Journal Articles

Hoch, F, Vischer, L, Grosman, A, Schnyder, G (2026) Opening the black box of democracy in international business: polity, politics, and policy distances, Journal of Business Research, 218, 116476, ISSN: 0148-2963. DOI: 10.1016/j.jbusres.2026.116476.

Mickiewicz, T, Aleksandrova, E, Grosman, A, Liu, X (2026) CEO change and firm growth under authoritarian state capitalism, Economic Systems, 101438, ISSN: 0939-3625. DOI: 10.1016/j.ecosys.2026.101438.

Grosman, A (2026) Sovereign wealth funds and transparency, The Business & Management Collection, 2026(7), e1012112, ISSN: 2059-7177. DOI: 10.69645/amgf2268.

Grosman, A (2026) Media review: organizing serendipity, Organization Studies, ISSN: 0170-8406. DOI: 10.1177/01708406261430562.

Bodolica, V and Grosman, A (2025) Corporate governance and environmental innovation: an interdisciplinary literature review with bibliometric analysis, Annals of Corporate Governance, 9(3), pp.243-325, ISSN: 2381-6724. DOI: 10.1561/109.00000045.

Sayyid, A, Grosman, A, Klarin, A (2025) Central Bank Digital Currencies and institutional systems: Design choices based on institutional characteristics, European Journal of International Management, 27(2), ISSN: 1751-6757. DOI: 10.1504/EJIM.2025.148801.

Grosman, A, Musacchio, A, Schnyder, G (2025) Public Political Corporate Social Responsibility: Impunity and State-Owned Enterprises, Academy of Management Proceedings, 2025(1), ISSN: 0065-0668. DOI: 10.5465/amproc.2025.18786abstract.

Sarathy, R, Grosman, A, Klarin, A (2025) Global Consumer Receptiveness to Central Bank Digital Currencies (CBDCs), Academy of Management Proceedings, 2025(1), ISSN: 0065-0668. DOI: 10.5465/amproc.2025.16779abstract.

Cuervo‐Cazurra, A, Grosman, A, Mol, MJ, Wood, G (2025) The impact of ownership on global strategy: Owner diversity and non‐financial objectives, Global Strategy Journal, 15(1), pp.3-33, ISSN: 2042-5791. DOI: 10.1002/gsj.1520.

Hill, DF, Skinner, J, Grosman, A (2025) A review of football player metrics and valuation methods: a typological framework of football player valuations, Managing Sport and Leisure, pp.1-24, ISSN: 2375-0472. DOI: 10.1080/23750472.2025.2459727.

Grosman, A (2025) State capitalism: regulating free markets in a liberal democracy, The Business & Management Collection, 2025(1), e1008317, ISSN: 2059-7177. DOI: 10.69645/ecor9102.

Htwe Thein, H, Grosman, A, Sosnovskikh, S, Klarin, A (2024) Should we stay or should we exit? Dilemmas faced by multinationals under sanctioned regimes, Journal of World Business, 59(6), 101585, ISSN: 1090-9516. DOI: 10.1016/j.jwb.2024.101585.

Qin, F, Cuervo-Cazurra, A, Grosman, A, Filatotchev, I, Li, Y, Nielsen, S (2024) International Experience in Global Business Strategies Revisited: New Opportunities and Challenges, Academy of Management Proceedings, 2024(1), ISSN: 0065-0668. DOI: 10.5465/amproc.2024.12212symposium.

Sayyid, A, Grosman, A, Klarin, A (2024) Central bank digital currencies and institutional systems: design choices based on institutional characteristics, European J of International Management, 1(1), ISSN: 1751-6757. DOI: 10.1504/ejim.2024.10065301.

Grosman, A (2023) Book review: Covid, Brexit and the Anglosphere: Frameworks for Future Trade and Economic Growth Richard Simmons and Nigel Culkin reviewed, International Small Business Journal: Researching Entrepreneurship, 42(2), pp.276-279, ISSN: 0266-2426. DOI: 10.1177/02662426231212333.

Grosman, A, Schnyder, G, Cuervo-Cazurra, A, Okhmatovskiy, I, Wood, GT (2023) Rethinking state capitalism: a cross-disciplinary perspective on the state’s role in the economy, Annals of Corporate Governance, 7(4), pp.252-328, ISSN: 2381-6724. DOI: 10.1561/109.00000030.

