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TÜRK İŞLETME GRUBU İŞTİRAKLERİ ÜST YÖNETİM EKİBİNDE AİLE ÜYELERİ VARLIĞININ İŞLETME PERFORMANSI ÜZERİNE ETKİLERİ

Year 2019, Volume: 28 Issue: 3, 224 - 239, 15.12.2019
https://doi.org/10.35379/cusosbil.561756

Abstract

Ülkemiz
dâhil pek çok gelişmiş ve gelişmekte olan ülkelerde aile işletmeleri baskın
konumdadırlar. Başlangıçta tamamen aile üyeleri tarafından yönetilen aile
işletmeleri zamanla profesyonel yöneticiler tarafından yönetilmeye
başlanmıştır. Üst yönetimi profesyonel yöneticilere bırakan aile üyeleri
yönetim kurulunda yer almayı tercih etmektedirler. Üst yönetim ekiplerinde aile
üyelerinin varlığının oluşturduğu heterojen ekiplerin performans üzerine
etkileri tartışılan bir konudur. Araştırmamız İMKB kote 44 işletmenin üst
yönetim ekiplerinde yapılmıştır. 371 üst yöneticide sadece 12’si aile üyesi
olmasına rağmen varlıkları sermaye dönüşüm oranını olumlu yönde etkilemektedir.
Ayrıca genç işletmelerin varlıklarının dönüşüm oranı yaşlı işletmelere göre
daha yüksek olmaktadır. 

