The Role of Managerial Autonomy and Subnational Governments on the Internationalization of SOEs

This research contributes to the study of subnational phenomena and SOEs internationalization by comparing the expansion abroad of Subnational SOEs (SSOEs) and Central SOEs (CSOEs). Through a qualitative comparative case analysis, we find that SSOEs’ fewer resources and needs to increase income push them to follow a gradual market-driven internationalization. These incentives also push SSOEs to diversify abroad. CSOEs non-gradual growth is...