{"id":43,"date":"2020-01-17T04:08:57","date_gmt":"2020-01-17T04:08:57","guid":{"rendered":"http:\/\/colpan.org\/asli\/2020\/01\/17\/7-revision-v1\/"},"modified":"2026-02-24T04:46:41","modified_gmt":"2026-02-24T04:46:41","slug":"research","status":"publish","type":"page","link":"http:\/\/www.colpan.org\/asli\/research\/","title":{"rendered":"Research"},"content":{"rendered":"\n

Books:\n<\/strong><\/p>\n\n\n\n

Business, Ethics and Institutions: The Evolution of Turkish Capitalism in Global Perspectives, <\/em>eds. Asli M. Colpan and Geoffrey Jones, New York and London: Routledge, 2020. <\/p>\n\n\n\n

Business\nGroups in the West: Origins, Evolution and Resilience, <\/em>eds. Asli M. Colpan and Takashi Hikino, Oxford: Oxford U.P., 2018.<\/p>\n\n\n\n

Oxford\nHandbook of Business Groups<\/em>, eds. Asli M. Colpan, Takashi Hikino and James R.\nLincoln, Oxford: Oxford U.P., 2010 (Hardcover edition), 2012 (Paperback\nedition).  (Reviewed in Administrative Science Quarterly<\/em>,\nDecember 18, 2013).<\/p>\n\n\n\n

Articles:<\/strong><\/p>\n\n\n\n

Continuity and Change in Turkey\u2019s Largest Industrial Enterprises, 1970\u20132010<\/a>, Asli M. Colpan and\u00a0Behl\u00fcl \u00dcsdiken, Business History<\/em> Review<\/em>, 24: 313-341, 2026.<\/p>\n\n\n\n

Reconciling the tension between contextualization and generalization in qualitative international business research<\/a>, Eric Tsang and Asli M. Colpan, International Business Review<\/em>, 2025.<\/p>\n\n\n\n

Will the market for corporate control sweep through Japan? (\u4f01\u696d\u652f\u914d\u6a29\u5e02\u5834\u306f\u65e5\u672c\u3092\u5e2d\u5dfb\u3059\u308b\u304b), Marco Becht, Asli M. Colpan and Kazunori Suzuki, Commercial Law and Legal Affairs (\u5546\u4e8b\u6cd5\u52d9\uff09<\/em>No.2385, 2025. <\/p>\n\n\n\n

Owners’ nonfinancial objectives and the diversification and internationalization of business groups. Alvaro Cuervo-Cazurra and Asli M. Colpan, Corporate Governance: An International Review<\/em>, 2023. <\/p>\n\n\n\n

Conflict or alignment? The role of return-oriented foreign shareholders and domestic relational shareholders in mitigating earnings management<\/a>, Toru Yoshikawa, Ignacio Requejo, Asli M. Colpan and Daisuke Uchida, Strategic Organization<\/em>, 2022.<\/p>\n\n\n\n

Business Groups: Panics, Runs, Organ Banks and Zombie Firms, Asli M. Colpan and Randall K. Morck, National Bureau of Economic Research, 2021. Business Groups: Panics, Runs, Organ Banks and Zombie Firms | NBER<\/a><\/p>\n\n\n\n

What do we know about the internationalization of Asian business groups? A systematic review and future research agenda, Jeoung Y. Lee, Asli M. Colpan, Yeon-Sik Ryu, Tomoki Sekiguchi, Asian Business and Management, 2021. <\/p>\n\n\n\n

 <\/strong>\u2018Corporate Social Responsibility in Business Groups\u2019, Melsa Ararat, Asli M. Colpan and Dirk Matten, Encyclopedia of Business and Professional Ethics, edited by Alex Michalos and Deborah Poff, Springer Nature, 2020. <\/p>\n\n\n\n

\u2018The functions of the HQ unit revisited: the multidivisional enterprise vs. the business group\u2019, <\/strong>Asli M. Colpan and Takashi Hikino, Entreprises et Histoire<\/em>, No:94, 2019.  <\/p>\n\n\n\n

\u2018Business groups and the corporate responsibility for the public good\u2019, Melsa Ararat, Asli M. Colpan and Dirk Matten, Journal of Business Ethics<\/em>, 153 (4):, 2018. <\/p>\n\n\n\n

‘Business groups as an organizational model’, Asli M. Colpan and Alvaro Cuervo-Cazurra, Oxford Encyclopedia of Business and Management, Oxford University Press, 2018.  <\/p>\n\n\n\n

 \u2018Business groups and corporate governance: Review Synthesis and Extension, Colli, Andrea and Colpan Asli. M. Corporate Governance: An International Review<\/em>, 24 (3): 274-302, 2016 (SSCI).<\/p>\n\n\n\n

