TY - CHAP AB - Abstract In this study, we aim to understand how the relationship between state and business elites and underlying power dynamics develop in the face of neoliberalism and globalization in a state-dependent context. For this purpose, we draw on a qualitative research with in-depth interviews with elites from 65 companies which are ranked among the 500 largest Turkish firms by the Istanbul Chamber of Industry. Major contribution of this work is that we illustrate how globalization or internationalization provides a limited tool for business elites to escape the domination of the state in a state-dependent context. The only exceptions to this rule of state domination among business elites are the elites who hold double citizenships and whose initial investment background is in a foreign country. This exceptional group of elites enjoyed higher latitude of action in their interactions with the state. For the rest, state remains as an influential mechanism of coercive power to which elites are subjected. Last but not least, in spite of the connections between business growth and the state, the business elites are generally distrustful of politics and politicians and this mistrust is manifested in different ways. Overall, we illustrate the significance of the historical context and turning points in accounting for the changing nature of the relationship between elites and the state in Turkey. VL - 43 SN - 978-1-78441-680-5, 978-1-78441-679-9/0733-558X DO - 10.1108/S0733-558X20150000043016 UR - https://doi.org/10.1108/S0733-558X20150000043016 AU - Ergur Ali AU - Yamak Sibel AU - Ă–zbilgin Mustafa PY - 2015 Y1 - 2015/01/01 TI - Understanding the Changing Nature of the Relationship between the State and Business Elites T2 - Elites on Trial T3 - Research in the Sociology of Organizations PB - Emerald Group Publishing Limited SP - 107 EP - 129 Y2 - 2024/04/23 ER -