Murat Karaoz

• Full Professor
• Professor (Full) at Süleyman Demirel University

We investigate the determinants of young, small firm diversification by using longitudinal linked employer-employee data. We focus particularly on the role played by the sharing of managerial and qualified human resources, as well as market uncertainty and entry mistakes. We find that a small but significant proportion of young, small firms diversi...

Structural evolution of the industries involves the mechanism of market selection, which comprises entry, exit as well as market share changes, mobility, of incumbent firms. However, entry and exit studies so far have paid attention to the interdependencies only between the entry and exit. In this paper, we include the third dimension of mobility f...

Having a highly centralized administrative system, Turkey’s development policies have been managed and directed by the central ministries which led to further state dependency in the local and avoid the self-evolution of regional policy making capacity. Thus the premature nature of regional development in Turkey, by and large, necessitates top-to-d...

Young firm diversification is examined investigating whether diversifying firms have higher survival chances. We use extensive longitudinal data containing information on firms’ characteristics and environmental conditions, and their evolution over time. Firms that are born diversified are more likely to survive, suggesting that pre-entry capabilit...

Young firm diversification is examined investigating the determinants of the timing of diversification (i.e. how long it takes from start-up to diversification). We use extensive longitudinal data containing information on firms’ characteristics and environmental conditions, and their evolution over time. We find that only a very small proportion o...

We examine whether founders’ backgrounds influence new firm survival in the early years after start-up. We develop hypotheses linking founders’ backgrounds to pre-entry capabilities associated with entrepreneurial human capital, highlighting the cases of spin-offs and habitual entrepreneurs. In particular, the subject of unemployment-driven entrepr...

Turbulence over the industry life cycle is examined for the case of Portugal using the lowest possible level of industry aggregation, thus allowing for the use of panel data to study the evolution of product markets. Replacement of exiting firms by subsequent entrants plays a primary role in generating turbulence in high growth markets, while displ...

This paper gives an empirical analysis of determinants of firm survival in the manufacturing sector of Lakes Region (Turkey) from 2003 to 2009. The survival activities of the firms are measured through a four-dimensional, namely firm based, industry/environment based, innovation based and human capital based, questionnaire consisting of 49 question...

Diversification is a relatively untapped topic among studies focusing on young, small firms. Nevertheless, a range of studies indicate that diversification has been a favored growth strategy among a small proportion of these firms. Diversifying young firms may be looking for synergies or the sharing of co-specialized innovative assets between diffe...

We examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incu...

We examine whether founders’ backgrounds influence new firm survival in the early years after start-up. We develop hypotheses linking founders' backgrounds to pre-entry capabilities associated with entrepreneurial human capital, highlighting the cases of spin-offs and habitual entrepreneurs. The subject of unemployment-driven entrepreneurship is...

Formato derived a useful formula of the amount of periodic level (“equal”) payment in a skip payment loan with arbitrary skips using a second-order finite difference equation. Moon rederived Formato's formula using time value of money and also extended Formato's result to the case that periodic payments occur in a geometric-gradient series. We rede...

IMPACT OF HIGHWAYS ON ECONOMIC PERFORMANCE ABSTRACT It has been deemed that technological change, competition and education are among principle sources of economic growth. However, until recently, impact of public capital infrastructure such as highways on economic growth, as a complementary factor, has been ignored within the literature. An increa...

Business incubators are mechanisms which aim to formation and development of new ventures and to survive of these ventures through various supportive services. The aim of this study is to examine the effects of business incubator programs and its services on tenant firm performance in the context of Business Development Centers (ISGEMs). The study...

Bu çalışma iki bölümden oluşmaktadır. Birinci bölümde Türkiye için 1950-1995 yılları arasındaki cari sistemler açığının nedenlerini özet olarak incelenmektedir. Veriler bu açığın borç ödemeleri ve ticaret dengesi ile ilişkili olduğunu göstermektedir. İkinci bölüm 1971-1995 dönemi için enflasyon ve yurt dışındaki işçi döviz transferleri ilişkisini t...