 Globalisation of a state-owned enterprise: A history of Japan Tobacco (1985–2014)Hitoshi Iwashita Business History, 2024, vol. 66, issue 5, 1050-1081 Abstract: This paper examines the process of the internationalisation of Japan Tobacco (JT), as a former state-owned enterprise (SOE) in the context of varied state motives and interventions influenced by changing social and political environments. The account of the successful internationalisation of this large Japanese multinational corporation (MNC), frequently listed in the Fortune Global 500, helps to meet a growing need to elaborate the relationship between the privatisation and internationalisation of SOEs. The historical analysis of JT’s internationalisation is presented with two distinct focuses, each of which illuminates significant implications for scholars of business history. First, breaking down the narrative into distinct phases helps to reveal the dynamic interaction between processes of privatisation and internationalisation over time. Second, the focus on distinct stakeholders draws on resource dependency theory to elaborate the nuanced relationship between the State’s motives and JT’s determination to internationalise. Date: 2024 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:bushst:v:66:y:2024:i:5:p:1050-1081 Ordering information: This journal article can be ordered from DOI: 10.1080/00076791.2022.2072487 Access Statistics for this article Business History is currently edited by Professor John Wilson and Professor Steven Toms More articles in Business History from Taylor & Francis Journals |
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