103 / ISBN 13: 9781009474108

Published by Cambridge University Press, 2025

About this Item

Seller Inventory # 26403862015

Bibliographic Details

• Title: State-Owned Enterprises as Institutional Actors in Contemporary Capitalism and Beyond (Elements in Reinventing Capitalism)
• Publisher: Cambridge University Press
• Publication Date: 2025
• Language: English
• ISBN 10: 1009474103
• ISBN 13: 9781009474108
• Binding: Hardcover
• Condition: New

About this title

Synopsis

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.'