Evaluation of the accounting and market performance of family companies compared to non-family businesses

This study investigated whether family companies and non-family companies differ in terms of accounting and financial market performance for the Turkish sample. In this study, the accounting and financial market performance indicators of family companies and non-family companies operating in the manufacturing sector in Turkey were compared using the Unpaired T-Test for 2021, 2022 and 2023. In the analysis, gross profit margin, net profit margin, operating profit margin, profit margin before interest and taxes, profit margin before interest, taxes and depreciation, return on assets and return on equity were used as accounting performance indicators; while price earnings ratio, book to market value ratio and stock return were used as financial market performance indicators. In total, data of 99 companies and 122 companies were accessed for accounting performance indicators and financial market performance indicators respectively. As a result of the study, while no consistent and significant difference was observed in terms of accounting performance between family companies and non-family companies in general; it was concluded that family companies showed a relatively better performance in terms of financial market performance.