Analysis of ownership structurein foreign direct investments

The aim of this dissertation is to find answers to the following research questions: i) What are the characteristics of inward FDI?s to OECD member countries, to Turkey and to Germany? ii) How are source countries of inward FDI?s to Turkey as a developing country being clustered based on similarities in intracompany and external environmental factors? iii) How are source countries of inward FDI?s to Germany as a developed country being clustered based on similarities in intracompany and external environmental factors? iv) Which business life and firm-unique factors have influences over foreign ownership concentration of inward FDI?s to Turkey as a developing country? v) Which business life and firm-unique factors have influences over foreign ownership concentration of inward FDI?s to Germany as a developed country? Cluster analysis and multiple linear regression analysis methods are used in this study. There are ten approaches about building ownership strategy in theoretical literature. Results of this research are as follows: ?culture approach? is valid for clustering source countries based on similarities for both countries; ?transaction cost approach? is valid for explaining foreign ownership concentration for both countries. Moreover, ?bargaining power approach? is applicable to explain foreign ownership concentration of investments to Turkey, whereas ?organizational competences approach? is applicable to explain foreign ownership concentration of investments to Germany. Keywords: International Investment Decisions, Ownership Structure, Corporate Governance