 ‘Diversified business groups in the West: History and Theory’, Asli M. Colpan and Takashi Hikino, Harvard Business School Working Paper <\/em>No. 17-035, 2016.    <\/p>\n\n\n\n

\u2018Business Groups, Entrepreneurship and the Growth of the Ko\u00e7 Group in Turkey\u2019, Colpan, Asli M.  and Geoffrey Jones. Business History, 58 (1):69-88, 2016<\/em> (SSCI). <\/p>\n\n\n\n

 \u2018Leveraging Competing Institutional Logics in the Adoption of Stock Option Pay\u2019, Xuesong Geng, Toru Yoshikawa, and Asli M. Colpan, Strategic Management Journal<\/em> (SSCI), 2015.<\/p>\n\n\n\n

 ‘<\/strong>Entrepreneurship and Business Groups: An Evolutionary Perspective on the Growth of the Ko\u00e7 Group in Turkey’, Asli M. Colpan and Geoffrey Jones, Harvard Business School General Management Unit  Working Paper No. 15-035, <\/em>2014.<\/p>\n\n\n\n

\u2018How does\nexport commitment and product diversity affect the international scope-firm\nperformance relationship: Evidence from Japan\u2019, Asli M. Colpan, Andrew Delios\nand Takashi Hikino, Asian Business & Management<\/em>, 2013, 12(1),\n142-172\u3000(SSCI). <\/p>\n\n\n\n

\u2018Internationalization\nof East Asian firms\u2019, Asli M. Colpan and Takashi Hikino, Asian Business & Management<\/em>, 2013, 12 (1), 1-13 (SSCI). <\/p>\n\n\n\n

\u2018Performance\nsensitivity of executive pay: The role of foreign investors and affiliated\ndirectors in Japan\u2019, Asli M. Colpan and Toru Yoshikawa, Corporate\nGovernance: An International Review, <\/em>2012, 20 (6): 547-561, (SSCI). <\/p>\n\n\n\n

\u2018Shareholder\nHeterogeneity and Conflicting Goals: Strategic Investments in the Japanese\nElectronics Industry\u2019, Asli M. Colpan, Toru Yoshikawa, Takashi Hikino and\nEsther del Brio, Journal of Management\nStudies<\/em>, 2011, 48 (3), 591-618. (SSCI)<\/p>\n\n\n\n

\u2018Are\nstrategy-performance relationships contingent on macroeconomic environments?\nEvidence from Japan\u2019s\ntextile industry\u2019, Asli M. Colpan, Asia Pacific Journal of Management, <\/em>2008,\nVolume25, No.4: 635-665. (SSCI)<\/p>\n\n\n\n

\u2018Innovation and internationalization in the white goods GVC: the case of Arcelik\u2019, International Journal of Technological Learning, Innovation and Development<\/em>, Special Issue on \u2018Global Value Chains & Innovation Networks: Prospects for Industrial Upgrading in Developing Countries\u2019, Federico Bonaglia, Asli M. Colpan and Andrea Goldstein, 2008, Vol.1, No.4: 520-535.   <\/p>\n\n\n\n

\u2018Diversifying to\nbe the leading developmental agent: Business groups in Turkey\u2019s large-enterprise economy\u2019\n(Turkiye\u2019nin buyuk sirketler kesiminde isletme gruplarinin yeri ve\ncesitlendirme stratejileri), Asli M. Colpan and Takashi Hikino, Yonetim Arastirmalari Dergisi (Management\nResearch Journal)<\/em>, 2008, Vol: 8 (1-2): 23-58. <\/p>\n\n\n\n

\u2018Japanese\ncorporate governance: Structural change and financial performance\u2019, Asian Business and Management<\/em>, Asli M.\nColpan, Toru Yoshikawa, Takashi Hikino and Hiroaki Miyoshi, 2007, Issue No: \u3000\u30006.S1: 203-227. (SSCI)<\/p>\n\n\n\n

\u2018The\neffects of product diversity, international scope and keiretsu membership on\nthe performance of Japan\u2019s\ntextile firms in the 1990s\u2019, Asli M. Colpan, Asian\nBusiness & Management<\/em>, 2006, Issue No: 5.3: 419-445. (SSCI)<\/p>\n\n\n\n

\u2018Changing\neconomic environments, evolving diversification strategies, and differing\nfinancial performance: Japan\u2019s\nlargest textile firms, 1970-2001\u2019, Asli M. Colpan and Takashi\nHikino, Industrial and Corporate Change, <\/em>2005, Vol.14, Issue.6: 897-940.\n(SSCI)<\/p>\n\n\n\n

