International Conference on Eurasian Economies
4-5 November 2010 – Istanbul, TURKEY
Paper detail
Paper ID : 186
Status : Paper published
Language : English
Topic : Microeconomics and Entrepreneurship
Presenter: Asst. Prof. Dr. Duygu Anil Keskin
Session : 6B Microeconomics
A Study on the Entry Strategies Related with Risk Management of Turkish Companies to the Emerging Economies
A Study on the Entry Strategies of Turkish Companies to Emerging Economies
- Asst. Prof. Dr. Duygu Anil Keskin (Istanbul University, Türkiye)
- Prof. Dr. İbrahim ANIL (İstanbul Kent Üniversitesi, Türkiye)
- Prof. Dr. Cem Canel (University of North Carolina, Wilmington, United States of America)
Abstract
There is a wide literature about companies’ entry-modes (acquisition and greenfield) and ownership preferences (JV and WOS) that they use while investing abroad. In terms of these entry- modes, the explanation capacity of Institutional Theory, Transaction Cost Theory and Resource Dependency Theory have been measured by several studies. However, when these strategies are evaluated separately their explanation capacity decreases. Therefore, new approaches are used. One of these new approaches by Dunning states that the explanation capacity of these theories would be enhanced by integrating them. Dunning argues that these theories would be integrated by accepting that ownership advantages would be assessed as resource dependency theory, location advantages would be assessed as institutional theory and internalization advantages would be assessed as transaction cost theory. This Eclectic approach is used in this study in terms of the interactions of three different approaches. Entry modes with multiple theories would be more effective than a single theory in order to explain the entry modes of these companies. In this study, entry strategies of Turkish companies to the Russia Federation, Balkan Countries and Central Asia are explained, compared and discussed in terms of these theories. The aim of this study is to contribute to the relevant literature by understanding which entry strategy would explain the behavior of Turkish companies while investing in other developing countries.
JEL codes: M10
Anil Keskin, Duygu, ANIL, İbrahim , Canel, Cem (2010). "A Study on the Entry Strategies Related with Risk Management of Turkish Companies to the Emerging Economies" in Proceedings of International Conference of Eurasian Economies 2010, pp.404-411, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C01.00186
