Strategic Management Society Extension - State Capitalism

On September 21, 2018, Loughborough University London will host the extension of Strategic Management Society Conference on State Capitalism, funded by the Society for Advancement of Management Studies.

The theme of this extension is linked to the theme of the main conference, Strategies in the Era of De-Globalization. The rapid expansion of state-owned firms from emerging economies has been perceived as a potential threat by incumbents in advanced economies. Populist politicians have presented state-owned firms as rapacious acquirers that need to be stopped. The corruption scandals associated with the relationships between the state and state-owned firms also contributed to the perceived risks associated with the expansion of state-affiliated companies. As a result, state-affiliated companies that became important players in the globalization process also emerged as the central targets for the protectionists’ initiatives.

The event is especially relevant for scholars who are interested in submitting their manuscripts to the Journal of World Business special issue, which will focus on State Capitalism in International Context.

Extension organisers

  • Anna Grosman, Assistant Professor of Innovation and Entrepreneurship, Loughborough University London
  • Ilya Okhmatovskiy, Gulbenkian Assistant Professor of Strategy, Nova School of Business and Economics
  • Mike Wright, Professor of Entrepreneurship, Imperial College Business School


20 September 2018


Optional dinner for panellists and attendees, at Shane's on Canalside

21 September 2018

9:00 – 9:15

Room LDN 1.04


The Extension will begin with a formal introduction from Dr Anna Grosman (Assistant Professor of Innovation and Entrepreneurship, Loughborough University London) and Professor Mike Wright (Professor of Entrepreneurship at Imperial College Business School, and Director of the Centre for Management Buyout Research).

9:15 – 10:00

Keynote 1: The Logics of State Capitalism

Led by Professor Alvaro Cuervo-Cazurra, Professor of International Business and Strategy at Northeastern University. 

Before joining Northeastern University, Professor Cuervo-Cazurra was a faculty member at the University of South Carolina and at the University of Minnesota, and a visiting professor at Cornell University. He studies the internationalisation of firms, with a special interest in emerging market multinationals, capability upgrading (particularly technological capabilities), and governance issues including corruption in international business.

10:00 – 10:45

Keynote 2: State Capitalism in International Context

This session will focus on the international implications of state capitalism, and will be delivered by Aldo Musacchio, Professor of Strategy and MA Economics and Finance Programme Director at Brandeis International Business School.

Professor Musacchio is also Faculty Research Fellow at the National Bureau of Economic Research. In his book, Reinventing State Capitalism, Professor Musacchio examines the performance implications of different governance arrangements in state-owned enterprises and the effects that investments and loans from development banks have on the performance of private firms.

10:45 – 11:00


11:00 – 12:30

Room LDN 1.04

Presentations by contributors to the OXFORD HANDBOOK ON STATE CAPITALISM AND THE FIRM edited by Wright, Wood, Cuervo-Cazurra, Sun, Okhmatovskiy and Grosman

Summer Liu and William Megginson. Varieties of state ownership and control

Vania Sena. State capitalism in the era of big data

Piotr Kozarzewski, Maciej Baltowski, and Tomasz Mickiewicz. State capitalism in Poland

Liz Chatterjee. State capitalism in India

Andrea Colli. State capitalism in Western Europe 

[in bold: presenters]

12:30 – 13:30



Room LDN 1.04

CHAIR: Aldo Musacchio

Diego Finchelstein, Erica Salvaj, and Maria Perez. Subnational State-Owned Multinationals in Latin America

Rodrigo Bandeira de Mello, Marina Gama, Olivier Bertrand and Marie-Ann Betschinger. Leveraging Electoral Cycles: The International Strategy of State-Affiliated Multinationals

Yuanyuan Li and Marcus Crews. Institutional influences on business orientation ambidexterity in internationalisation - Evidence from an emerging market. 

[in bold: presenters

Room LDN 1.02

CHAIR: Jonathan Doh 

Vania Sena, Meryem Duygun, and Mohammed Shaban. Foreign directors and collaborative innovation: Some evidence from state-owned affiliates

Gerhard Schnyder, Olivier Butzbach, Douglas Fuller and Luda Svystunova, State-owned enterprises as actors: An institutional work framework

Peter Rodgers, Natalie Vershinina, Shlomo Tarba, Zaheer Khan, Peter Stokes and Olga Suhomlinova. Exploring how State-Owned Enterprises 'embrace' social responsibilities in an emerging economy context: The case of Ukraine

[in bold: presenters]



15:15 – 16:30

Room LDN 1.04

Panel discussion on Future Research in State Capitalism

CHAIR: Mike Wright

Panellists will include:

  • Mike Wright (Professor of Entrepreneurship at Imperial College Business School, and Director of the Centre for Management Buyout Research)
  • Jonathan Doh (Herbert G. Rammrath Endowed Chair in International Business)
  • Alvaro Cuervo-Cazzura (Professor of International Business and Strategy at Northeastern University)
  • Aldo Musacchio (Professor of Strategy and MA Economics and Finance Programme Director at Brandeis International Business School)
  • Pei Sun (Professor of Industrial Economics at Fudan University and Associate Editor of the British Journal of Management)
  • Ilya Okhmatovskiy (Gulbenkian Assistant Professor of Strategy at Nova School of Business and Economics)
  • Anna Grosman (Assistant Professor of Innovation and Entrepreneurship, Loughborough University London)


Room LDN 1.04

Meeting for the editors and contributors to the OUP Handbook on State Capitalism and the Firm

16:30 - 20:00

Optional evening reception at Beer Merchants Tap for registered panellists and attendees 


Directions to our campus

Loughborough University London is located on the Queen Elizabeth Olympic Park, within a new innovation quarter known as Here East. 

The closest station to HereEast is Hackney wick Overground station. 

HereEast also provides a shuttle bus service with two pickup points from Stratford: 

  • Statrford International Stop (E)
  • Stratford City Stop (X)

The bus rides take no longer than 10 minutes and it is free of charge. 

Please call reception if you have any problems on the day: 020 3818 0777

You can also look at our how to find us page for more directions to our campus. 

A map of how to find us

Register here To find out more about registration fees and to book your place, please follow the link.