Araştırma Çıktıları | WoS | Scopus | TR-Dizin | PubMed
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Publication Metadata only A causal analysis of formal strategic planning and firm performance - Evidence from an emerging country(EMERALD GROUP PUBLISHING LTD, 2008) Glaister, Keith W.; Dincer, Omer; Tatoglu, Ekrem; Demirbag, Mehmet; Zaim, Selim; Bahcesehir University; University of Sheffield; Grand National Assembly of Turkey; Fatih UniversityPurpose - The purpose of this paper is to examine the nature of the strategic planning-performance relationship by drawing on data from a sample of Turkish firms. Design/methodology/approach - The sample frame for the study was derived from the database of the Istanbul Chamber of Industry's 500 largest Turkish manufacturing companies and the database of companies quoted on the Istanbul Stock Exchange. Based on a postal survey, 135 usable questionnaires were returned. Using LISREL causal modeling the moderating effects of a set of contingency factors on the relationship between formal strategic planning and firm performance were investigated. Findings - The findings show that there is a good deal of support for the study's hypotheses. A strong and positive relationship was formed between formal strategic planning and firm performance, which tends to confirm the arguments of the prescriptive strategic management literature. The test results also verify the moderating roles of environmental turbulence, organization structure and firm size on the strategic planning-performance link. Research limitations/implications - Strategic planning and its key dimensions represent a subtle and complex activity, and that to obtain rich data on such phenomena may be best accomplished through research methods that employ qualitative data gathering techniques. Incorporation of qualitative performance measures, in addition to financial measures would enrich our understanding of the planning-performance relationship. Practical implications - After almost a decade of relative neglect perhaps this research issue will again begin to attract the kind of attention that it deserves. Although strategy is often considered to be a universal practice, it is better thought of as many different crafts, varying according to its different contexts. So, the impact of various contexts on the planning-performance relationship should be taken into account. Originality/value - Prior studies that have examined strategic planning-performance relationship have tended to focus on firms from industrialized countries. This is one of the first studies that has explicitly modeled and empirically tested the relationship in an emerging country context.Publication Metadata only Measuring strategic decision making efficiency in different country contexts: A comparison of British and Turkish firms(PERGAMON-ELSEVIER SCIENCE LTD, 2010) Demirbag, Mehmet; Tatoglu, Ekrem; Glaister, Keith W.; Zaim, Selim; Bahcesehir University; University of Sheffield; Fatih UniversityThis paper compares the relative efficiency of the strategic decision making (SDM) processes of British and Turkish firms. The technique of data envelopment analysis (DEA) is used to measure the relative efficiency of these firms. The evidence obtained by the DEA analysis reveals that the Turkish firms tend to be superior to the British firms in terms of their SDM efficiency. There is a significant difference in scale returns with respect to the country of origin of the firms. The analysis of the improvement potential of inputs indicates that Turkish firms place more emphasis on managing environmental turbulence to enhance their SDM efficiency, while British firms tend to overly focus on the design of an appropriate organizational structure. However, no significant difference was noted between the two groups of firms with regard to the level of resources and effort exerted on formal strategic planning practices. The analysis of output deficits reveals that there is a significant difference between British and Turkish firms in the sources of inefficiency. (C) 2009 Elsevier Ltd. All rights reserved.Publication Metadata only Institutional and transaction cost influences on MNEs' ownership strategies of their affiliates: Evidence from an emerging market(ELSEVIER SCIENCE INC, 2007) Demirbag, Mehmet; Glaister, Keith W.; Tatoglu, Ekrem; University of Sheffield; Bahcesehir UniversityThis paper examines the impact of institutional, and transaction cost specific variables on MNEs' choice of equity ownership in their foreign affiliates. We consider the determinants of the choice of foreign investors between full ownership (setting up a wholly owned greenfield subsidiary or engaging in a full acquisition) and sharing ownership with a local firm (establishing a greenfield joint venture or making a partial acquisition). Drawing on both transaction cost and institutional theories, a number of hypotheses are developed. Based on a dataset of 6838 foreign affiliates in Turkey, the empirical analysis reveals that institutional variables are important in explaining the equity composition of foreign affiliates. Particularly important in determining equity ownership were found to be political risk, cultural distance, linguistic distance, agglomeration, location and the size of the affiliate. A distinguishing feature of the paper is that we examine the marginal effects of the independent variables in explaining ownership patterns of MNEs. (C) 2007 Elsevier Inc. All rights reserved.Publication Metadata only Equity-based entry modes of emerging country multinationals: Lessons from Turkey(ELSEVIER SCIENCE INC, 2009) Demirbag, Mehmet; Tatoglu, Ekrem; Glaister, Keith W.; University of Sheffield; Bahcesehir UniversityBased on a sample of 522 foreign affiliates of Turkish multinational enterprises (MNEs) with varying levels of Turkish equity ownership, this