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Build-operate-transfer projects as a hybrid mode of market entry: The case of Yavuz Sultan Selim Bridge in Istanbul

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  • Uner, M. Mithat
  • Çavuşgil, Erin
  • Çavuşgil, S. Tamer

Abstract

BOT (Build- Operate-Transfer) projects are well known to sponsors and contractors of mega infrastructure projects around the world. The massive scale and long-term time frame of these construction projects require non-traditional business relationships among the sponsors, prime contractors, sub-contractors, and a host of other vendors. The BOT model is typically sought by local and national governments that cannot independently finance complex mega projects.

Suggested Citation

  • Uner, M. Mithat & Çavuşgil, Erin & Çavuşgil, S. Tamer, 2018. "Build-operate-transfer projects as a hybrid mode of market entry: The case of Yavuz Sultan Selim Bridge in Istanbul," International Business Review, Elsevier, vol. 27(4), pages 797-802.
    • Handle: RePEc:eee:iburev:v:27:y:2018:i:4:p:797-802
    DOI: 10.1016/j.ibusrev.2018.01.003
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    References listed on IDEAS

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    2. Auriol, Emmanuelle & Picard, Pierre M., 2013. "A theory of BOT concession contracts," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 187-209.
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    4. Ilker Ersegun Kayhan & Glenn P. Jenkins, 2016. "Build-Operate-Transfer Projects in Turkey: Contingent Liabilities and Associated Risks," Development Discussion Papers 2016-01, JDI Executive Programs.
    5. Peter J. Buckley & Mark Casson, 2010. "Analysing Foreign Market Entry Strategies: Extending the Internalisation Approach," Palgrave Macmillan Books, in: The Multinational Enterprise Revisited, chapter 8, pages 177-204, Palgrave Macmillan.
    6. Sanjeev Agarwal & Sridhar N Ramaswami, 1992. "Choice of Foreign Market Entry Mode: Impact of Ownership, Location and Internationalization Factors," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 23(1), pages 1-27, March.
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    Cited by:

    1. Uner, M. Mithat & Cetin, Burak & Cavusgil, S. Tamer, 2020. "On the internationalization of Turkish hospital chains: A dynamic capabilities perspective," International Business Review, Elsevier, vol. 29(3).
    2. Yu Zeng & Weidong Chen, 2019. "The Determination of Concession Period for Build-Operate-Transfer Solar Photovoltaic Power Project under Policy Incentives: A Case Study of China," Energies, MDPI, vol. 12(18), pages 1-23, September.
    3. Sarianna Lundan & Gunnar Leymann, . "Investing in sustainable infrastructure: new directions for international business research," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.

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