Board composition, family ownership, institutional distance and the foreign equity ownership strategies of Turkish MNEs

dc.authorid0000-0002-9119-3252
dc.contributor.authorTatoğlu, Ekrem
dc.contributor.authorTatoğlu, Ekrem
dc.contributor.authorİlhan-Nas, Tülay
dc.contributor.authorOkan, Tarhan
dc.contributor.authorTatoğlu, Ekrem
dc.contributor.authorDemirbağ, Mehmet
dc.contributor.authorWood, Geoffrey
dc.contributor.authorGlaister, Keith W.
dc.contributor.otherYönetim Bilimleri Fakültesi, İşletme Bölümü
dc.contributor.otherYönetim Bilimleri Fakültesi, İşletme Bölümü
dc.date.accessioned2018-08-01T08:58:52Z
dc.date.available2018-08-01T08:58:52Z
dc.date.issued2018
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İşletme Bölümü
dc.description.abstractIn much of the developing world, families represent the dominant form of firm ownership. This study investigates how this influences equity ownership strategies when firms venture abroad. Drawing on agency theory and institutional theory, we investigate the direct effect of board composition and family ownership on the equity-based ownership strategies of multinational enterprises (MNEs) in their affiliates, and how institutional distance may moderate this. Examining foreign affiliates of listed Turkish MNEs, we find that a high ratio of independent directors is negatively linked to levels of equity ownership of MNE affiliates. We also find that a high ratio of inside directors on the board is positively associated with the equity stake of MNEs in their affiliates. The significant interaction effect between board composition, family ownership and institutional distance helps explain the unexpectedly weak effects of institutional distance.
dc.identifier.citationİlhan-Nas, T., Okan, T., Tatoğlu, E., Demirbağ, M., Wood, Geoffrey, G., Keith W. (2018). Board composition, family ownership, institutional distance and the foreign equity ownership strategies of Turkish MNEs. Journal of World Business. [in press]
dc.identifier.doi10.1016/j.jwb.2018.07.006
dc.identifier.endpage1
dc.identifier.scopus2-s2.0-85050660277
dc.identifier.scopusqualityQ1
dc.identifier.startpage18
dc.identifier.urihttps://doi.org/10.1016/j.jwb.2018.07.006
dc.identifier.urihttps://hdl.handle.net/20.500.12154/350
dc.identifier.wosWOS:000447083400007
dc.identifier.wosqualityQ1
dc.indekslendigikaynakScopus
dc.indekslendigikaynakWeb of Science
dc.institutionauthorTatoğlu, Ekrem
dc.institutionauthorid0000-0002-9119-3252
dc.language.isoen
dc.publisherElsevier
dc.relation.ihupublicationcategory114
dc.relation.ispartofJournal of World Business
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectBoard Composition
dc.subjectForeign Equity Ownership Strategy
dc.subjectFamily Business
dc.subjectAgency Theory
dc.subjectInstitutional Theory
dc.subjectInstitutions
dc.subjectEmerging MNEs
dc.subjectTurkey
dc.titleBoard composition, family ownership, institutional distance and the foreign equity ownership strategies of Turkish MNEs
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublication29f46236-65bf-4da8-b2be-b9826daecb5e
relation.isAuthorOfPublication.latestForDiscovery29f46236-65bf-4da8-b2be-b9826daecb5e
relation.isOrgUnitOfPublicationc9253b76-6094-4836-ac99-2fcd5392d68f
relation.isOrgUnitOfPublication.latestForDiscoveryc9253b76-6094-4836-ac99-2fcd5392d68f

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