Abstract
Using the economic theory of the State and the resource-based view, we examine the role of the home country context in the internationalization process of state-owned enterprises (SOEs) from three transitioning economies (the Czech Republic, Slovakia, and Vietnam). While the literature has highlighted that strategies of SOEs are embedded in home country settings, little is known about how state capitalism shapes cross-border activities of state-affiliated multinationals. We propose a model to explain the types and degree of state involvement in SOEs’ internationalization and discuss the various drivers of internationalization activities of SOEs from the three economies at different stages of transition.
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