References

  • Acar C., (1993), “The Impact of Key International Factors on Firm Performance: An Empirical Study of Small Turkish Firms”, Journal of Small Business Management, 31 (4): 6–92.
  • Akdoğan, N. ve Tenker N., (2001), Finansal Tablolar ve Mali Analiz Teknikleri, Ankara: Gazi Kitabevi.
  • Anderson C. ve Reeb M., (2003), “Founder-family ownership and performance: Evidence from the S&P 500”, The Journal of Finance, LVIII (3): 1301–1327.
  • Aydemir, M., (2010a), “Üst Yönetim Ekibi Heterojenliğinin İşletme Performansı Üzerine Etkisi: Türk İşletme Grupları İştirakleri Üzerine Bir Araştırma” Yayımlanmamış doktora tezi.
  • Aydemir, M., Yalçın A. ve Kılıç, K., (2010b), “Stratejik Yöneticilerin (Üst Yönetim Ekibi) Yaş Dağılımının İşletme Performansı Üzerine Etkisi”, 18. Yönetim ve Organizasyon Kongresi, Adana.
  • Aydemir, M. ve Ercil, Y., (2012), “Üst Yönetim Ekibi Üyelerinin Eğitim Özlliklerinin İşletme Performansı Üzerindeki Belirleyiciliği”, 20. Yönetim ve Organizasyon Kongresi, İzmir.
  • Ayşe B., (2005), Devlet ve İş adamları, İstanbul: İletişim Yayınları.
  • Bantel K. A., (1994), “Strategic Planning Openness The Role of Top Management Team Demography”, Group & Organization Management, 19 (4): 406–424.
  • Barker, L., Patterson W. ve Müller C., (2001), “Organization Causes and Strategic Consequences Of The Extend Of Top Management Team Replacement During
  • Turnaround Attempts”, Journal of management Studies, 38 (2): 236–268.
  • Barsade G., Ward J., Turner D. ve Sonnenfeld A., (2000), “To You Hearts Contenet: A Model of Affective Diversity in Top Management Teams”, Administrative Science Quarterly Vol. 45, No. 3, s. 802–836.
  • Bertrand, M., Schoar A., (2006), “The Role of Family in Family Firms”, The Journal of Economic Perspectives, 20 (2): 73-96.
  • Besler, S. (2006), “Üst Yönetim Ekip Heterojenliğinin Örgütsel Süreç ve Sonuçlar Üzerine Etkisi”, İktisat, İşletme ve Finans Dergisi, 246: 60–80.
  • Buch D., (2006), The Relationship of Family İnfluence, Top Management Teams Behavioral İntegration, and Firm Performance in Germany Family Business, Yayınlanmamış Doktora Tezi, San Diego University, USA.
  • Chandler, A., (1999), The Visible Hand The Managerial Revolution in American Business, Massachusetts: Harvard University Press.
  • Carpenter, A., Fredrickson, W., (2001), “Top Management Teams, Global Strategic Posture, and the Moderating Role of Uncertainty”, Academy of Management Journal, 44 (3): 533–545.
  • D'aveni, R., Kesner I., (1993), “Top Managerial Prestige, Power And Tender Offer Response: A Study Of Elite Social Networks and Target Firm Cooperation During Takeovers”, Organizatıon Science, 4 (2): 123-151.
  • Dauderis,H., (1990), Financial Accounting, Canada: Holt, Rinehart and Winston.
  • Davidson, N., Nemec C. ve Worrell L., (2006), “Determinants of CEO Age at Succession”, Journal of Management and Governance, 10: 35–57.
  • Ding, Y., Zhang H. ve Zhang J., (2008), The Financial and Operating Performance of Chinese Family-Owned Listed Firms, Management International Review, 48 (3): 297–318.
  • Dyer W. G., (2006), “Examining the “Family Effect” on Firm Performance”, Family Business Review, 19 (4): 253–273.
  • Ensley D. ve Pearson W., (2005), “An Exploratory Comparison of the Behavioral Dynamics of Top Management Teams in Family and Nonfamily New Ventures:
  • Cohesion, Conflict, Potency, and Consensus”, Entrepreneurship Theory and Practice, 29 (3): 267–284.
  • Fındıkçı İ., (2005), Aile Şirketlerinde Yönetim ve Kurumsallaşma, İstanbul: Alfa Yayınları.
  • Finkelstein, S. ve Hambrick C., (1989), “Chief Executive Compensation: A Study of the Intersection of Markets and Political Processes”, Strategic Management Journal, 10: 121–134.
  • Finkelstein, S., Hambrick C. ve Cannella A., (2009), Strategic Leadership Theory and Research on Executives, Top Management teams and Boards, New York: Oxford University Presss.
  • Gomez-Meija R., Nunez-Nickel M. ve Gutıerrez I., (2001), “The Role of Family Ties in Agency Contracts”, Academy of Management Journal, 44 (1) 81–95.
  • Gönenli, A. ve Sarıkamış C., (1970), İşletme Finansı Okuma Parçaları ve Vakalar, İstanbul: Hüsnü tabiat Matbaası.
  • Guttman M., (2008), Great Business Teams Cracking the Code for Standout Performance, New Jersey: John Wiley & Sons Inc Publishing.Habberson, G., (2006), “Commentary: A Framework for Managing the Familiness and Agency Advantages in Family Firms”, Entrepreneurship Theory and Practice, 30 (6) 879–866.
  • Haleblian J. ve Finkelstein S., (1993), “Top Management Team Size, CEO Dominance and Firm Performance: The Moderating Roles of Environmental Turbulence and Discretion”, The Academy of Management Journal, 36 (4): 844–863.
