Araştırma Makalesi

Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries

Cilt: 15 Sayı: 1 30 Mart 2022
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Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries

Öz

The literature on internationalization strategies of multinational enterprises traditionally examines the activities and strategies of multinational enterprises originating from developed markets; besides, it is an area that is developing more rapidly with the multiplier effect of globalization processes. However, in recent years, this field has started to attract attention with the increase in foreign direct investments made by multinational enterprises originating from emerging markets to other countries. In this study, it is aimed to understand the contributions that multinational enterprises originating from emerging markets can make to mainstream theories in the field of international business, and to focus on the differences between emerging-market multinational enterprises and developed market multinational enterprises in terms of internationalization strategies. In this context, Yılport Holding, which is a container terminal operator in Turkey, and recently attracted attention with its foreign direct investments in both developed and emerging markets, by being the 11th largest company on a global scale in a very short time, has been examined as a case study. The fact that Yılport Holding, a multinational company originating from the emerging market, has grown rapidly through acquisitions in a very short time, as well as gaining an unexpected advantage in terms of ownership advantage, branding and courage to enter the market, are all in contradiction with traditional internationalization theories. These can be explained as the efforts of multinational enterprises originating from emerging markets to quickly catch up with and surpassing multinational enterprises originating from developed countries by eliminating various disadvantages arising from these markets.

Anahtar Kelimeler

Kaynakça

  1. Beausang, F. (2003). Third world multinationals: Engine of Competitiveness or New Form of Dependency? Springer, New York.
  2. Bevan, A., Estrin, S., & Meyer, K. (2004). Foreign Investment Location and Institutional Development in Transition Economies. International Business Review, 13(1), 43-64.
  3. Brouthers, L. E., Gao, Y., & McNicol, J. P. (2008). Corruption and Market Attractiveness Influences on Different Types of FDI. Strategic Management Journal, 29(6), 673-680.
  4. Buckley, P. J., Clegg, L. J., Cross, A. R., Liu, X., Voss, H. & Zheng, P. (2007). The Determinants of Chinese Outward Foreign Direct Investment. Journal of International Business Studies, 38(4): 499-518.
  5. Canpolat, R. (2016). “Yılport Holding Yönetim Kurulu Başkanı Yüksel Yıldırım, Deniz Haber Ajansı'na konuştu” https://www.denizhaber.net/yilport-holding-yonetim-kurulu-baskani-yuksel-yildirim-deniz-haber-ajansina-konu-haber-70340.htm, (Access: 04.10.2020).
  6. Cantwell, J., & Barnard, H. (2008). Do firms from emerging markets have to invest abroad? Outward FDI and the competitiveness of firms. In The rise of transnational corporations from emerging markets: Threat or opportunity, Sauvant, K. P. 55-85.
  7. Child, J., & Rodrigues, S. B. (2005). The Internationalization of Chinese Firms: A Case for Theoretical Extension? Management and Organization Review, 1(3), 381-410.
  8. Coase, R.H. (1937), The Nature of the Firm, Economica, 1(November), 386–405.

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

30 Mart 2022

Gönderilme Tarihi

31 Aralık 2021

Kabul Tarihi

14 Ocak 2022

Yayımlandığı Sayı

Yıl 2022 Cilt: 15 Sayı: 1

Kaynak Göster

APA
Atalay, M., Aydın Ünal, D., Balık, İ., & Fidan, A. (2022). Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries. Kent Akademisi, 15(1), 358-374. https://doi.org/10.35674/kent.1051963
AMA
1.Atalay M, Aydın Ünal D, Balık İ, Fidan A. Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries. Kent Akademisi. 2022;15(1):358-374. doi:10.35674/kent.1051963
Chicago
Atalay, Murat, Duygu Aydın Ünal, İsmet Balık, ve Ahmet Fidan. 2022. “Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries”. Kent Akademisi 15 (1): 358-74. https://doi.org/10.35674/kent.1051963.
EndNote
Atalay M, Aydın Ünal D, Balık İ, Fidan A (01 Mart 2022) Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries. Kent Akademisi 15 1 358–374.
IEEE
[1]M. Atalay, D. Aydın Ünal, İ. Balık, ve A. Fidan, “Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries”, Kent Akademisi, c. 15, sy 1, ss. 358–374, Mar. 2022, doi: 10.35674/kent.1051963.
ISNAD
Atalay, Murat - Aydın Ünal, Duygu - Balık, İsmet - Fidan, Ahmet. “Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries”. Kent Akademisi 15/1 (01 Mart 2022): 358-374. https://doi.org/10.35674/kent.1051963.
JAMA
1.Atalay M, Aydın Ünal D, Balık İ, Fidan A. Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries. Kent Akademisi. 2022;15:358–374.
MLA
Atalay, Murat, vd. “Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries”. Kent Akademisi, c. 15, sy 1, Mart 2022, ss. 358-74, doi:10.35674/kent.1051963.
Vancouver
1.Murat Atalay, Duygu Aydın Ünal, İsmet Balık, Ahmet Fidan. Internationalization Strategies of Emerging-Market Multinational Enterprises: The Case of Investments Made by Yılport Holding in Port Cities in Foreign Countries. Kent Akademisi. 01 Mart 2022;15(1):358-74. doi:10.35674/kent.1051963

Cited By

Kent Akademisi | Kent Kültürü ve Yönetimi Dergisi / Urban Academy | Journal of Urban Culture and Management

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