Graduate Seminars 2018, with Pedro Matos (Darden School of Business, University of Virginia)

The guest will present the article "Leviathan Inc. and Corporate Environmental Engagement".

In 2010, The Economist called the resurgence of state-owned mega-companies, especially those in emerging economies, as "Leviathan Inc.", and criticized its poor governance and efficiency. The article shows that state-owned enterprises are more involved in environmental issues and are more receptive to changes in policy orientation by governments. The effect is most evident in energy companies in emerging economies, countries with higher energy risks, and with direct participation by local governments. In this way, the so-called "Leviathan Inc." may be better positioned to deal with environmental issues.