Thein, HH, Klarin, A, Sosnovskikh, S, Grosman, A (2023) Responsible Exit Dilemmas under Sanctions: Multinationals’ Divestment Complexities in Myanmar, Academy of Management Proceedings, 2023(1), ISSN: 0065-0668. DOI: 10.5465/amproc.2023.18944abstract.

Grosman, A, Cuervo-Cazurra, A, Musacchio, A, Okhmatovskiy, I, Schnyder, G (2023) States, Firms, and Sustainability, Academy of Management Proceedings, 2023(1), ISSN: 0065-0668. DOI: 10.5465/amproc.2023.12596symposium.

Onali, E, Tumlinson, J, Grosman, A (2023) Dissecting Organizational Stigma: Does the Market Punish the Innocent?, Academy of Management Proceedings, 2023(1), ISSN: 0065-0668. DOI: 10.5465/amproc.2023.15348abstract.

Grosman, A, Onali, E, Tumlinson, J (2023) Dissecting Organizational Stigma: The Case of Lehman 'Orphans'.

Driver, C, Grosman, A, Scaramozzino, P, Lesame, K (2023) Dividends policy and payouts: evidence from South Africa, WP/23/03.

Cuervo-Cazurra, A, Grosman, A, Wood, GT (2023) Cross-country variations in sovereign wealth funds’ transparency, Journal of International Business Policy, 6(3), pp.306-329, ISSN: 2522-0691. DOI: 10.1057/s42214-023-00149-0.

Grosman, A (2022) Mitigating financing constraints on investment: Ownership and transparency in Russia, Journal of East European Management Studies, 27(3), pp.434-461, ISSN: 0949-6181. DOI: 10.5771/0949-6181-2022-3-434.

Grosman, A (2022) Cross-Country Variations in Sovereign Wealth Funds’ Characteristics, Academy of Management Proceedings, 2022(1), ISSN: 0065-0668. DOI: 10.5465/ambpp.2022.18029abstract.

Cuervo-Cazurra, A, Grosman, A, Megginson, WL (2022) A review of the internationalization of state-owned firms and sovereign wealth funds: Governments’ nonbusiness objectives and discreet power, Journal of International Business Studies, 54(1), pp.78-106, ISSN: 0047-2506. DOI: 10.1057/s41267-022-00522-w.

Wood, GT, Onali, E, Grosman, A, Haider, ZA (2022) A very British state capitalism: Variegation, political connections and bailouts during the COVID-19 crisis, Environment and Planning A: Economy and Space, 55(3), pp.673-696, ISSN: 0308-518X. DOI: 10.1177/0308518X211072545.

Schnyder, G, Grosman, A, Siems, M, Fu, K (2021) Legal Perception and IPOs: An Investigation into the Impact of Legal Signaling on Firm Valuation, Academy of Management Proceedings, 2021(1), p.14535, ISSN: 0065-0668. DOI: 10.5465/ambpp.2021.14535abstract.

Schnyder, G, Grosman, A, Fu, K, Siems, M, Aguilera, RV (2021) Legal perception and finance: The case of IPO firm value, British Journal of Management, 33(1), pp.88-116, ISSN: 1045-3172. DOI: 10.1111/1467-8551.12531.

Wright, M, Wood, G, Musacchio, A, Okhmatovskiy, I, Grosman, A, Doh, J (2021) The return of state capitalism? How the Covid-19 pandemic put the liberal market economies to the test.

Wright, M, Wood, G, Musacchio, A, Okhmatovskiy, I, Grosman, A, Doh, JP (2020) State capitalism in international context: varieties and variations, Journal of World Business, 56(2), 101160, ISSN: 1090-9516. DOI: 10.1016/j.jwb.2020.101160.

Liu, S, Skinner, J, Grosman, A (2020) From rags to riches: Business model innovation shifts in the ecosystem of the Chinese Super League, Journal of Global Sport Management, 7(3), pp.406-426, ISSN: 2470-4067. DOI: 10.1080/24704067.2020.1751675.

Driver, C, Grosman, A, Scaramozzino, P (2020) How investor pressure leads to higher dividend payouts.

Driver, C, Grosman, A, Scaramozzino, P (2019) Dividend policy and investor pressure, Economic Modelling, 89(July 2020), pp.559-576, ISSN: 0264-9993. DOI: 10.1016/j.econmod.2019.11.016.