\u2018Diversified expansion and different business models\nin the Japanese textile industry\u2019, Asli M. Colpan, Journal of Textile,\nApparel, Technology and Management, <\/em>Vol.3, Issue 4, Winter 2004, pp.1-13.<\/p>\n\n\n\n

\u2018Product diversification and financial performance of\nJapanese textile firms: An econometric appraisal\u2019, Asli M. Colpan, Takashi\nHikino, Masahiro Shimotani and Atsushi Yokoyama, The Kyoto Economic Review<\/em>,\nVol.72 No.1\/2 April\/ October 2003, pp.77-87.<\/p>\n\n\n\n

\u2018The\nstructural transformation and strategic reorientation of Japanese textile\nbusinesses\u2019, Asli M. Colpan, Takashi Hikino, Masahiro Shimotani and Atsushi Yokoyama,\nThe Kyoto Economic Review<\/em>, Vol.No.1\/2 April\/ October 2002, pp.65-75.\nReprinted in Turkish translation as \u2018Japon tekstil endustrisinde\nyapisal degisimler ve yeniden yapilanma\u2019, Tekstil Maraton Dergisi<\/em>, Vol.\n13 No.66, May\/June, 2003, pp.75-80. <\/p>\n\n\n\n

Book chapters: <\/strong><\/p>\n\n\n\n

Business Groups: Panics, Runs, Organ Banks and Zombie Firms, Asli M. Colpan and Randall K. Morck, International Business in Times of Crisis: Tribute Volume to Geoffrey Jones<\/a>, 2022.<\/p>\n\n\n\n

\u201c\u53d6\u7de0\u5f79\u4f1a\u3067\u306e\u5973\u6027\u53d6\u7de0\u5f79\uff1a\u4f01\u696d\u4fa1\u5024\u5411\u4e0a\u3068\u30b8\u30a7\u30f3\u30c0\u30fc\u30d0\u30a4\u30a2\u30b9 (Female Directors: Benefits and Bias),\u201d in \u73fe\u4ee3\u30d3\u30b8\u30cd
\u30b9\u30a8\u30b7\u30c3\u30af\u30b9\u3068\u4f01\u696d\u4fa1\u5024\u5411\u4e0a (Modern Business Ethics and Firm Value Creation), Mingze Ma and Asli M. Colpan, 2022.<\/p>\n\n\n\n

\u2018\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\u306b\u304a\u3051\u308b\u30c0\u30a4\u30d0\u30fc\u30b7\u30c6\u30a3\u306e\u91cd\u8981\u6027\u2019, Asli M. Colpan. In \u4f01\u696d\u91d1\u878d\u3068\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u300d-\u4eac\u90fd\u5927\u5b66\u3067\u5b66\u3076\u9577\u671f\u7684\u4f01\u696d\u4fa1\u5024\u5411\u4e0a, edited by Hiroto Koda, Tokyo: \u4e00\u822c\u793e\u56e3\u6cd5\u4eba\u3000\u91d1\u878d\u8ca1\u653f\u4e8b\u60c5\u7814\u7a76\u4f1a, 2020.<\/p>\n\n\n\n

Business Groups in International Business,\nAsli M. Colpan and Alvaro Cuervo-Cazurra. In The Routledge Companion to Makers of Global\nBusiness, eds. Silva Lopes, T., Lubinski C., Tworek, H., Routledge U.P, 2019. <\/p>\n\n\n\n

Introduction:\nBusiness groups reexamined, Asli M. Colpan and Takashi Hikino. In Business\nGroups in the West: <\/em>Origins, Evolution and Resilience<\/em>, <\/em>eds. Asli\nM. Colpan and Takashi Hikino, Oxford: Oxford\nU.P., 2018.<\/p>\n\n\n\n

The\nevolutionary dynamics of diversified business groups in the West: History and\ntheory, Asli M. Colpan and Takashi Hikino. In Business Groups in the\nWest: <\/em>Origins,\nEvolution and Resilience<\/em>, <\/em>eds. Asli\nM. Colpan and Takashi Hikino, Oxford: Oxford\nU.P., 2018.<\/p>\n\n\n\n

Politics,\ninstitutions and diversified business groups: Comparisons across developed\ncountries, Ben Ross Schneider, Asli M. Colpan and Weihuang\nWong.  In Business Groups in the West: <\/em>Origins, Evolution and Resilience<\/em>, <\/em>eds. Asli\nM. Colpan and Takashi Hikino, Oxford: Oxford\nU.P., 2018.<\/p>\n\n\n\n

