Impact of Family Influence on Top Management Team in Family Businesses: A Path-Analytic Study on Automotive Parts Industry in Turkey

Year 2019, Volume: 3 Issue: 1, 9 - 76, 25.06.2019

Mehmet Dudaroğlu M.atilla Öner , Özgür Önday

Abstract

The research tested the
hypothesized relationships among family influence, behavioral integration,
professionalization and succession planning of the top management team, market
dynamism and firm performance. Thus, this study also examines variation in family
and non-family executives’ perception of research variables.

The automotive parts
manufacturing industry (i.e., automotive supplier industry) in Turkey is the
target research field in this study since the majority of the firms are family-owned
and -operated.

The results of the study indicated a positive relationship
among culture (values & loyalty, involvement & commitment) based family
influence, top management team behavioral integration and firm performance. A
positive impact of collaborative behavior based top management team behavioral
integration on top management team succession planning by means of strategic
goals and core competencies were found.

Another finding was the positive impact of corporate values
– based top management team succession planning on top management team
professionalization. Further, there was a significant perceptual difference
between family and non-family executives about the degree of
professionalization.

Finally, there was a significant difference in the
hypothesized relationships among overall, family, and non-family executives.

Keywords

family business, top management

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