ANALYSIS OF FIRMS’ MOTIVATIONS IN ENTERING THE LIST OF THE TOP 500 LARGEST INDUSTRIAL ENTERPRISES (1993-2021)

Authors : Gülçin Gürel Günal, Özge Erdölek Kozal

Pages : 884-898

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Publication Date : 2023-10-18

Article Type : Research Paper

Abstract :The study analyzes the motivating factors for firms seeking entry into the list of 500 large industrial enterprises during the period 1993-2021. In this context, a market entry model, one of the market behaviors within industrial organization approaches, is established, and the logistic regression method is employed. The model encompasses six sub-sectors, all of which have maintained a presence on the list of 500 large industrial enterprises since 1968, including the manufacturing of food, beverages, and tobacco products; textiles, wearing apparel, and leather products; chemical, petroleum, coal, rubber, and plastic products; other non-metallic mineral products; basic metals; and fabricated metal products. Our broader findings reveal that firms are primarily motivated by sector-specific variables to seek entry, such as the number of employees, productivity, equity, and market growth. In addition to these dynamics, the public sector\'s research and development expenditures, foreign direct investments, and export value are the macroeconomic indicators that motivate market entry.
Keywords : Endüstriyel Organizasyon, Piyasa Davranışı, Piyasaya Giriş, 500 Büyük Sanayi Kuruluşu, Sanayi Sektörü