Open\nInnovation and Equity Alliances in Corporate Groups: The Case of Panasonic in\nJapan, Hiroyuku Nakazono, Takashi Hikino and Asli M. Colpan. In Open Innovation\nthrough Strategic Alliances, ed. Refik Culpan, Palgrave MacMillan, 2014.<\/p>\n\n\n\n

Foundations of\nBusiness Groups: Toward an Integrated Framework, Asli M. Colpan and Takashi\nHikino. In Oxford\nHandbook of Business Groups<\/em>, eds. Asli M. Colpan, Takashi Hikino and James R.\nLincoln, Oxford U.P. , 2010.<\/p>\n\n\n\n

Business groups in historical perspectives, Geoffrey\nJones and Asli M. Colpan. In Oxford Handbook of Business Groups<\/em>, eds. Asli M. Colpan, Takashi Hikino and James R. Lincoln, Oxford U.P. ,\n2010.<\/p>\n\n\n\n

Technological innovation and business groups, Mike\nHobday and Asli M. Colpan. In Oxford Handbook of Business Groups<\/em>, eds. Asli M. Colpan, Takashi Hikino and James R. Lincoln, Oxford U.P. ,\n2010.<\/p>\n\n\n\n

Business groups\nin Turkey,\nAsli M. Colpan. In Oxford Handbook of Business Groups<\/em>, eds. Asli\nM. Colpan, Takashi Hikino and James R. Lincoln, Oxford U.P. , 2010.<\/p>\n\n\n\n

Introduction, <\/em>Asli M.\nColpan, Takashi Hikino and James R. Lincoln. In Oxford Handbook of Business Groups<\/em>, eds.\nAsli M. Colpan, Takashi Hikino and James R. Lincoln, Oxford U.P. , 2010.<\/p>\n\n\n\n

Japanese enterprises in transition: Changing\nownership and governance innovation, Asli M. Colpan, Takashi Hikino and Toru Yoshikawa.\nIn Have Japanese Firms Changed?: The Lost Decade, edited by Hiroaki Miyoshi and\nYoshifumi Nakata, Palgrave Macmillan, 2010. <\/p>\n\n\n\n

The evolution of capitalism and theories of corporate\ngovernance (Kapitalizmin evrimi ve kurumsal yonetim teorileri)\u201d, Asli M.\nColpan. In Corporate\nGovernance: Rules and Institutions in Corporate Management<\/em>,(\u00d6zel Sekt\u00f6rde Kurumsal Y\u00f6netim:\n\u0130yi \u015eirket Y\u00f6netimi \u0130\u00e7in\nKurallar ve Kurumlar),\nedited by Coskun Can Aktan (in Turkish), Capital Markets Board of Turkey, Ankara, 2006,\npp.49-68.<\/p>\n\n\n\n

Course Materials: <\/strong><\/p>\n\n\n\n

“Vehbi\nKo\u00e7 and the Making of Turkey\u2019s Largest Business Group.” (B CASE), Colpan,\nAsli M., and Geoffrey Jones. Harvard Business School Case 815-078, 2015. <\/p>\n\n\n\n

“Vehbi\nKo\u00e7 and the Making of Turkey\u2019s Largest Business Group.” (A CASE), Colpan,\nAsli M., and Geoffrey Jones. Harvard Business School Case 811-081, 2013. <\/p>\n\n\n\n

“Vehbi\nKo\u00e7 and the Making of Turkey\u2019s Largest Business Group (Teaching Note).”,\nColpan, Asli M., and Geoffrey Jones. Harvard Business School Teaching Note\n811-104. <\/p>\n\n\n\n

Book reviews:<\/strong><\/p>\n\n\n\n

Corporate\nGovernance in Japan: Institutional Change and Organizational Diversity<\/em>, (eds.\nMasahiko Aoki, Gregory Jackson and Hideaki Miyajima), Waseda University\nCommerce Review, 2008, No.417: 239-245.<\/p>\n\n\n\n

Papers in conference proceedings: <\/strong><\/p>\n\n\n\n

\u2018Development of Business Groups in\nEmerging Markets\u2019, EACES Asian Conference on Sustainability and Future\nPerspectives of Emerging Markets Proceedings, 2009.  \u3000\u3000\u3000\u3000<\/p>\n\n\n\n

\u2018Effective business models for maturing\nindustries: Japan\u2019s\ntextile firms in new international rivalry\u2019, International\nConference on Business, Economics and Management<\/em> Conference\nProceedings<\/em>, 2005, Vol.2: Corporate Culture, Corporate Governance and\nCompetitiveness, pp. 215-229.\n<\/p>\n\n\n\n

