Institutional Logics and the Internationalization of a State-Owned Enterprise: Evaluation of International Venture Opportunities by Telecom Finland 1987–1998

Zeerim Cheung*, Eero Aalto, Pasi Nevalainen

*Corresponding author for this work

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Abstract

We contribute to the research on internationalization of state-owned enterprises (SOEs) by studying the coevolution of state governance of SOEs and SOEs’ evaluation of international venture opportunities during a shift in dominant institutional logic from state to market logic. Using a novel digital historical method to study Telecom Finland, we argue that as state governance mechanisms change due to a logic shift, rationales underlying SOEs’ internationalization can significantly change and impact SOEs’ geographical and partner preferences. However, a logic shift also affords SOEs significant influence over the formation of new state governance policies under the new dominant logic.

Original languageEnglish
Article number101140
Number of pages16
JournalJournal of World Business
Volume55
Issue number6
DOIs
Publication statusPublished - Oct 2020
MoE publication typeA1 Journal article-refereed

Keywords

  • Case study
  • Historical methods
  • Institutional logics
  • State-owned enterprise (SOE)
  • State-owned multinational company (SOMNC)

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