Determinants of early performance of new technology-based firms supported by government: Turkish case

Turan, Damla
This master’s thesis aims to analyze the determinants of the early-stage performance of New Technology-Based Firms (NTBFs) supported by the Turkish government and develop policy recommendations in order to enhance the current support mechanisms. The main contribution of this study is that it is the first study to analyze the determinants of the early-stage performance of NTBFs supported by the government in the Turkish context. For this reason, a specific government support program was chosen. 1512 Entrepreneurship Support Program was chosen for analysis since it contained more support mechanisms than other techno-entrepreneurship support programs in Turkey. In order to analyze the determinants of the early-stage performance of NTBFs, data were collected from three sources: the TUBITAK Database, surveys and in-depth interviews. The data obtained were analyzed by means of both quantitative and qualitative analysis methodologies. The data collected from the TUBITAK Database and surveys were analyzed quantitatively using Probit with Sample Selection Models. In terms of qualitative analysis, the data collected by means of in-depth interviews were used to verify the results of the quantitative analysis. The analysis results show that level of education, full-time dedication, prior experiences and characteristic features of techno-entrepreneurs, the area of technology of the business idea and teamwork existence are the determinants of the early-stage performance of NTBFs. Age and gender of the techno-entrepreneur, firm strategy and external factors, such as business mentors, independent auditors and venture capitalists are found to have a lower impact on the performance of NTBFs.


The Impact of succession on family business innovation : a case study on machinery manufacturing sector in Ankara
Hacıbayramoğlu, Merve Gül; Akçomak, İbrahim Semih; Department of Science and Technology Policy Studies (2014)
The main objective of this thesis is to investigate the role of intergenerational business succession on Turkish family firms’ innovation tendency with a comprehensive approach to both succession and innovation issues. By using qualitative data collected from 11 successors and 8 of their predecessors from 11 small and medium sized family firms which are active in the machinery manufacturing sector, we observed a positive influence of succession on innovativeness of family firms. Both generations in the firm...
Patterns of firm growth in the Turkish manufacturing industry
Töngür, Ünal; Taymaz, Erol; Department of Economics (2015)
The main objectives of this dissertation are five-fold: First, to examine the relationship between employment generation and firm growth; second, to explore the impacts of firm and sector specific factors on firm growth by using conventional techniques; third, to discover the patterns of firm growth by using a novel statistical approach; fourth, to analyze the determinants of patterns of firm growth; and finally, to investigate the pattern-specific determinants of firm growth by taking into account the patt...
State-led catch-up: Chinese telecom equipment industry
Emiroğlu, Ali Ulaş; Erdil, Erkan; Geray, Haluk; Department of Science and Technology Policy Studies (2014)
The aim of this dissertation is to investigate an alternative policy to the neoliberal development policy suggestion in the scope of the high-technology industrial catch-up of the latecomers with testing the hypothesis of “Chinese telecom equipment industry’s catch-up is the success of the guidance of the state and the state-led development policies.” In this policy, the state’s active and interventionist role is suggested in all phases of the catch-up. It is a triple system of state, foreign investment, an...
Empowering knowledge driven Turkish start-ups: a practical rule-based decision support system integrated with business model canvas
Nabavi, Seyed Hesamoddin; Gönül, M. Sinan; Oran, Adil; Department of Business Administration (2015)
Entrepreneurship is the core engine of economy and value creation (Baumol, 1968) where the Turkish entrepreneurship has recently become a center of interest, both for policy makers and academicians. Empowering entrepreneurs, above all the knowledge driven entrepreneurs who transform knowledge into value (Stam et al., 2007), by strategic decision making tools, especially those tools utilized to formulate business models would help the ventures to develop faster and with minimum step backs possible. Tools suc...
Scorecard valuation for early-stage pre-revenue start-up companies
Akdağ, Olcay Alptuğ; Danışoğlu, Seza; Department of Business Administration (2017)
This master’s thesis aims to value early-stage pre-revenue start- ups with scorecard method. Discount cash flow method is applied to model so as to construct projection and calculate present value as a benchmark company while qualitative questionnaire is scored by an angel investor in order to associate firm specific risks. Financials and scores are gathered from authorities and interviews with investor and investee. The thesis also investigates whether method is applicable in practical manner or not. Final...
Citation Formats
D. Turan, “Determinants of early performance of new technology-based firms supported by government: Turkish case,” M.S. - Master of Science, Middle East Technical University, 2016.