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    Theories of the (state-owned) firm

    Access Status
    Fulltext not available
    Authors
    Peng, Mike
    Bruton, G.
    Stan, C.
    Huang, Y.
    Date
    2016
    Type
    Journal Article
    
    Metadata
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    Citation
    Peng, M. and Bruton, G. and Stan, C. and Huang, Y. 2016. Theories of the (state-owned) firm. Asia Pacific Journal of Management. 33 (2): pp. 293-317.
    Source Title
    Asia Pacific Journal of Management
    DOI
    10.1007/s10490-016-9462-3
    ISSN
    0217-4561
    School
    School of Management
    URI
    http://hdl.handle.net/20.500.11937/49846
    Collection
    • Curtin Research Publications
    Abstract

    State-owned enterprises (SOEs) contribute approximately 10% of the world’s GDP. SOEs at one time were predicted to disappear from the economic landscape of the world, but today SOEs are growing more prevalent in the world economy. The current theories of the firm that form the pillars of the management discipline largely ignore the theoretical differences that SOEs introduce into the conceptualization of the firm. Therefore, we extend four core theories of the firm by incorporating SOEs as a mainstream (not special or marginal) organizational form into these theories. We focus specifically on property rights theory, transaction cost theory, agency theory, and resource-based theory, culminating in a research agenda with 12 testable propositions.

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