Unfavorable business environment and foreign direct investment activities of Tukish manufacturing firms

Bu makale, Türkiye’deki olumsuz iş çevresinin Türk imalat sektörü firmalarının doğrudan yurtdışı yatırımlar yoluyla yurtdışına açılmalarındaki etkisini görgül olarak araştırmayı amaçlamaktadır. Makalede, 1980’lerin ortalarından başlayarak 28 ülkede doğrudan yurtdışı yatırımı olan 94 Türk imalat sektörü firmasından anket tekniğiyle elde edilen veriler kullanılmaktadır. Bu verilerin analizi göstermektedir ki gaz, elektrik ve su maliyeti, döviz kurlarındaki istikrarsızlı k, yüksek enşasyon oranı ve politik istikrarsızlık Türk imalat sektörü firmalarını yurtdışında yatırıma iten önemli faktörlerdendir. Bu faktörlerin göreceli önemi firmaların yaşına ve büyüklüğüne bağlı olarak değişmekte iken; sözü edilen faktörlerin önemi örneklemdeki firmaların alt sektörlerine göre farklılık göstermemektedir.

Olumsuz iş çevresi ve Türk imalat sektörü firmalarının yurdışına doğrudan yatırımları

The purpose of this paper is to empirically investigate the influence of the home country’s unfavorable business environment on the internationalization of Turkish manufacturing firms (TMFs) via FDI. This study uses cross-sectional survey data from a sample 94 TMFs that have equity investment in 28 countries since the mid 1980s. The research results indicate that utility costs, unstable exchange rates, high inflation rate and political instability are considered to be the most important push motives of TMFs. While the relative importance of push motives (i.e., unfavorable business environment) vary with respect to the sampled firm’s ages and, to some extent, their sizes; the motives do not vary based on TMFs’ subsector

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