\u2018Diversification\nstrategy and performance: An empirical study of Japan\u2019s textile industry\u2019, Asli\nM. Colpan and Takashi Hikino, 4th<\/sup> Asia Academy of Management\nConference Proceedings<\/em>, Shanghai, China, December 16-18, 2004.<\/p>\n\n\n\n

\u2018Japan\u2019s\ntextile industry: Structural change and strategies for sustainable growth\u2019,\nJapan Studies Association of Canada Annual Conference, Best Papers\nProceedings<\/em>, McMaster University DeGroote School of Business, October 17-19, 2003.<\/p>\n\n\n\n

Papers published\nin working paper series<\/strong><\/p>\n\n\n\n

\u2018Corporate\ngovernance, growth strategy, and economic performance of Japanese firms\u2019 Graduate School of Management, Kyoto University, Mizuho Securities\nEndowment Working Paper Series, No.106, , (Asli M. Colpan, Takashi Hikino and\nToru Yoshikawa), 2008.<\/p>\n\n\n\n

\u2018Industrial Upgrading in the White Goods\nGlobal Value Chain: The Case of Arcelik\u2019, Doshisha University, ITEC\nWorking Paper Series, No.08-04, (Federico Bonaglia, Asli M. Colpan and Andrea\nGoldstein), 2008.<\/p>\n\n\n\n

\u2018Corporate Governance and Financial Performance of\nJapanese Firms\u2019, Doshisha\n University, ITEC Working\nPaper Series, No.07-07, (Asli\nM. Colpan, Toru Yoshikawa, Takashi Hikino and Hiroaki Miyoshi), 2007. <\/p>\n\n\n\n

\u2018Interactive Effects of International Operational Scope, Export\nCommitment, and Product Diversification in Japan’s\nElectronics Firms\u2019, Graduate School of Management, Kyoto University,\nMizuho Securities Endowment Working Paper Series, No.101, 2006.   <\/p>\n\n\n\n

Opinion articles<\/strong><\/p>\n\n\n\n

Asli M.\nColpan, \u3082\u306e\u3065\u304f\u308a\u3053\u305d\u65e5\u672c\u306e\u539f\u70b9\n(Manufacturing Craftsmanship is Japan\u2019s Original Competitive Edge)\u3001Asahi\nNewspaper, May 3, 2012.<\/p>\n\n\n\n

Asli M.\nColpan, No English, No Business\u3001Asahi Newspaper, May 20, 2012. <\/p>\n\n\n\n

Asli M.\nColpan, \u7559\u5b66\u751f\u96c7\u3063\u3066\u30b0\u30ed\u30fc\u30d0\u30eb\u5316\n(Globalization through the Employment of International Students)\u3001Asahi\nNewspaper, May 27, 2012. <\/p>\n\n\n\n

Asli M.\nColpan, \u982d\u8133820\u4e07\u4eba\u5206\u3000\u53ce\u76ca\u306b\u4e0d\u53ef\u6b20\n(The Talents of 8.2 Million People are Wasted)\u3001Asahi\nNewspaper, June 3, 2012. <\/p>\n\n\n\n

Asli M.\nColpan, \u65e5\u672c\u6d41\u306e\u7d4c\u55b6\u6226\u7565\u3000\u4eca\u3053\u305d\u518d\u69cb\u7bc9\n(Japan Originated Management Strategy: Now is the Time to Redevelop)\u3001Asahi\nNewspaper, June 10, 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"

Books: Business, Ethics and Institutions: The Evolution of Turkish Capitalism in Global Perspectives, eds. Asli M. Colpan and Geoffrey Jones, New York and London: Routledge, 2020. Business Groups in the West: Origins, Evolution and Resilience, eds. Asli M. Colpan and Takashi Hikino, Oxford: Oxford U.P., 2018. Oxford Handbook of Business Groups, eds. Asli M. Colpan,… Continue reading Research<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"http:\/\/www.colpan.org\/asli\/wp-json\/wp\/v2\/pages\/43"}],"collection":[{"href":"http:\/\/www.colpan.org\/asli\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.colpan.org\/asli\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.colpan.org\/asli\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.colpan.org\/asli\/wp-json\/wp\/v2\/comments?post=43"}],"version-history":[{"count":13,"href":"http:\/\/www.colpan.org\/asli\/wp-json\/wp\/v2\/pages\/43\/revisions"}],"predecessor-version":[{"id":184,"href":"http:\/\/www.colpan.org\/asli\/wp-json\/wp\/v2\/pages\/43\/revisions\/184"}],"wp:attachment":[{"href":"http:\/\/www.colpan.org\/asli\/wp-json\/wp\/v2\/media?parent=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}