A3 Book section, Chapters in research books
State-owned enterprises (2020)

Colli, A., & Nevalainen, P. (2020). State-owned enterprises. In T. da Silva Lopes, C. Lubinski, & H. J. Tworek (Eds.), The Routledge Companion to the Makers of Global Business (pp. 294-311). Routledge. https://doi.org/10.4324/9781315277813-19

JYU authors or editors

Publication details

All authors or editors: Colli, Andrea; Nevalainen, Pasi

Parent publication: The Routledge Companion to the Makers of Global Business

Parent publication editors: da Silva Lopes, Teresa; Lubinski, Christina; Tworek, Heidi J.S.

ISBN: 978-1-138-24265-4

eISBN: 978-1-315-27781-3

Publication year: 2020

Pages range: 294-311

Number of pages in the book: 614

Publisher: Routledge

Place of Publication: Abingdon

Publication country: United Kingdom

Publication language: English

DOI: https://doi.org/10.4324/9781315277813-19

Publication open access: Not open

Publication channel open access:

Publication is parallel published (JYX): https://jyx.jyu.fi/handle/123456789/68336


State-owned enterprises (SOEs) are often considered to be relics of twentieth century history. The transformation in the basic concept of SOE is closely linked to two major recent developments in Western capitalism. This chapter examines the process of change in the concept of SOEs and their impact in the making of global business. The traditional SOE was established and developed in a variety of circumstances. Ownership is closely related to control, and, for traditional SOEs in particular, the means a close interconnection with the national government. SOEs have assumed various organizational forms: government agencies, intermediaries between the agency and the business enterprise, and state-owned limited liability companies. In their country, SOEs had often a special political role as significant employers. International organizations began to be more negative about SOEs as of the late 1980s. In Italy, the formation of an SOE system was particularly affected by the lack of private capital.

Keywords: state-owned companies; internationalisation; ownership steering; state ownership steering; international corporations; international market; free trade; economic history

Contributing organizations

Ministry reporting: Yes

Reporting Year: 2020

JUFO rating: 3

Last updated on 2021-28-09 at 14:01