State Capital Alliances Stifle Corporate Control Marketization in Serbia and Turkey.
The article examines how different countries handle the buying and selling of companies, focusing on Serbia and Turkey. In Serbia, there has been a lot of marketization of corporate control, with new rules to attract investors and restructure companies. In Turkey, the government's partnerships with certain companies have slowed down marketization. The researchers used a critical institutionalist perspective to understand these differences and found that the state's role and different types of capital influence how marketization happens in each country.