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Turkey’s Outward Foreign Direct Investment: Trends and Patterns of Mergers and Acquisitions

Turkey’s Outward Foreign Direct Investment: Trends and Patterns of Mergers and Acquisitions AbstractThe aim of this study is to examine the recent evolution of Turkish outward foreign direct investment together with Turkish firms’ cross-border acquisitions across time, countries and industries. The article suggests that macro-economic restructuring and institutional reforms, together with strengthened competition at home and globally, not only allowed but also forced Turkish firms to expand internationally. It shows that Turkish acquisitions are mostly directed towards European countries and are concentrated more in manufacturing than in the services industry. In addition, most of the acquisitions involve firms operating in low-technology manufacturing and less knowledge-intensive services. These findings imply that Turkish firms might be motivated mainly towards accessing new markets and that the acquisitions do not seem to be utilized for technological upgrading and productivity improvements. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Balkan and Near Eastern Studies Taylor & Francis

Turkey’s Outward Foreign Direct Investment: Trends and Patterns of Mergers and Acquisitions

Yildirim, Canan
Journal of Balkan and Near Eastern Studies , Volume 19 (3): 18 – May 4, 2017
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Turkey’s Outward Foreign Direct Investment: Trends and Patterns of Mergers and Acquisitions

Abstract

AbstractThe aim of this study is to examine the recent evolution of Turkish outward foreign direct investment together with Turkish firms’ cross-border acquisitions across time, countries and industries. The article suggests that macro-economic restructuring and institutional reforms, together with strengthened competition at home and globally, not only allowed but also forced Turkish firms to expand internationally. It shows that Turkish acquisitions are mostly directed towards...
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Publisher
Taylor & Francis
Copyright
© 2017 Informa UK Limited, trading as Taylor & Francis Group
ISSN
1944-8961
eISSN
1944-8953
DOI
10.1080/19448953.2017.1277084
Publisher site
See Article on Publisher Site

Abstract

AbstractThe aim of this study is to examine the recent evolution of Turkish outward foreign direct investment together with Turkish firms’ cross-border acquisitions across time, countries and industries. The article suggests that macro-economic restructuring and institutional reforms, together with strengthened competition at home and globally, not only allowed but also forced Turkish firms to expand internationally. It shows that Turkish acquisitions are mostly directed towards European countries and are concentrated more in manufacturing than in the services industry. In addition, most of the acquisitions involve firms operating in low-technology manufacturing and less knowledge-intensive services. These findings imply that Turkish firms might be motivated mainly towards accessing new markets and that the acquisitions do not seem to be utilized for technological upgrading and productivity improvements.

Journal

Journal of Balkan and Near Eastern Studies – Taylor & Francis

Published: May 4, 2017

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