study provides an empirical analysis of the determinants of equity-based entry mode strategies in host country markets. A number of hypotheses are developed to examine the impact of institutional, transaction specific and firm level variables on Turkish MNEs' choice of equity ownership mode in their foreign affiliates. The results reveal that institutional variables are important in explaining the equity composition of foreign affiliates of Turkish MNEs. Particularly important in determining equity ownership mode were found to be political constraints, linguistic distance, knowledge infrastructure and the extent of parent diversity. Results concerning the influences of the size of the affiliate are contrary to expectations and contradict the findings of previous research. No support was found for the impact of Cultural distance on the equity ownership mode of Turkish MNEs in their foreign affiliates. Apart from political constraints, equity ownership choice and its underlying determinants do not vary between emerging and developed host country markets. (C) 2008 Elsevier Inc. All rights reserved.Publication Metadata only Does Foreign Direct Investment Promote Economic Growth? Evidence from Turkey(2005) Gunaydin, Ihsan; Tatoglu, Ekrem; Gunaydin, Ihsan, Karadeniz Technical University, Trabzon, Turkey; Tatoglu, Ekrem, Bahçeşehir Üniversitesi, Istanbul, TurkeyThis paper examines the causal relationship between foreign direct investment (FDI) and economic growth in Turkey using annual data for the period 1968-2002, by means of cointegration, error-correction models (ECM) and the augmented vector autoregressive (VAR) methodology developed by Toda and Yamamoto (1995). Johansen (1992) cointegration test results indicate that these two variables are cointegrated. The empirical results from Granger causality tests based on error-correction models and the augmented level VAR suggest that there is a strong evidence of bi-directional Granger causality between FDI and economic growth, corroborating the feedback hypothesis for Turkey over the sample period. © 2005, Emerald Group Publishing Limited © 2016 Elsevier B.V., All rights reserved.Publication Metadata only Evidence on formal strategic planning and company performance(2006) Falshaw, J. Richard; Glaister, Keith W.; Tatoglu, Ekrem; Falshaw, J. Richard, Leeds University Business School, Leeds, United Kingdom; Glaister, Keith W., Leeds University Business School, Leeds, United Kingdom; Tatoglu, Ekrem, Faculty of Business Administration, Bahçeşehir Üniversitesi, Istanbul, TurkeyPurpose - This empirical study of 113 UK companies attempts to examine the relationship between formal strategic planning and financial performance in a non-US context while taking into consideration the important contingent variables identified by previous researchers of organizational size, environmental turbulence and industry. Design/methodology/approach - Based on a postal questionnaire primary data was collected from 113 UK companies. A series of multivariate analyses were undertaken to test the hypothesized relationships. Findings - While hypotheses explaining the formality of a company's planning process were well accounted for, no relationship between formal planning process and subjective company performance was observed. Research limitations/implications - Measurement validity may be a problem. The data are cross-sectional, therefore causal linkages among the variables cannot be firmly established. Related to this point is the fact that firm performance is a function of prior, not current, planning and other management practices. Longitudinal data would be needed in order to prove that causal relationships exist and control for time lag effects. Originality/value - Despite the continued importance of performance objectives in the prescriptive literature, recent attention has not been given to strategic planning and performance in empirical research. One function of this paper is to re-kindle this area of research. More specifically, the empirical study reported in this paper draws on data from UK companies, which is novel in this stream of research. In a review of 29 relevant studies by Greenley (1994) the only study identified reporting UK data was that of Grinyer and Norburn (1975), the majority of the remaining studies reporting data from the USA. Greenley notes that while this represents a stream of research from a single business culture, the major issue is one of relevance to the practice of strategic planning in Europe and other countries. Although the principles of strategic planning should, of course, have universal application, there may be national differences in strategic planning, country dependent influences from business culture, and influences from different national trading conditions. The strategic management field can be criticized for not examining particular phenomena in non-US contexts, with respect to the impact of FSP and organizational performance this study attempts to rectify this imbalance. © Emerald Group Publishing Limited. © 2006 Elsevier B.V., All rights reserved.Publication Metadata only A Comparative Study of Foreign Direct Investment Activities in Georgia and Kyrgyz Republic(2006) Kaynak, Erdener; Yalcin, Serkan; Tatoglu, Ekrem; Kaynak, Erdener, Penn State Harrisburg, Middletown, United States; Yalcin, Serkan, Saint Louis University, St. Louis, United States; Tatoglu, Ekrem, Bahçeşehir Üniversitesi, Istanbul, TurkeyThis paper attempts to fill the knowledge gap in the area of foreign direct investment (FDI) research in the regions of Caucasus and Central Asia. Various dimensions of FDI were analyzed from a comparative perspective drawing on a number of selected case studies of inward investors in Georgia and Kyrgyz Republic. The results indicated that the FDI activity in Georgia and Kyrgyz Republic was a market-seeking