Grosman, A, Okhmatovskiy, I, Wright, M, Aguilera, RV, Cuervo-Cazurra, A, Musacchio, A, Sun, P, Wood, GT (2019) State Capitalism: Hybrid Institutions, Governance, and Strategies, Academy of Management Proceedings, 2019(1), p.15137, ISSN: 0065-0668. DOI: 10.5465/ambpp.2019.15137symposium.

Dolfsma, W and Grosman, A (2019) State capitalism revisited: a review of emergent forms and developments, Journal of Economic Issues, 53(2), pp.579-586, ISSN: 0021-3624. DOI: 10.1080/00213624.2019.1606653.

Grosman, A, Aguilera, RV, Wright, M (2018) Lost in translation? Corporate governance, independent boards and blockholder appropriation, Journal of World Business, ISSN: 1090-9516. DOI: 10.1016/j.jwb.2018.09.001.

Grosman, A and Leiponen, A (2018) Organizational transparency and power in firm ownership networks, Journal of Comparative Economics, 46(4), pp.1158-1177, ISSN: 0147-5967. DOI: 10.1016/j.jce.2018.07.001.

Grosman, A, Schillebeeckx, S, Parmar, R, Haesler, J (2018) Data (and) Responsibility.

Grosman, A, Okhmatovskiy, I, Wright, M, Cuervo-Cazurra, A, Ahmadjian, CL, Musacchio, A, Sun, P (2017) State Capitalism: At the Interface between State Control and Private Capital, Academy of Management Proceedings, 2017(1), p.14407, ISSN: 0065-0668. DOI: 10.5465/ambpp.2017.14407symposium.

Schillebeeckx, SJD, Grosman, A, Haesler, J, Parmar, R (2016) Governance of the Big Data Value Cycle, Academy of Management Proceedings, 2016(1), p.16093, ISSN: 0065-0668. DOI: 10.5465/ambpp.2016.16093abstract.

Grosman, A, Okhmatovskiy, I, Wright, M (2015) State control and corporate governance in transition economies: 25 years on from 1989, Corporate Governance: An International Review, 24(3), pp.200-221, ISSN: 0964-8410. DOI: 10.1111/corg.12145.

Grosman, A and Leiponen, AE (2015) Monitoring the Monitor: Oligarch Networks and Organizational Transparency in Russian Listed Firms.

Schmidt, D, Driffield, N, Grosman, A (2015) Financial Risk and the Operating Strategies of FDI, Academy of Management Proceedings, 2015(1), p.18914, ISSN: 0065-0668. DOI: 10.5465/ambpp.2015.18914abstract.

Grosman, A (2015) "The Good, the Great and the Independent: The Impact of Board Composition on Investment Behavior", Academy of Management Proceedings, 2015(1), p.11451, ISSN: 0065-0668. DOI: 10.5465/ambpp.2015.11451abstract.

Grosman, A and Leiponen, AE (2013) "Russian Governance: Ownership Networks, Organizational Transparency, and Investment", Academy of Management Proceedings, 2013(1), p.17171, ISSN: 0065-0668. DOI: 10.5465/ambpp.2013.17171abstract.

Conferences

Chavan, M, Grosman, A, Kumar, V (Accepted for publication) When Multinationals Leave: Sustainability Externalization and Sustainable Development Outcomes following Foreign Divestment. In Academy of International Business, Manchester.

Hu, L, Arnoldi, J, Villadsen, AR, Grosman, A (Accepted for publication) Environment as a Government Mission: The Effect of State Ownership on Corporate Green Technology Innovation. In Government Ownership for Sustainability and Strategic Autonomy, Netherlands.

Chavan, M, Grosman, A, Earl, A (Accepted for publication) Trade sanctions, institutions, and firm exit: A conceptual framework for SME strategic responses. In Academy of International Business, Manchester.

Zou, Y, Grosman, A, Fu, K (2024) Executive compensation in the Chinese market. In 4th International Conference in collaboration with Loughborough University London, UK on Corporate Governance, Responsibility, and the Institutional Diversity of Capitalism: Towards a Global Dialogue, London.