  • Halverson C., B. ve Tirmizi S. A., (2008), Effective Multicultural Teams: Theory and Practice, New York: Springer Science Business Media B.V.
  • Hambrick C., Cho S. ve Chen J., (1996), “The Influence of Top Management Team Heterogeneity on Firms Competitive Moves”, Administrative Science Quarterly, 41: 659–64.
  • Hambrick, C., Donald, M., (1984), “Upper Echelon: The Organization as a Reflection of Its Top Management”, The Academy of Management Review, 9 (2): 193–206.
  • Hambrick, C. ve Finkelstein, S., (1995), “The Effect of Ownership Structure on Conditions at the Top: The Case of CEO Pay Raises”, Strategic Management Journal, 16: 175–193.
  • Harrison J., Torres L. ve Kukalis, L., (1988), “The Changing of the Guard: Turnover and Structural Change in the Top Management Positions”, Administrative Science Quarterly, 33 (2): 211-232.
  • Herrmann P., Datta K. D., (2005), “Relationship Between Top Management Team Characteristics and International Diversification: An Empirical İnvestigation”, British Journal of Management, 16: 69–78.
  • Jones H; Werner L., Terrell P. ve Terrell L., (2000), Introduction to Financial Accounting, New Jersey: Prentice Hall.
  • Karpuzoğlu E., (2004), Büyüyen ve Gelişen Aile Şirketlerinde Kurumsallaşma, İstanbul: Hayat Yayıncılık.
  • Kiefer, S., (2007), Top Management Team Diversity and Firm Performance, Verlag: Saabrücken.
  • Lundvall, K. ve Battese E., (2000), “Firm Size, Age and Efficiency: Evidence From Kenyan Manufacturing Firms”, The Journal of Development Studies, 36 (3) 146–163.
  • Luo, X., Chung, C., (2005), “Keeping It All in the Family: The Role of Particularistic Relationships in Business Group Performance during Institutional Transition”, Administrative Science Quarterly, 50 (3): 404-439.
  • Milliken J., Martins L., (1996), “Searching for Common Threads: Understanding the Multiple Effects of Diversity in Organizational Groups”, Academy of Management Review, 21 (2): 402–433.
  • Mosciski, D., (2004), “The Study of Top Management Team Heterogeneity, Sociocultural Context, and İnternationalization, On Firm Performance: Where To Go From Here”, The Journal of Applied Management and Entrepreneurship, 9 (2): 133–147.
  • Nordqvist, M., (2005), “Familiness in Top Management Teams: Commentary on Ensley and Pearson’s An Exploratory Comparison of the Behavioral Dynamics of Top Management Teams in Family and Nonfamily New Ventures: Cohesion, Conflict, Potency, and Consensus”, Entrepreneurship Theory and Practice, 29 (3): 286–291.
  • Papadakis, V. ve Barwise, P., (2002), “How Much Do CEOs and Top Managers Matter in Strategic Decision-Making”, British Journal of Management, 13: 83–95.
  • Ping, Z., (2007), “Top management team heterogeneity and firm performance: An empirical research on Chinese listed company”, Management Review, 18 (5): 54–60.
  • Pitcher, P., Smith D., (2001), “Top Management Team Heterogeneity: Personality, Power, and Proxies”, Organization Science, 12 (1): 1–18.
  • Pfeffer, J., (1985), “Organizational Demography: Implications for Management”, California Management Review, 28 (1): 67–81.
  • Salas E., Burke C. ve Eduardo S., (2009), Team Effectiveness in Complex Organizations Cross-Disciplinary Perspectives and Approaches, USA: Taylor & Francis Group.
  • Shin, E., Chin, S., (1989), Social Affinity among Top Managerial Executives of Large Corporations in Korea, Sociological Forum, 4 (1); 3-26.
  • Suehiro, A., Wailerdsak N., (2004), “Family Business in Thailand: Its Management, Governance, and Future Challenges”, ASEAN Economic Bulletin, 21 (1): 81-93.
  • Sutcliffe, M., (1994), “What Executive Notice: Accurate Perception in Top Management Teams”, Academy of Management Journal, 37 (5): 1360–1378.
  • Ural A., (2004), Aile Şirketlerinde Kurumsallaşma Sendromu, İstanbul: Sistem Yayıncılık.
  • Wei, L., Lau C., Young N. ve Wang Z., (2005), “The Impact of Management Team Demography on Firm Performance in China”, Asian Business & Management, 4: 227–250.
  • Wiersema F., Bantel A., (1992), “Top Management Team Demography and Corporate Strategic Change”, Academy of Management Journal, 35 (1): 91–121.
  • Yamak, S., Üsdiken B., (2006), “Economic Liberalization and the Antecedents of Top Management Teams: Evidence from Turkish 'Big' Business”, British Journal of Management, 17: 177–194.
  • Yasuda, T., (2005), “Firm growth, size, age and behavior in Japanese Manufacturing”, Small Business Economics, 24: 1–15.Zajac, J. ve Westphal,J., (1996), “Who Shall Succeed? HOW CEO/Board Preferences and Power Effect the Choice of New CEO’s”, Academy of Management Review, 39 (1): 64–86.
Year 2019, Volume: 28 Issue: 3, 224 - 239, 15.12.2019
https://doi.org/10.35379/cusosbil.561756

