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Asmund Rygh
University of Manchester
11Publications
4H-index
65Citations
Publications 12
Newest
#1Birgitte Grogaard (BI Norwegian Business School)H-Index: 7
#2Asmund Rygh (University of Manchester)H-Index: 4
Last.Gabriel R. G. Benito (BI Norwegian Business School)H-Index: 25
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#1Birgitte Grogaard (BI Norwegian Business School)H-Index: 7
#2Asmund RyghH-Index: 4
Last.Gabriel R. G. Benito (BI Norwegian Business School)H-Index: 25
view all 3 authors...
We use internalization theory to analyze the establishment and entry mode decisions of state-owned (SOE) and privately owned (POE) enterprises. We enrich internalization theory by building on insights from economic theory of corporate governance and taking into account particular characteristics of SOEs such as non-economic motivations, long-term orientation, and different risk preferences. We examine foreign entries over a 10-year period in the Canadian oil and gas industry. This single-country...
5 CitationsSource
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#1Asmund RyghH-Index: 4
Rygh reviews 134 studies related to state-owned multinational enterprises (SOMNEs) published over five decades. The reviewed studies demonstrate effects of state ownership on international business decisions such as foreign market entry mode and host-country location. However, effects are mixed and context seems to play a key role. The review also demonstrates that we still know little about important issues such as SOMNEs’ international performance and the effects SOMNEs have on home and host c...
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#1Asmund Rygh (University of Manchester)H-Index: 4
#2Gabriel R. G. Benito (BI Norwegian Business School)H-Index: 25
Transaction cost theory (TCT) plays a major role in theorizing about the boundaries of the multinational enterprise (MNE), and is increasingly being applied to intra-MNE governance. We apply TCT to capital structure decisions for MNE subsidiaries. According to TCT, equity and debt are not just financial instruments, but alternative governance structures. Equity is useful for projects involving specific assets that do not serve well as collateral, and for knowledge intensive activities where info...
1 CitationsSource
The purpose of this paper is to theoretically investigate the potential welfare effects of state-owned enterprises’ (SOEs) international operations.,The paper is conceptual, applying standard economics state ownership theory based on agency theory and incomplete contracts theory to different forms of SOE cross-border operations.,When private firms are risk averse or financially constrained, or when writing complete contracts and making credible commitments are not possible, state ownership can a...
5 CitationsSource
#1Young Hoon An (University of Manchester)
#2Stefan ZagelmeyerH-Index: 11
Last.Asmund RyghH-Index: 4
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#1Gabriel R. G. Benito (BI Norwegian Business School)H-Index: 25
#2Asmund Rygh (University of Manchester)H-Index: 4
Last.Randi Lunnan (BI Norwegian Business School)H-Index: 12
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Plain language summary We investigate whether listed state-owned enterprises (SOEs) benefit more from internationalization than listed private enterprises. We argue that SOEs have a greater scope for benefitting from internationalization because of their previous domestic focus and because of government-related firm-specific advantages they can utilize for their internationalization. In listed SOEs, these factors may matter more than noneconomic objectives and corporate governance deficiencies t...
16 CitationsSource
#1Asmund Rygh (BI Norwegian Business School)H-Index: 4
International business (IB) research is traditionally heavily reliant on economics. In this chapter, we review selected debates in the philosophy of science of economics and consider their relevance for economics-based IB research, given important characteristics of IB such as phenomenon-orientedness, concern with data and facts and limited use of formal mathematical models and unrealistic assumptions in the analysis. We argue that, like in the case of mainstream economics, Lakatos’ concept of s...
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