Effect of the Stakeholder Salience Theory on Family Businesses Performance
Having started to develop since the second half of twentieth century, Family businesses make up approximately %50 in the world, %90 in Turkey of all businesses. For that reason, presenting a good economic performance and ensuring sustainability of Family businesses plays a critical role for the wh...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Gaziantep University
2018-10-01
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| Series: | Gaziantep University Journal of Social Sciences |
| Subjects: | |
| Online Access: | http://dergipark.gov.tr/download/article-file/543609 |
| Summary: | Having started to develop since the second half of twentieth century, Family businesses make up approximately
%50 in the world, %90 in Turkey of all businesses. For that reason, presenting a good economic performance and
ensuring sustainability of Family businesses plays a critical role for the whole world economies. Yet, the rate of
taking-over the business from the founder of these businesses to the next generation gradually decreases. When
the literature review, a lot of important reasons appears to be about this situation, like having more system
compared to normal businesses. In the study, how the systems of Family businesses (family, business and
management) effects the performance of the business through Stakeholders Salience Model (power, legitimacy
and urgency) and which system will improve this performance best, is researched. Studying how the impact,
salience and stakes of each system will affect economic performance of the business separately would fill that gap
in the literature. In this research, in 12 provinces which consist of %71 of Family businesses in Turkey (Istanbul,
Ankara, Bursa, Izmir, Konya, Gaziantep, Denizli, Kocaeli, Adana, Tekirdağ, Kayseri and Mersin), data from 308
businesses that are large-sized in terms of the number of workers they employ, are analyzed with Structural
Equation Model. In the study, two main and six sub hypothesis are analyzed and all of are accepted. Consequently,
a positive relationship between salience and stake of each of main stakeholder group and business performance
has been determined. |
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| ISSN: | 1303-0094 2149-5459 |