Influence of Family Ownership and Management on Firm Performance: Evidence from Public Firms in Turkey (notice n° 610462)
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| fixed length control field | 02823cam a2200265 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121162039.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Sener, Pinar |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Influence of Family Ownership and Management on Firm Performance: Evidence from Public Firms in Turkey |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2015.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 95 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Cet article examine l’influence en Turquie de la participation familiale sur la performance comptable et de marché de l’entreprise. Les résultats montrent que les niveaux modérés de la propriété familiale et la gestion active de la famille sont associés positivement à la rentabilité comptable, tandis que la propriété familiale et un président du conseil d’administration issu de la famille ont une influence négative sur la valeur de marché. Ces résultats contradictoires révèlent que l’absence d’institutions juridiques et réglementaires développées et d’un mécanisme de contrôle externe efficace dans les pays émergents constitue un obstacle à la traduction de la rentabilité comptable élevée en valeur de marché élevée. En outre, cette étude démontre que l’utilisation des mécanismes de renforcement du contrôle, qui est associée négativement à la rentabilité comptable, diminue la performance de marché en présence d’un management familial de l’entreprise. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Using a panel of 210 publicly listed Turkish firms from 2007 to 2010, this study examines the influence of family involvement on firm accounting and market performance in an emerging country context. The findings reveal that while moderate levels of family ownership and active family management are positively associated with profitability, family ownership and having a family chairman are negatively related to firm market value. These contradictory results demonstrate that the lack of well-developed legal and regulatory institutions and efficient external corporate control mechanism in emerging countries constitute an impediment to the translation of higher accounting profitability into higher market value. In addition, this study reveals that the use of control-enhancing mechanisms, which is negatively associated with accounting performance, decreases market value if family members serve as CEO or chairman. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | management familial |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | participation familiale |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | environnement institutionnel |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | performance |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | family management |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | institutional environment |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | family ownership |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | performance |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue de l’Entrepreneuriat / Review of Entrepreneurship | 13 | 3 | 2015-05-07 | p. 143-169 | 1766-2524 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-de-l-entrepreneuriat-2014-3-page-143?lang=en&redirect-ssocas=7080">https://shs.cairn.info/revue-de-l-entrepreneuriat-2014-3-page-143?lang=en&redirect-ssocas=7080</a> |
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