Abstract

References

  • Acar C., (1993), “The Impact of Key International Factors on Firm Performance: An Empirical Study of Small Turkish Firms”, Journal of Small Business Management, 31 (4): 6–92.
  • Akdoğan, N. ve Tenker N., (2001), Finansal Tablolar ve Mali Analiz Teknikleri, Ankara: Gazi Kitabevi.
  • Anderson C. ve Reeb M., (2003), “Founder-family ownership and performance: Evidence from the S&P 500”, The Journal of Finance, LVIII (3): 1301–1327.
  • Aydemir, M., (2010a), “Üst Yönetim Ekibi Heterojenliğinin İşletme Performansı Üzerine Etkisi: Türk İşletme Grupları İştirakleri Üzerine Bir Araştırma” Yayımlanmamış doktora tezi.
  • Aydemir, M., Yalçın A. ve Kılıç, K., (2010b), “Stratejik Yöneticilerin (Üst Yönetim Ekibi) Yaş Dağılımının İşletme Performansı Üzerine Etkisi”, 18. Yönetim ve Organizasyon Kongresi, Adana.
  • Aydemir, M. ve Ercil, Y., (2012), “Üst Yönetim Ekibi Üyelerinin Eğitim Özlliklerinin İşletme Performansı Üzerindeki Belirleyiciliği”, 20. Yönetim ve Organizasyon Kongresi, İzmir.
  • Ayşe B., (2005), Devlet ve İş adamları, İstanbul: İletişim Yayınları.
  • Bantel K. A., (1994), “Strategic Planning Openness The Role of Top Management Team Demography”, Group & Organization Management, 19 (4): 406–424.
  • Barker, L., Patterson W. ve Müller C., (2001), “Organization Causes and Strategic Consequences Of The Extend Of Top Management Team Replacement During
  • Turnaround Attempts”, Journal of management Studies, 38 (2): 236–268.
  • Barsade G., Ward J., Turner D. ve Sonnenfeld A., (2000), “To You Hearts Contenet: A Model of Affective Diversity in Top Management Teams”, Administrative Science Quarterly Vol. 45, No. 3, s. 802–836.
  • Bertrand, M., Schoar A., (2006), “The Role of Family in Family Firms”, The Journal of Economic Perspectives, 20 (2): 73-96.
  • Besler, S. (2006), “Üst Yönetim Ekip Heterojenliğinin Örgütsel Süreç ve Sonuçlar Üzerine Etkisi”, İktisat, İşletme ve Finans Dergisi, 246: 60–80.
  • Buch D., (2006), The Relationship of Family İnfluence, Top Management Teams Behavioral İntegration, and Firm Performance in Germany Family Business, Yayınlanmamış Doktora Tezi, San Diego University, USA.
  • Chandler, A., (1999), The Visible Hand The Managerial Revolution in American Business, Massachusetts: Harvard University Press.
  • Carpenter, A., Fredrickson, W., (2001), “Top Management Teams, Global Strategic Posture, and the Moderating Role of Uncertainty”, Academy of Management Journal, 44 (3): 533–545.
  • D'aveni, R., Kesner I., (1993), “Top Managerial Prestige, Power And Tender Offer Response: A Study Of Elite Social Networks and Target Firm Cooperation During Takeovers”, Organizatıon Science, 4 (2): 123-151.
  • Dauderis,H., (1990), Financial Accounting, Canada: Holt, Rinehart and Winston.
  • Davidson, N., Nemec C. ve Worrell L., (2006), “Determinants of CEO Age at Succession”, Journal of Management and Governance, 10: 35–57.
  • Ding, Y., Zhang H. ve Zhang J., (2008), The Financial and Operating Performance of Chinese Family-Owned Listed Firms, Management International Review, 48 (3): 297–318.
  • Dyer W. G., (2006), “Examining the “Family Effect” on Firm Performance”, Family Business Review, 19 (4): 253–273.
  • Ensley D. ve Pearson W., (2005), “An Exploratory Comparison of the Behavioral Dynamics of Top Management Teams in Family and Nonfamily New Ventures:
