The internationalization paradox: Untangling dependence in multinational state hybrids

Suzana B. Rodrigues and Marleen Dieleman

Journal of World Business, 2018, vol. 53, issue 1, 39-51

Abstract: We investigate the internationalization of firms with ownership links to the state from the perspective of resource dependence theory, and argue that internationalization can reduce dependence on the home country government, but, paradoxically, this strategy also creates additional dependences, shifts the power balance, and provides rationales for increasing government control. Utilizing a ‘critical’ case – Vale from Brazil – we analyze different conditions that enable greater autonomy for and greater government control over multinational state hybrids in the context of internationalization. We contribute to the international business literature by generating a novel framework that considers the effects of market trends (extractive industry) and non-market trends (home country policies) on the internationalization of state hybrids.

Keywords: Internationalization; Resource dependence; Extractive industry; State hybrid; SOE; Non-market strategy (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (24)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:worbus:v:53:y:2018:i:1:p:39-51

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DOI: 10.1016/j.jwb.2017.08.003

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