type focusing heavily on location-specific attractions of the two countries. Although the issue of corruption affects foreign investors, it does not act as a major deterrent of FDI infl ows. The most serious problem influencing the performance of FDI firms was found to be inefficiency of local labor force, excessive bureaucracy and red tape, and differences inherent in the business practices of host countries. In general, however, it was found that foreign investors have been satisfied with their performance largely due to the relatively smooth competition and the availability of several market niches in both host country markets. © 2006, Emerald Group Publishing Limited © 2016 Elsevier B.V., All rights reserved.Publication Metadata only Performance of Mergers and Acquisitions in the Pharmaceutical Industry: A Comparative Perspective(2007) Tatoglu, Ekrem; Ng, Changkeong; Tatoglu, Ekrem; Tatoglu, Ekrem, The University of Sheffield, Sheffield, United Kingdom; Ng, Changkeong, The University of Sheffield, Sheffield, United Kingdom; Tatoglu, Ekrem, Bahçeşehir Üniversitesi, Istanbul, TurkeyThis study provides new evidence on the nature of value creation in M&A activity based on a sample of giant pharmaceutical M&As and independent non-M&A rival firms. Relying on multiple indicators of performance, their post-M&A performance was compared with their pre-M&A performance as well as with the performance of other major pharmaceutical firms that have not been involved in M&A activity. Based on three measures of operating M&A performance, it has been noted in general that no value creation was realized in the sample M&As in terms of research productivity, return on investment, and profit margin. The sample M&As had lower research productivity than that of both pre-M&A and independent non-M&Arival firms. In a similar vein, with regard to return on investment, M&As were not better than their pre-M&A firms, but performed relatively better than their non-M&A rivals. As far as the profit margin is concerned, the sample M&As, however, appeared to have better performance than pre-M&Afirms and almost on par with the non-M&A rivals. © 2007, Emerald Group Publishing Limited © 2016 Elsevier B.V., All rights reserved.Publication Metadata only Evolution of operations management: Past, present and future(2007) Bayraktar, Erkan; Tatoglu, Ekrem; Jothishankar, M. C.; Wu, Teresa; Bayraktar, Erkan, Bahçeşehir Üniversitesi, Istanbul, Turkey; Tatoglu, Ekrem, Bahçeşehir Üniversitesi, Istanbul, Turkey; Jothishankar, M. C., Gammerler Corporation, Bradenton, United States; Wu, Teresa (Teresa), Ira A. Fulton Schools of Engineering, Tempe, United StatesPurpose This paper seeks to analyze the evolution of shift in the area of operations management (OM) and attempts to anticipate potential developments in the relevant areas of OM. Design/methodology/approach A hybrid approach is adopted to understand how the field of OM has evolved over time relying on the perspectives of both academics and business practitioners. This evolution of shift in the area of OM is examined based on a thorough literature review and the authors’ industrial experience. Findings From the days of functional point solutions relying on concepts like reorder point to finite capacity planning, OM research at present deals with a set of important problems facing both private and public sectors at the organizational level. Most prominent of these include e-business, supply chain management, production planning and scheduling, product development, decision support systems, information-based strategy, systems development and implementation, risk and environmental management. OM has also embraced several organization-wide philosophies including lean production, mass customization and agile manufacturing. Practical implications With the advent of Internet and burgeoning of the new economy, this paper provides important insights regarding the evolution of OM in the past, recent developments at present and what the future holds for this field. It is envisaged that a focus on the issues central to OM will soon propel both researchers and industry practitioners beyond existing technologies and also provide the catalyst for developing new ones. Originality/value This paper provides useful insights to both researchers and practitioners who are interested in the field of OM. © 2007, Emerald Group Publishing Limited © 2016 Elsevier B.V., All rights reserved.Publication Metadata only An instrument for measuring the critical factors of TQM in Turkish higher education(2008) Bayraktar, Erkan; Tatoglu, Ekrem; Zaim, Selim; Bayraktar, Erkan, Faculty of Engineering, Bahçeşehir Üniversitesi, Istanbul, Turkey; Tatoglu, Ekrem, Faculty of Business Administration, Bahçeşehir Üniversitesi, Istanbul, Turkey; Zaim, Selim, Faculty of Economics and Administrative Sciences, Fatih Üniversitesi, Istanbul, TurkeyDriven by increasing competition and intensifying market forces, higher education institutes (HEIs) find total quality management (TQM) as one of the indispensable tools to adapt to the evolving new educational environment and to fulfil the expectations of their stakeholders. Based on a thorough review and synthesis of the quality management literature, this paper identifies 11 critical areas of TQM in an HEI. Operational measures of the critical factors are developed that can be used individually or in concert to produce a profile of institution-wide quality management. These measures are tested for reliability and validity using perceptual data collected from a sample of 144 academics from 22 HEIs in Istanbul, Turkey. Decision makers will be able to use this instrument to identify the extent of TQM implementation in their institutions, while researchers will be able to use it for furthering TQM research in HEIs. © 2008 Taylor & Francis. © 2008 Elsevier B.V., All rights reserved.