Institutional Logics and the Internationalization of a State-Owned Enterprise : Evaluation of International Venture Opportunities by Telecom Finland 1987–1998
Cheung, Z., Aalto, E., & Nevalainen, P. (2020). Institutional Logics and the Internationalization of a State-Owned Enterprise : Evaluation of International Venture Opportunities by Telecom Finland 1987–1998. Journal of World Business, 55(6), Article 101140. https://doi.org/10.1016/j.jwb.2020.101140
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© 2020 The Author(s). Published by Elsevier Inc.
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.
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Additional information about fundingThis work received partial support from Niilo Helander Foundation, Finnish Foundation for Technology Promotion, The Finnish Science Foundation for Technology and Economics KAUTE, and the Digital Disruption of Industry project that the Strategic Research Council [grant 292889] of Finland funded.
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