... information on state-owned enterprises (SOEs) by politicians and public administrators and to what extent public corporate governance codes (PCGCs) strengthen and balance the effects of IISs. The paper conceptually introduces PCGCs as frameworks for the design of IISs and sustainability-oriented performance...

... mandates indicate hybrid firms could emerge as both a voluntary and an involuntary adaptation to institutionally complex environments. Finally, this study highlights opportunities to further one’s understanding how state logics influence hybrid organizations through the study of state-owned enterprises...