Dr. Bert Wolfs, the Academic Dean and Dr. Eyup Kahveci, SBS Research Faculty, co-wrote an article for the Academy of Strategic Management Journal.
The article, Family Business, Firm Efficiency and Corporate Governance Relation: The Case of Corporate Governance Index in Turkey, is a paper that analyzes the corporate governance and the family business structure, and their effects on firm performance are investigated. The empirical analysis is conducted with 45 Turkish jointstock companies listed on the Borsa Istanbul Stock Exchange and indexed in the Corporate Governance Index of BIST. Family businesses are the least efficient in terms of DEA score and have the lowest CGR scores on average. The results reveal positive relationship between both family business and firm performance and family business and CGR. Moreover, CGR scores do not have any significant relationship with firm performance. There is also a positive relationship
between all ownership structures and firm performance. According to industry results, technology and the construction industry have the highest scores whereas financial industry and wholesale and retail industry have the lowest efficiency scores on average. In addition, relationship between industry group and firm performance is not significant.
The article has been published by abacademics.org a federation of 12 allied academies publishing a total of 14 different journals in various fields of business. With an acceptance rate of 30%, each of the journals of our affiliates is double blind, peer reviewed and each is listed in SCOPUS, SCIMAGO, Google Scholar, EBSCO, ProQuest, Cengage Gale, LexisNexis and several other academic databases and search engines. These journals are simultaneously published in hard copy and online.