Grosman, A, Porcher, S, Richet, JL (2022) APPS AND DOWNS: CROSS-COUNTRY VARIATIONS IN THE SUCCESS OF CONTACT-TRACING TECHNOLOGY. In , Academy of Management Annual Meeting Proceedings. DOI: 10.5465/AMBPP.2022.295.

Kuo-Feng, H, Fu, K, Grosman, A, Hughes, M (2019) Competitive behaviour of young firms under industry deregulation: The role of boards in adoption of nonconformist strategies. In Academy of Management Annual Conference, Boston, Massachusetts.

Grosman, A, Mickiewicz, T, Liu, X, Aleksandrova, E (2019) The short-term impact of CEO turnover on growth under constraints of complexity. In Academy of Management, Boston.

Books

Wood, G, Grosman, A, Johan, S (ed) (Accepted for publication) Oxford Handbook of Corporate Finance, Oxford University Press.

Wright, M, Wood, GT, Cuervo-Cazurra, A, Sun, P, Okhmatovskiy, I, Grosman, A (ed) (2022) The Oxford Handbook of State Capitalism and the Firm, Oxford University Press, ISBN: 9780198837367.

Chapters

Driver, C, Grosman, A, Scaramozzino, P, Lesame, K (2026) An emerging market study of dividend behaviour for listed and unlisted companies: Evidence from South Africa. In Wood, GT, Grosman, A, Johan, S (ed) Oxford Handbook of Corporate Finance, Oxford University Press,ISBN: 9780198935384. DOI: 10.1093/9780198935384.001.0001.

Grosman, A (2025) Governing the hybridity of state-owned enterprises. In Vakkuri, J, Johanson, J-E, Pinheiro, R, Erkkilä, T (ed) Public Policies for Hybrid Governance, Edward Elgar, pp.140-156, ISBN: 9781035311637. DOI: 10.4337/9781035311637.00019.

Okhmatovskiy, I, Grosman, A, Sun, P (2022) Hybrid governance of state-owned enterprises. In Wright, M, Wood, GT, Cuervo-Cazurra, A, Sun, P, Okhmatovskiy, I, Grosman, A (ed) The Oxford Handbook of State Capitalism and the Firm, Oxford University Press, pp.449-480, ISBN: 9780198837367.

Gao, R, Sun, P, Grosman, A, Okhmatovskiy, I (2022) Corporate political ties and state capitalism. In Wright, M, Wood, GT, Cuervo-Cazurra, A, Sun, P, Okhmatovskiy, I, Grosman, A (ed) The Oxford Handbook of State Capitalism and the Firm, Oxford University Press, pp.524-544, ISBN: 9780198837367.

Wright, M, Wood, GT, Cuervo-Cazurra, A, Sun, P, Okhmatovskiy, I, Grosman, A (2022) State Capitalism and the Firm. In The Oxford Handbook of State Capitalism and the Firm, Oxford University Press (OUP), pp.3-24, DOI: 10.1093/oxfordhb/9780198837367.013.1.

Grosman, A, Wright, M, Wood, GT, Cuervo-Cazurra, A, Sun, P, Okhmatovskiy, I (2022) State Capitalism and the Firm: An Overview. In The Oxford Handbook of State Capitalism and the Firm, Oxford University Press, pp.1-1, ISBN: 9780198837367.

Liu, S, Skinner, J, Grosman, A (2022) Business model innovation towards ecosystem sustainability: A case study of the Chinese super league. In Khare, A, Ojala, A, Baber, WW (ed) Sustainable International Business Models in a Digitally Transforming World, Routledge, pp.207-221, ISBN: 9781032050928. DOI: 10.4324/9781003195986.

Liu, S, Skinner, J, Grosman, A (2022) Business model innovation towards ecosystem sustainability. In Sustainable International Business Models in a Digitally Transforming World, Taylor & Francis, pp.207-221, DOI: 10.4324/9781003195986-16.

Liu, S, Skinner, J, Grosman, A (2022) Business model innovation towards ecosystem sustainability: A case study of the Chinese super league. In Sustainable International Business Models in A Digitally Transforming World, pp.207-221, DOI: 10.4324/9781003195986-16.

Wright, M, Wood, GT, Cuervo-Cazurra, A, Sun, P, Okhmatovskiy, I, Grosman, A (2022) STATE CAPITALISM AND THE FIRM: AN OVERVIEW. In Oxford Handbook of State Capitalism and the Firm, pp.3-24, DOI: 10.1093/oxfordhb/9780198837367.013.1.

