Challenges of Turkish Family Businesses Related to Effective Management Strategies

Çırpan, Hüseyin; Alayoğlu, Nihat

doi:10.1007/978-3-319-70380-0_17

Cited by 3 publications

(2 citation statements)

References 30 publications

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“…The convergence of familial and commercial interests inside family firms presents a distinctive level of intricacy. In the absence of efficient governance, the aforementioned convergence has the potential to give rise to conflicts and mismanagement, posing a threat to the longterm sustainability of the organization (Cirpan & Alayoglu, 2018). According to Parada Balderrama (2015), governance methods have a crucial role in establishing structured institutions that centralize decision-making, thereby ensuring the preservation of harmony and continuity.…”

Section: Corporate Governance In Family Firmsmentioning

confidence: 99%

Unveiling the Global Corporate Governance Landscape in Family Firms: A Comprehensive Bibliometric Analysis

Setyorini,

Maghfiroh,

Firmansyah

et al. 2023

EJFB

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This research leverages Biblioshiny-R Studio to conduct a bibliometric study of 514 scholarly documents from the Scopus database (1998–2022) on corporate governance in family firms. Despite a consistent growth trajectory in research dedicated to this domain, a notable revelation surfaces: a decline in the influence of paper on this topic in last years. The collaborative nature of academic endeavors is also unveiled, with numerous international partnerships indicating a globalized approach to research. The central research themes span corporate strategy, governance, sustainability, and family structure. The findings not only contribute to existing literature but also address research gaps identified in prior research. The implications extend to both academia and practitioners, offering valuable insights for navigating the complex terrain of corporate governance in family firms.

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Section: Corporate Governance In Family Firmsmentioning

confidence: 99%

Unveiling the Global Corporate Governance Landscape in Family Firms: A Comprehensive Bibliometric Analysis

Setyorini,

Maghfiroh,

Firmansyah

et al. 2023

EJFB

View full text Add to dashboard Cite

show abstract

“…In particular, the expansion of family businesses paves the way for strained and complex relationships among managers, owners, and employees. Cirpan & Alayoglu (2018) provide the example of Turkish businesses that face a challenge of balancing business and family dynamics, thus posing significant risks to sustainability and stability. Notably, the failure to separate business and family interests paves the way for poor management and conflicts, ultimately leading to bankruptcy (Cirpam & Alayoglu, 2018).…”

Section: The Extent To Which Governance Can Avoid Damage To Family Businessesmentioning

confidence: 99%

The Importance of the Governance Role in Achieving Stability and Sustainability in Family Business Companies Through Generations

Abdelaziz¹

2021

BMS

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Family businesses have continued to draw researchers' attention due to their strategies while making sustainable decisions. Notably, these business models deserve more recognition in this discourse, considering that they contribute up to 70% of the global Domestic Product. This article focuses on some drivers to sustainable decisions revolving around three pillars: environmental, social, and economic. The author's aim in this context is to provide a statistical model that could be used to forecast revenue trends to establish if family businesses are poised for sustainability or not. The models essentially allow for an analysis of the relationship between family businesses' internal drivers with corresponding financial objectives.However, these business models may fail to achieve their objectives if they do not embrace good governance, allowing them to react to challenges. Corporate governance is an essential framework that companies use to reconcile individual, community, business owners, and shareholders' interests in a dynamic global economy. Companies that align with the principles of good governance are more likely to remain sustainable, stable, and profitable. In retrospect, business enterprises that ignore the provisions of corporate governance risk facing uncertainties, most notably, dissolution and bankruptcy. The second, third, and subsequent generations fail to internalize and advance the founder's long-term organizational goals.This study adds to the existing literature on economic sustainability of family businesses characterized by market value and higher revenue generation.

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Distinctive role of region-specific institutions in regional entrepreneurship patterns: evidence from Turkish regions

Demirdağ

Eraydın

2022

European Planning Studies

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Challenges of Turkish Family Businesses Related to Effective Management Strategies

Cited by 3 publications

References 30 publications

Unveiling the Global Corporate Governance Landscape in Family Firms: A Comprehensive Bibliometric Analysis

Unveiling the Global Corporate Governance Landscape in Family Firms: A Comprehensive Bibliometric Analysis

The Importance of the Governance Role in Achieving Stability and Sustainability in Family Business Companies Through Generations

Distinctive role of region-specific institutions in regional entrepreneurship patterns: evidence from Turkish regions

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