  • Cohesion, Conflict, Potency, and Consensus”, Entrepreneurship Theory and Practice, 29 (3): 267–284.
  • Fındıkçı İ., (2005), Aile Şirketlerinde Yönetim ve Kurumsallaşma, İstanbul: Alfa Yayınları.
  • Finkelstein, S. ve Hambrick C., (1989), “Chief Executive Compensation: A Study of the Intersection of Markets and Political Processes”, Strategic Management Journal, 10: 121–134.
  • Finkelstein, S., Hambrick C. ve Cannella A., (2009), Strategic Leadership Theory and Research on Executives, Top Management teams and Boards, New York: Oxford University Presss.
  • Gomez-Meija R., Nunez-Nickel M. ve Gutıerrez I., (2001), “The Role of Family Ties in Agency Contracts”, Academy of Management Journal, 44 (1) 81–95.
  • Gönenli, A. ve Sarıkamış C., (1970), İşletme Finansı Okuma Parçaları ve Vakalar, İstanbul: Hüsnü tabiat Matbaası.
  • Guttman M., (2008), Great Business Teams Cracking the Code for Standout Performance, New Jersey: John Wiley & Sons Inc Publishing.Habberson, G., (2006), “Commentary: A Framework for Managing the Familiness and Agency Advantages in Family Firms”, Entrepreneurship Theory and Practice, 30 (6) 879–866.
  • Haleblian J. ve Finkelstein S., (1993), “Top Management Team Size, CEO Dominance and Firm Performance: The Moderating Roles of Environmental Turbulence and Discretion”, The Academy of Management Journal, 36 (4): 844–863.
  • Halverson C., B. ve Tirmizi S. A., (2008), Effective Multicultural Teams: Theory and Practice, New York: Springer Science Business Media B.V.
  • Hambrick C., Cho S. ve Chen J., (1996), “The Influence of Top Management Team Heterogeneity on Firms Competitive Moves”, Administrative Science Quarterly, 41: 659–64.
  • Hambrick, C., Donald, M., (1984), “Upper Echelon: The Organization as a Reflection of Its Top Management”, The Academy of Management Review, 9 (2): 193–206.
  • Hambrick, C. ve Finkelstein, S., (1995), “The Effect of Ownership Structure on Conditions at the Top: The Case of CEO Pay Raises”, Strategic Management Journal, 16: 175–193.
  • Harrison J., Torres L. ve Kukalis, L., (1988), “The Changing of the Guard: Turnover and Structural Change in the Top Management Positions”, Administrative Science Quarterly, 33 (2): 211-232.
  • Herrmann P., Datta K. D., (2005), “Relationship Between Top Management Team Characteristics and International Diversification: An Empirical İnvestigation”, British Journal of Management, 16: 69–78.
  • Jones H; Werner L., Terrell P. ve Terrell L., (2000), Introduction to Financial Accounting, New Jersey: Prentice Hall.
  • Karpuzoğlu E., (2004), Büyüyen ve Gelişen Aile Şirketlerinde Kurumsallaşma, İstanbul: Hayat Yayıncılık.
  • Kiefer, S., (2007), Top Management Team Diversity and Firm Performance, Verlag: Saabrücken.
  • Lundvall, K. ve Battese E., (2000), “Firm Size, Age and Efficiency: Evidence From Kenyan Manufacturing Firms”, The Journal of Development Studies, 36 (3) 146–163.
  • Luo, X., Chung, C., (2005), “Keeping It All in the Family: The Role of Particularistic Relationships in Business Group Performance during Institutional Transition”, Administrative Science Quarterly, 50 (3): 404-439.
