With the active promotion of my country’s "One Belt and One Road" initiative,"Going Global" strategy and related policies,state-owned multinational companies have achieved excellent results in the process of implementing internationalization strategies for overseas investment,not only because of their advanced management Experience and technical level,and more importantly,many state-owned enterprises in my country have actively promoted the reform of mixed ownership,which has optimized the internal equity structure of the enterprise.Mixed equity will help give full play to the dual advantages of the country and the market,and further improve the overall governance of enterprises.and decision-making level,and the heterogeneous shareholders of mixed-ownership enterprises make the motivation for the company to implement the internationalization strategy more complicated.The traditional internationalization theory,namely the Uppsala model,cannot well explain the internationalization behavior and path selection of mixed-ownership enterprises..In this context,it has important theoretical and practical significance to explore the mixed mechanism of internal institutional logic under the heterogeneous shareholders of mixed ownership enterprises for the role of internationalization strategy and behavior choice of enterprises.From the perspective of institutional logic,this paper selects the mixed-ownership enterprise Conch Cement based on employee stock ownership to conduct a single-case exploratory study,and attempts to construct a theoretical model of the internationalization process of mixed-ownership enterprises.The innovation of this paper is reflected in two aspects.The first study focuses on the internal hybrid mechanism of state logic and market logic under mixed ownership;the second study supplements the internationalization path model under the dual logic unique to mixed ownership enterprises.This paper firstly researches and sorts out the existing literature,then introduces the background of my country’s cement industry and the development status of Conch Cement,and further analyzes the different stages of Conch Cement’s international development process and its corresponding international market entry mode.Through repeated iterations of data,literature and theory,the internal logic mixing mechanism of Conch Cement in different internationalization stages is summarized.The study found that there are three kinds of interaction between state logic and market logic in mixed-ownership enterprises:mutual promotion,complementarity and synergy.These interactions promote the decision of relationship commitment of enterprises at different stages of internationalization,thereby accelerating and enhancing the internationalization of enterprises.Behavior.This paper not only enriches and expands the Uppsala model from the perspective of institutional logic,but also provides a new explanation for the internationalization process of state-owned multinational corporations. |