Okhmatovskiy, I, Grosman, A, Sun, P (2022) HYBRID GOVERNANCE OF STATE-OWNED ENTERPRISES. In Oxford Handbook of State Capitalism and the Firm, pp.449-478, DOI: 10.1093/oxfordhb/9780198837367.013.20.

Grosman, A and Brandes, A (2015) Crowdfunding and innovation: IBM. In Crowdfunding: The Corporate Era, Elliott & Thompson, pp.124-136, ISBN: 9781783961610.

Grosman, A, Kozarzewski, P, Okhmatovskiy, I (Accepted for publication) Varieties of capitalism in Central and Eastern Europe. In Steger, T, Rybnikova, I, Lang, R (ed) Oxford Handbook of Central and East European Management and Organizations, Oxford University Press.

Zou, Y, Grosman, A, Fu, K (Accepted for publication) Executive compensation in the Chinese market. In Wood, GT, Grosman, A, Johan, S (ed) Oxford Handbook of Corporate Finance, Oxford University Press,ISBN: 9780198935384. DOI: 10.1093/9780198935384.001.0001.

Grosman, A and Amore, MD (Accepted for publication) Share repurchases and board independence. In G, W, A, G, S, J (ed) The Oxford Handbook of Corporate Finance, Oxford University Press.

School/Dept Working Papers

Grosman, A, Rahulamathavan, Y, Suryawanshi, P (2019) Multi-modal Data Processing Model for Exchange Rate Prediction.

Internet Publications

Georgiadou, E, Edwards, H, Tien-Den-Jerry, H, Grosman, A (2024) A Hybrid Model of UK Export Promotion: Building a Proactive Dynamic Internationalisation Capability with Public-Private Collaboration in Commercial Diplomacy’,.

Reports

Grosman, A, Prendeville, S, Ellman, E (2024) Community-led governance for sustainable canalside spaces,ISBN: 9781738516223.

Georgiadou, E, Edwards, H, Grosman, A, Han, T-D (2023) A hybrid model of UK export promotion: Building a proactive dynamic internationalisation capability with public-private collaboration in commercial diplomacy, UK Parliament Business and Trade Committee.

Datasets

Mickiewicz, T, Aleksandrova, E, Grosman, A, Liu, X (2026) Supplementary information files for "CEO change and firm growth under authoritarian state capitalism", DOI: 10.17028/rd.lboro.33981001.

Htwe Thein, H, Grosman, A, Sosnovskikh, S, Klarin, A (2024) Supplementary information files for "Should we stay or should we exit? Dilemmas faced by multinationals under sanctioned regimes", DOI: 10.17028/rd.lboro.28595951.

Schnyder, G, Grosman, A, Fu, K, Siems, M, Aguilera, RV (2021) Supplementary Information files for Legal perception and finance: The case of IPO firm value, DOI: 10.17028/rd.lboro.15141111.

Media

Grosman, A (2026) Strategies for firm success in the face of government influence 2.

Grosman, A (2026) Strategies for firm success in the face of government influence 1.

Grosman, A (2026) Corporations as instruments of state power: emergency and support.

Grosman, A (2026) Corporations as instruments of state power: big tech and politics.

Grosman, A (2024) COVID bailouts helped politically connected businesses more than others – new research.

Other

Grosman, A, Musacchio, A, Schnyder, G (2023) State-owned firms must address their CO2 problem. Here is how, Governments’ efforts to reduce carbon emissions are falling short despite policies like ‘cap and trade.’ Anna Grosman, Aldo Musacchio and Gerhard Schnyder uncover the overlooked role of state-owned firms in exacerbating the issue, influenced by government involvement. They propose ways for these firms to become part of the solution to climate change..

Schnyder, G, Grosman, A, Fu, K, Siems, M, Aguilera, R (2022) Legal perception and finance: when the perception matters more than the actual law, How people perceive the quality of the law can affect companies in many ways. Gerhard Schnyder, Anna Grosman, Kun Fu, Mathias Siems, and Ruth V. Aguilera explore the underdeveloped role of legal perceptions in initial public offerings (IPOs), when companies list their shares in a stock exchange. They find that what drives IPO valuation is how shareholder protection laws are perceived, rather than the actual quality of the legal protection. .