This study examines why the Hyundai Motors Corporation (HMC) decided to invest in the Czech Republic in 2005 rather than investing in Turkey, within a conceptual framework based on mainly Dunning's, Porter's and Knickerbroker's earlier works. The paper argues that locational advantages, for...

By utilizing a non-parametric Malmquist index approach, we investigate the initial changes in the productivity and efficiency of the “traditional” Turkish banks in an era of financial liberalization (1980-1990). We hypothesize that the new liberal environment along with heightened...