An analysis of motives for western FDI in Turkey
AbstractThe factors which motivate Western MNEs to engage in FDI in Turkey by means of both wholly-owned subsidiaries and joint ventures are investigated for a sample of 98 firms. The highest ranked motives for FDI in Turkey are principally concerned with gaining a presence in new markets and enabling faster market entry. A parsimonious set of motives for the sample studied is provided by means of factor analysis. Hypotheses are tested on the relationship between the relative importance of motives and a number of characteristics of the sample. The relative importance of the motives is found not to vary with ownership pattern (wholly-owned subsidiary or joint venture), to vary to a moderate extent with the country of origin of the investment and the mode of entry (acquisition or greenfield), and to vary most with size of the investment and industry of the investment.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal International Business Review.
Volume (Year): 7 (1998)
Issue (Month): 2 (April)
Contact details of provider:
Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/133/description#description
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brouthers, Keith D. & Brouthers, Lance Eliot & Werner, Steve, 1996. "Dunning's eclectic theory and the smaller firm: The impact of ownership and locational advantages on the choice of entry-modes in the computer software industry," International Business Review, Elsevier, vol. 5(4), pages 377-394, August.
- Padmanabhan, Prasad & Cho, Kang Rae, 1995. "Methodological issues in International Business Studies: The case of foreign establishment mode decisions by multinational firms," International Business Review, Elsevier, vol. 4(1), pages 55-73, March.
- Peter J Buckley, 1988. "The Limits of Explanation: Testing the Internalization Theory of the Multinational Enterprise," Journal of International Business Studies, Palgrave Macmillan, vol. 19(2), pages 181-193, June.
- Gatignon, Hubert & Anderson, Erin, 1988. "The Multinational Corporation's Degree of Control over Foreign Subsidiaries: An Empirical Test of a Transaction Cost Explanation," Journal of Law, Economics and Organization, Oxford University Press, vol. 4(2), pages 305-36, Fall.
- Hennart, J.-F.M.A., 1991.
"The transaction costs theory of joint ventures : an empirical study of Japanese subsidiaries in the United States,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-175820, Tilburg University.
- Jean-François Hennart, 1991. "The Transaction Costs Theory of Joint Ventures: An Empirical Study of Japanese Subsidiaries in the United States," Management Science, INFORMS, vol. 37(4), pages 483-497, April.
- W Chan Kim & Peter Hwang, 1992. "Global Strategy and Multinationals' Entry Mode Choice," Journal of International Business Studies, Palgrave Macmillan, vol. 23(1), pages 29-53, March.
- Vern Terpstra & Chwo-Ming Yu, 1988. "Determinants of Foreign Investment of U.S. Advertising Agencies," Journal of International Business Studies, Palgrave Macmillan, vol. 19(1), pages 33-46, March.
- Gray, Jean M. & Gray, H. Peter, 1981. "The multinational bank: A financial MNC?," Journal of Banking & Finance, Elsevier, vol. 5(1), pages 33-63, March.
- Manijeh Sabi, 1988. "An Application of the Theory of Foreign Direct Investment to Multinational Banking in LDCs," Journal of International Business Studies, Palgrave Macmillan, vol. 19(3), pages 433-447, September.
- Hennart, J.-F. & Park, Y.R., 1993.
"Greenfield vs. Acquisition : the strategy of Japanes investors in the United states,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-174430, Tilburg University.
- Jean-François Hennart & Young-Ryeol Park, 1993. "Greenfield vs. Acquisition: The Strategy of Japanese Investors in the United States," Management Science, INFORMS, vol. 39(9), pages 1054-1070, September.
- Erin Anderson & Hubert Gatignon, 1986. "Modes of Foreign Entry: A Transaction Cost Analysis and Propositions," Journal of International Business Studies, Palgrave Macmillan, vol. 17(3), pages 1-26, September.
- Caves, Richard E, 1971. "International Corporations: The Industrial Economics of Foreign Investment," Economica, London School of Economics and Political Science, vol. 38(149), pages 1-27, February.
- W H Davidson & Donald G McFetridge, 1985. "Key Characteristics in the Choice of International Technology Transfer Mode," Journal of International Business Studies, Palgrave Macmillan, vol. 16(2), pages 5-21, June.
- Jiatao Li & Stephen Guisinger, 1992. "The Globalization of Service Multinationals in the “Triad” Regions: Japan, Western Europe and North America," Journal of International Business Studies, Palgrave Macmillan, vol. 23(4), pages 675-696, December.
- Bruce Kogut & Harbir Singh, 1988. "The Effect of National Culture on the Choice of Entry Mode," Journal of International Business Studies, Palgrave Macmillan, vol. 19(3), pages 411-432, September.
- Gomes-Casseres, Benjamin, 1989. "Ownership structures of foreign subsidiaries : Theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 11(1), pages 1-25, January.
- Hennart, J.-F.M.A. & Reddy, S., 1997. "The choice between mergers/acquisitions and joint ventures: the case of Japanese investors in the United States," Open Access publications from Tilburg University urn:nbn:nl:ui:12-175778, Tilburg University.
- J J Boddewyn & Marsha Baldwin Halbrich & A C Perry, 1986. "Service Multinationals: Conceptualization, Measurement and Theory," Journal of International Business Studies, Palgrave Macmillan, vol. 17(3), pages 41-57, September.
- A L Calvet, 1981. "A Synthesis of Foreign Direct Investment Theories and Theories of the Multinational Firm," Journal of International Business Studies, Palgrave Macmillan, vol. 12(1), pages 43-59, March.
- Buckley, Peter J. & Wang, Chengqi & Clegg, Jeremy, 2007. "The impact of foreign ownership, local ownership and industry characteristics on spillover benefits from foreign direct investment in China," International Business Review, Elsevier, vol. 16(2), pages 142-158, April.
- Tatoglu, Ekrem & Glaister, Keith W., 1998. "Performance of international joint ventures in Turkey: perspectives of Western firms and Turkish firms," International Business Review, Elsevier, vol. 7(6), pages 635-656, November.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.