Evolution of National and International Resource Constraints and Business Groups: The Historical Case of a Turkish Family Holding, 1950-1999

Erçek, Mehmet; Günçavdi, Öner
January 2010
Business & Economic History On-Line;2010, Vol. 8, p1
Academic Journal
Case Study
In this study, we attempt to contribute to the literature on the evolution of business groups by providing a rich historical case study of a Turkish business group's evolution during the second half of the twentieth century. We emphasize the role of macroeconomic expenditure flows as well as of certain environmental and firm-level constraints in shaping the group's evolutionary pattern. When the level and direction of macroeconomic expenditure flows varied during the second half of the twentieth century in Turkey, the business group's investment strategy and structure also varied. Fit with the macroeconomic expenditure flows and environmental constraints resulted in better performance and growth, whereas misfit with environmental constraints and certain firm-level characteristics brought about below average performance and consolidation. Our case study also corroborates the earlier explanations of business group evolution based on asymmetric trade and investment flows and institutional voids.


Related Articles

  • Service providers, trusted advisors: How to work with family businesses. Frey, Ellie // Grand Rapids Business Journal;12/17/2012, Vol. 30 Issue 51, p11 

    The article shares tips on working with family businesses to ensure a successful work. It points out the need to identify the family businesses as well as the hurdles, issues or obstacles that could be encountered to help family businesses plan for the future. It explains the importance of...

  • ROLE OF CORPORATE GOVERNANCE IN THE FAMILY BUSINESS. Sicoli, Graziella // Global Conference on Business & Finance Proceedings;2013, Vol. 8 Issue 1, p8 

    Problems of governance, associated with the Public Company, have also emerged in other types of businesses, for example in family firms. What takes place in family firms, albeit with different degrees of intensity, is an overlap, rather than the separation, of ownership and governance. In the...

  • Family Involvement in Business and Financial Performance: A Panel Data Analysis. Gill, Suveera; Kaur, Parmjit // Vikalpa: The Journal for Decision Makers;Oct-Dec2015, Vol. 40 Issue 4, p395 

    The economic backdrop of most nations remains dominated by family businesses. Family control is common in publicly traded Indian companies. Such controlling families often hold large shareholdings and for the most part have representation at the top management level as well as on the board....

  • Performance of Family and Non-family Firms with Self-Selection: Evidence from Dubai. Rettab, Belaid; Azzam, Azzeddine // International Journal of Business Management & Economic Research;2011, Vol. 2 Issue 3, p222 

    This paper contributes to the literature on comparative performance of family and non-family businesses by accounting for self-selection and by comparing performance within and across industries. Using an extensive data set of Dubai businesses in the four different major sectors in the Dubai...

  • EFEKTYWNE ZARZÄ„DZANIE FIRMÄ„ RODZINNÄ„ - KOMPETENCYJNE WYZWANIA SUKCESJI. Bartkowiak, Piotr; Niewiadomski, Przemysław // Research Papers of the Wroclaw University of Economics / Prace N;2012, Issue 262, p11 

    Family businesses are one of the foundations of the global economy. Their creation, development and operation is important, both for the national and global economy. The study is the result of search responses to the problem of the essence and meaning of the competence of the successor/manager...

  • Gerencia de las empresas familiares y no familiares: análisis comparativo. Omaña Guerrero, Lenix Margarita; Briceño Barrios, María Auxiliadora // Estudios Gerenciales;jul-sep2013, Vol. 29 Issue 128, p293 

    In the economic sphere there are companies called family businesses and have clearly identified features. These organizations coexist with companies that have no family characteristics. The purpose of this study is to analyze management in both types of companies. The research was framed on a...

  • Performance Effects of the Transition from Family Managed Firms to Professionally Managed Firms. Sea Jin Chang; JUNG WOOK SHIM // Academy of Management Annual Meeting Proceedings;2012, Vol. 2012 Issue 1, p1 

    This study explores whether, when, and how the transition from family to professional management leads to better performance in the context of Japanese firms from 1962 to 2004. In order to avoid endogeneity, we employ the propensity score matching and difference-in-difference technique and find...

  • When family and business roles blur. Hoover, Edwin A.; Hoover, Colette Lombard // GPN: Greenhouse Product News;Jul97, Vol. 7 Issue 7, p48 

    Discusses how to resolve the problems involving a family member in a family business operation. Steps to help resolved the problems connected with family employee performance and accountability; Three circles in the family business system; System of compensation in a family business; Importance...

  • Make Your Family Business Functional. Smigel, Lloyd Merritt // Pest Control;Oct2002, Vol. 70 Issue 10, p18 

    Discusses how to make family businesses more functional by dealing with expectations. Changing expectations of generations; Importance of defining goals together; Turning over operations to the next generation.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics