INTERNATIONALIZATION OF EMERGING MARKET FIRMS: IMPACTS OF BUSINESS GROUP AFFILIATION AND OWNERSHIP CONCENTRATION IN TURKEY CONTEXT

Ayşe Kayacı

Makale detayları

INTERNATIONALIZATION OF EMERGING MARKET FIRMS: IMPACTS OF BUSINESS GROUP AFFILIATION AND OWNERSHIP CONCENTRATION IN TURKEY CONTEXT

Yazarlar:

Ayşe Kayacı

Yayıncı:

Bandirma Onyedi Eylul University

Dergi:

Yönetim ve Ekonomi Araştırmaları Dergisi Vol.21 Issue 2, pp.1-21

Belge Tipi:

Makale

Yayın Tarihi:

11/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001293229

pISSN:

2148-029X

Anahtar kelimeler:

Özet:

 Emerging market firms are known for their lack of ownership advantages for internationalization. For this reason, most of them should search for these advantages in foreign markets. On the other hand, emerging market firms have specific governance structures which can facilitate some ownership advantages to internationalize. This study proposes that emerging market firms could also have ownership advantages at a threshold level that enhance their internationalization level. Moreover, business group affiliation and ownership concentration would have moderating roles in this positive relation. Accordingly, World Bank Enterprise Surveys database is used for sample formation. Hypotheses of the study are tested with a sample of Turkish firms that cover 4159 firm-year observations between 2008-2019. According to statistical findings, a negative relationship between ownership advantages and internationalization level is found for emerging market firms. However, there is no significant moderating effects of business group affiliation and ownership concentration.

 Emerging market firms are known for their lack of ownership advantages for internationalization. For this reason, most of them should search for these advantages in foreign markets. On the other hand, emerging market firms have specific governance structures which can facilitate some ownership advantages to internationalize. This study proposes that emerging market firms could also have ownership advantages at a threshold level that enhance their internationalization level. Moreover, business group affiliation and ownership concentration would have moderating roles in this positive relation. Accordingly, World Bank Enterprise Surveys database is used for sample formation. Hypotheses of the study are tested with a sample of Turkish firms that cover 4159 firm-year observations between 2008-2019. According to statistical findings, a negative relationship between ownership advantages and internationalization level is found for emerging market firms. However, there is no significant moderating effects of business group affiliation and ownership concentration.

 Emerging market firms are known for their lack of ownership advantages for internationalization. For this reason, most of them should search for these advantages in foreign markets. On the other hand, emerging market firms have specific governance structures which can facilitate some ownership advantages to internationalize. This study proposes that emerging market firms could also have ownership advantages at a threshold level that enhance their internationalization level. Moreover, business group affiliation and ownership concentration would have moderating roles in this positive relation. Accordingly, World Bank Enterprise Surveys database is used for sample formation. Hypotheses of the study are tested with a sample of Turkish firms that cover 4159 firm-year observations between 2008-2019. According to statistical findings, a negative relationship between ownership advantages and internationalization level is found for emerging market firms. However, there is no significant moderating effects of business group affiliation and ownership concentration.

 Emerging market firms are known for their lack of ownership advantages for internationalization. For this reason, most of them should search for these advantages in foreign markets. On the other hand, emerging market firms have specific governance structures which can facilitate some ownership advantages to internationalize. This study proposes that emerging market firms could also have ownership advantages at a threshold level that enhance their internationalization level. Moreover, business group affiliation and ownership concentration would have moderating roles in this positive relation. Accordingly, World Bank Enterprise Surveys database is used for sample formation. Hypotheses of the study are tested with a sample of Turkish firms that cover 4159 firm-year observations between 2008-2019. According to statistical findings, a negative relationship between ownership advantages and internationalization level is found for emerging market firms. However, there is no significant moderating effects of business group affiliation and ownership concentration.

Makale detayları

INTERNATIONALIZATION OF EMERGING MARKET FIRMS: IMPACTS OF BUSINESS GROUP AFFILIATION AND OWNERSHIP CONCENTRATION IN TURKEY CONTEXT

Yazarlar:

Ayşe Kayacı

Yayıncı:

Bandirma Onyedi Eylul University

Dergi:

Yönetim ve Ekonomi Araştırmaları Dergisi Vol.21 Issue 2, pp.1-21

Belge Tipi:

Makale

Yayın Tarihi:

11/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001293229

pISSN:

2148-029X

Emerging Market Firms

Internationalization

Ownership Advantages

Business Group

Ownership Concentration

Sayı

Makale detayları

INTERNATIONALIZATION OF EMERGING MARKET FIRMS: IMPACTS OF BUSINESS GROUP AFFILIATION AND OWNERSHIP CONCENTRATION IN TURKEY CONTEXT

Yazarlar: Ayşe Kayacı

Yayıncı: Bandirma Onyedi Eylul University

Dergi: Yönetim ve Ekonomi Araştırmaları Dergisi Vol.21 Issue 2, pp.1-21

Belge Tipi: Makale

Yayın Tarihi: 11/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001293229

pISSN: 2148-029X

Emerging Market Firms

Internationalization

Ownership Advantages

Business Group

Ownership Concentration

Sayı

Yazarlar:

Ayşe Kayacı

Yayıncı:

Bandirma Onyedi Eylul University

Dergi:

Yönetim ve Ekonomi Araştırmaları Dergisi Vol.21 Issue 2, pp.1-21

Belge Tipi:

Makale

Yayın Tarihi:

11/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001293229

pISSN:

2148-029X