Introduction The importance of international technology transfer derives from the central role of technology in modern economic growth. The continuing diffusion of successive…
Abstract
Introduction The importance of international technology transfer derives from the central role of technology in modern economic growth. The continuing diffusion of successive innovations, whether domestic or foreign in origin, whether product‐or process‐oriented, is essential to sustained productivity increases in any developed or less developed economy. On the micro level, both price and quality competitiveness of any firm either at home or abroad is ultimately determined by its innovative activities. These can be based on either self‐generated or acquired technologies. The long‐run viability and continued growth of a firm depend on its progression from a mere purchaser—adapter initially of all technology, to creator—seller eventually of at least some technology.
This paper aims to focus on the company‐specific level on the causes of Turkey's recent outward foreign direct investment (OFDI) surge. The paper analyzes the reasons as to why…
Abstract
Purpose
This paper aims to focus on the company‐specific level on the causes of Turkey's recent outward foreign direct investment (OFDI) surge. The paper analyzes the reasons as to why, how, and where Turkish multinational enterprises (MNEs) invest abroad, focusing on the differences between large enterprises and small‐ and medium‐sized enterprises (SMEs).
Design/methodology/approach
The case‐study approach, based on eight cases, relies on the insights from the Uppsala internationalization model as well as those from FDI theories. The case studies are based on on‐site interviews with company executives.
Findings
That paper finds that although different OFDI drivers vary in importance among the eight MNEs studied, the incremental and peripheral nature of their internationalization, mostly through brownfield FDI, fits the Uppsala model well. Although they preferred majority‐owned joint ventures with local partners initially to minimize uncertainty and start up costs, to cope with bureaucratic obstacles, and to gain access to technology, they eventually acquired full ownership of their foreign affiliates after exhausting the initial benefits from joint venturing.
Research limitations/implications
The case‐study approach limits the generalization of the findings. However, they can serve as an initial attempt to investigate the drivers behind Turkey's recent OFDI surge. Future studies based on larger number of cases chosen in a systematic way may be able to confirm and strengthen the findings and their managerial implications.
Originality/value
The paper is the first company‐specific attempt to explain the OFDI motivations and managerial decision making of Turkish MNEs by distinguishing between between large enterprises and SMEs.
Details
Keywords
Ekrem Tatoglu and Mehmet Demirbag
The purpose of this paper is to consider the transformation experience of contemporary Turkey, and to provide an introduction to the special issue and a review of the papers in…
Abstract
Purpose
The purpose of this paper is to consider the transformation experience of contemporary Turkey, and to provide an introduction to the special issue and a review of the papers in the JMD special issue.
Design/methodology/approach
The paper portrays changes in Turkish business and management practices in recent years.
Findings
The paper argues that given the dynamic nature of Turkish economy, change is not an option but a required path for transformation and survival. Turbulence and anxieties, sometimes inevitably, distract or at best re‐orient the speed of change and transition.
Originality/value
The paper stimulates further work by management scholars to develop new perspectives and research agenda that will advance knowledge of the business and management practices in emerging countries.
Details
Keywords
Lance Eliot Brouthers, Timothy J. Wilkinson and David McCalman
The intent of EC 92 (European Community, 1992) is to unite Europe into a gigantic trading block and turn it into the dominant world trading partner. Presumably European…
Abstract
The intent of EC 92 (European Community, 1992) is to unite Europe into a gigantic trading block and turn it into the dominant world trading partner. Presumably European corporations will then be able to compete head to head with Japanese and American firms. We predict, however, that instead of being a boon to European competitiveness EC 92 will have the opposite effect. Our prediction is based on three assertions: (1) a unified Europe will become protectionist, thereby encouraging foreign direct investment and increased competition in its home markets; (2) a new, unified Europe is a far more favorable business environment for American and Japanese multinational corporations (MNCs) than for European companies; and (3) most European firms are not strategically or operationally equipped to compete in the new EC environment.
The librarian and researcher have to be able to uncover specific articles in their areas of interest. This Bibliography is designed to help. Volume IV, like Volume III, contains…
Abstract
The librarian and researcher have to be able to uncover specific articles in their areas of interest. This Bibliography is designed to help. Volume IV, like Volume III, contains features to help the reader to retrieve relevant literature from MCB University Press' considerable output. Each entry within has been indexed according to author(s) and the Fifth Edition of the SCIMP/SCAMP Thesaurus. The latter thus provides a full subject index to facilitate rapid retrieval. Each article or book is assigned its own unique number and this is used in both the subject and author index. This Volume indexes 29 journals indicating the depth, coverage and expansion of MCB's portfolio.