Business Groups in Emerging Markets: The Case of Turkey
Journal of Global Strategic Management, cilt.3, ss.138-145, 2008 (Hakemli Dergi)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 3
- Basım Tarihi: 2008
- Dergi Adı: Journal of Global Strategic Management
- Derginin Tarandığı İndeksler: Other Indexes
- Sayfa Sayıları: ss.138-145
- Ankara Yıldırım Beyazıt Üniversitesi Adresli: Hayır
Özet
Business Groups-BGs are defined as "a set of firms which, though legally independent, are bound together by constellation of formal and informal ties and are accustomed to taking coordinated action ". Another definition of BGs makes emphasis on administrative and financial control of family groups. The existing studies on BGs are divided into three streams. In another study, BGs are classified as institutional approach, market-centered theories and resource-based view. On the other hand, BGs create value in emerging markets-EMs. EMs may be characterized as a transition process of moving from a closed economy to an open market economy. China, lndia, lndonesia, and South Korea in Asia; Poland and Turkey in Europe; Brazil, Mexico and Argentina in South America; and South Africa in Africa are named as "Big Ten Emerging Markets". As an emerging market, Turkey is one of the biggest economies in terms of population and potential far growth in her region. Family owned corporations have been operating far many years in Turkey. They are categorized as the dominant Turkish family holdings-DTFH, and the Emergent Turkish Family Holdings-EMTFs.