Kayacı, Ayşe ÇobanAtaay, Aylin2024-04-242024-04-2420201306-67301306-6293https://search.trdizin.gov.tr/yayin/detay/389647https://hdl.handle.net/11468/28273Resource exploration has been seen as the main reason forthe accelerated internationalization of emerging marketfirms. However, despite their specific contexts and organizational forms, emerging market multinational companies(EM MNCs) literature underestimated the context-specificfactors and their effect on foreign direct investment activity so far. EM MNCs in those markets may have their ownfirm-specific resources that fit their institutional contextsand can eliminate transaction costs, which result fromthose contexts. For instance, Business Groups (BG) withtheir unique attributions would have a hybrid internationalization model like their forms, in those markets. Thisstudy will try to propose a multi-theoretical perspective,which includes resource, transaction costs and institutionbased views for internationalization of family BGs (FBG),which is a dominant form of organizing in Turkey. Hence,the determinants of the internationalization level of FBGwill be discussed from different perspectives and proposed.eninfo:eu-repo/semantics/openAccessArticle152677698389647