Abstract
THE EFFECTS OF NEPOTHYSIS ON INSTITUTIONALIZATION AND FINANCIAL PERFORMANCE IN FAMILY COMPANIES: A RESEARCH ON FAMILY COMPANIES OPERATING IN BİGA
The main aim of this study is to determine the effects of nepotism on institutionalization and financial performance in family companies. In this study, survey method was used as data collection technique. Of the 200 questionnaires distributed to the participants, 109 were considered valid. The rate of valid surveys was 54.5%. The universe of the study consists of family companies operating in Biga. The sample of the study consisted of 109 family-owned employees, who were identified easily by sampling method. Factor analysis, correlation and regression analyzes were performed on the data collected during the period covering March - September 2018. Research results show that nepotism in family companies has an effect on professionalization, consistency, formalization and system sub-dimensions of institutionalization. In addition, nephotism has a significant impact on the financial performance of family companies.
Keywords
Aile Şirketleri, Kurumsallaşma, Nepotizm, finansal performans.