  • Milliken J., Martins L., (1996), “Searching for Common Threads: Understanding the Multiple Effects of Diversity in Organizational Groups”, Academy of Management Review, 21 (2): 402–433.
  • Mosciski, D., (2004), “The Study of Top Management Team Heterogeneity, Sociocultural Context, and İnternationalization, On Firm Performance: Where To Go From Here”, The Journal of Applied Management and Entrepreneurship, 9 (2): 133–147.
  • Nordqvist, M., (2005), “Familiness in Top Management Teams: Commentary on Ensley and Pearson’s An Exploratory Comparison of the Behavioral Dynamics of Top Management Teams in Family and Nonfamily New Ventures: Cohesion, Conflict, Potency, and Consensus”, Entrepreneurship Theory and Practice, 29 (3): 286–291.
  • Papadakis, V. ve Barwise, P., (2002), “How Much Do CEOs and Top Managers Matter in Strategic Decision-Making”, British Journal of Management, 13: 83–95.
  • Ping, Z., (2007), “Top management team heterogeneity and firm performance: An empirical research on Chinese listed company”, Management Review, 18 (5): 54–60.
  • Pitcher, P., Smith D., (2001), “Top Management Team Heterogeneity: Personality, Power, and Proxies”, Organization Science, 12 (1): 1–18.
  • Pfeffer, J., (1985), “Organizational Demography: Implications for Management”, California Management Review, 28 (1): 67–81.
  • Salas E., Burke C. ve Eduardo S., (2009), Team Effectiveness in Complex Organizations Cross-Disciplinary Perspectives and Approaches, USA: Taylor & Francis Group.
  • Shin, E., Chin, S., (1989), Social Affinity among Top Managerial Executives of Large Corporations in Korea, Sociological Forum, 4 (1); 3-26.
  • Suehiro, A., Wailerdsak N., (2004), “Family Business in Thailand: Its Management, Governance, and Future Challenges”, ASEAN Economic Bulletin, 21 (1): 81-93.
  • Sutcliffe, M., (1994), “What Executive Notice: Accurate Perception in Top Management Teams”, Academy of Management Journal, 37 (5): 1360–1378.
  • Ural A., (2004), Aile Şirketlerinde Kurumsallaşma Sendromu, İstanbul: Sistem Yayıncılık.
  • Wei, L., Lau C., Young N. ve Wang Z., (2005), “The Impact of Management Team Demography on Firm Performance in China”, Asian Business & Management, 4: 227–250.
  • Wiersema F., Bantel A., (1992), “Top Management Team Demography and Corporate Strategic Change”, Academy of Management Journal, 35 (1): 91–121.
  • Yamak, S., Üsdiken B., (2006), “Economic Liberalization and the Antecedents of Top Management Teams: Evidence from Turkish 'Big' Business”, British Journal of Management, 17: 177–194.
  • Yasuda, T., (2005), “Firm growth, size, age and behavior in Japanese Manufacturing”, Small Business Economics, 24: 1–15.Zajac, J. ve Westphal,J., (1996), “Who Shall Succeed? HOW CEO/Board Preferences and Power Effect the Choice of New CEO’s”, Academy of Management Review, 39 (1): 64–86.
There are 57 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Azmi Yalçın 0000-0002-9323-3350

Muzaffer Aydemir This is me 0000-0001-8167-3159

Publication Date December 15, 2019
Submission Date May 23, 2019
Published in Issue Year 2019 Volume: 28 Issue: 3

Cite

APA Yalçın, A., & Aydemir, M. (2019). TÜRK İŞLETME GRUBU İŞTİRAKLERİ ÜST YÖNETİM EKİBİNDE AİLE ÜYELERİ VARLIĞININ İŞLETME PERFORMANSI ÜZERİNE ETKİLERİ. Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 28(3), 224-239. https://doi.org/10.35379/cusosbil.561756