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Conference Object Citation - WoS: 16Citation - Scopus: 18Determinants of Entry in Turkish Manufacturing Industries(Springer, 2006) Gunalp, Burak; Cilasun, Seyit MuminThe entry of new firms into markets plays an important role in efficient resource allocation and evolution for long term economic growth. Employing dynamic panel data techniques, this paper investigates entry behavior in 66 four-digit Turkish manufacturing industries for the 1993-1999 period. The results of this paper suggest that potential entrants observe the market before the entry takes place; entry is, in general, a follow-up process; and incumbent firms seem to collude to prevent entry in Turkish manufacturing industries. In addition, the real interest rate appears to be a very important determinant of entry decision.Article Citation - WoS: 1Citation - Scopus: 1An Empirical Analysis of the Average Plant Start-Up Size in Turkish Manufacturing Industries(Springer, 2012) Cilasun, Seyit Mumin; Gunalp, BurakMany studies have found start-up size of a firm to be an important determinant of its subsequent performance and probability of survival. The aim of this study is to investigate the determinants of average plant start-up size in 51 four-digit Turkish manufacturing industries for the period 1993-1999. The results of the study suggest that while industry characteristics such as industry growth rate and capital intensity have a positive impact on the average plant start-up size, industrial concentration, import penetration, and the change in research and development expenditures are negatively associated with the same variable. In addition, the macroeconomic environment is also an important determinant of the choice of plant start-up size. Finally, we find evidence that may indicate 'following' (herd) behavior in Turkish manufacturing industries.
