State-owned enterprises benefit from domestic institutional investors for international expansion.
State Owned Enterprises (SOEs) in emerging markets are changing, with different ownership groups like the state and institutional investors playing a role. A study found that state and foreign institutional ownership can hinder SOE internationalization, while domestic institutional ownership can help. Both foreign and domestic institutional investors can provide resources to help state owners invest in international activities. This research sheds light on how different ownership structures impact SOE internationalization efforts.