- List of Figures
- List of Tables
- Notes on Contributors
- Foundations of Business Groups: Towards an Integrated Framework
- Business Groups in Historical Perspectives
- Business Groups in Prewar Japan: Historical Formation and Legacy
- Business Networks in Postwar Japan: Whither the Keiretsu?
- Business Groups in South Korea
- Business Groups in Taiwan
- Business Groups in China
- Business Groups in Thailand
- Business Groups in Singapore
- Business Groups in India
- Business Groups in Argentina
- Business Groups in Brazil
- Business Groups in Chile
- Business Groups in Mexico
- Business Groups in Israel
- Business Groups in Turkey
- Business Groups in Russia
- Business Groups in South Africa
- Business Groups in Emerging Markets: Paragons or Parasites?
- The Riddle of the Great Pyramids
- Economic Institutions and the Boundaries of Business Groups
- Business Groups and the State: The Politics of Expansion, Restructuring, and Collapse
- Corporate Governance of Business Groups
- The Kin and the Professional: Top Leadership in Family Business Groups
- Diversification Strategy and Business Groups
- Capability Building in Business Groups
- Technological Innovation and Business Groups
Abstract and Keywords
This article aims to examine the evolution of the Turkish large-enterprise economy focusing on the family-owned diversified business groups. Turkey presents a still-unexplored yet fascinating national instance of the primacy of business groups, because that nation exemplifies an environment that differs both from East Asia and from Latin America. By concentrating on the different geographical environment of Turkey, the present research provides a fresh look at the development of business groups. In doing so, this study, utilizing the data in various primary and secondary sources, first comes up with a comprehensive list of the largest economic players in Turkey such as business groups, independent companies, state-owned enterprises, and multinational subsidiaries. That list reveals that business groups remain the core element of the large-enterprise economy of Turkey. This article then focuses on the overall growth strategies of Turkish business groups. These discussions lead to structure and governance concerns.
Asli M. Colpan is Associate Professor and Mizuho Securities Chair in Strategy and International Business at the Graduate School of Management, Kyoto University. She is also Adjunct Associate Professor of the Kyoto Consortium for Japanese Studies at Colombia University. Her research interests include corporate strategy, corporate governance, and especially the evolution of large enterprises in industrial and emerging economies. Her work has been published in Industrial and Corporate Change, Asia Pacific Journal of Management, and Asian Business and Management.
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