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Domains of State-Owned, Privately Held, and Publicly Traded Firms in International Competition
Administrative Science Quarterly
Vol. 34, No. 4 (Dec., 1989), pp. 582-597
Published by: Sage Publications, Inc. on behalf of the Johnson Graduate School of Management, Cornell University
Stable URL: http://www.jstor.org/stable/2393568
Page Count: 16
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Hypotheses relating ownership to domain differences among state-owned, publicly traded, and privately held firms in international competition were examined in a controlled field study of the offshore drilling industry. Ownership explained selected differences in domestic market dominance, international presence, and customer orientation, even after controlling for firm nationality, size, and line of business. Publicly traded firms exhibited generalism by operating in many geographic markets and offering a wide product line. In contrast, state-owned enterprises focused on their domestic market with a narrow product line and had a stable customer base. Privately held firms also operated domestically with a narrow product line but had an unstable customer base. The findings suggest that ownership may be a theoretically based, parminonious approach to parsing the international strategic space.
Administrative Science Quarterly © 1989 Johnson Graduate School of Management, Cornell University