Some 64 percent of Turkey’s family companies registered growth in 2010, while 82 percent forecast growth this year, according to a recent survey by a prominent global assurance, tax and business consultancy.
The PricewaterhouseCoopers, or PwC, study surveyed 50 family companies in Turkey, Adnan Nas, senior partner of PwC Turkey, said Tuesday in a press meeting in Istanbul, adding that an executive from the consultancy had interviewed the family companies personally.
The global survey included 1,606 companies from 35 countries.
People wrongly think that family companies do not exist in developed countries, Nas said. “But they constitute some 75 percent of the companies in these countries,” he said, adding that family companies are responsible for upwards of 50 percent of some national incomes.
Family companies in Turkey represent 95 percent of the workforce and they account for 75 percent of the national income, he said. “The importance of these companies is increasing as they go public. They are becoming the driving force of the economy.”
According to the survey, many family companies in Turkey plan to undergo some structural changes this year. Some 73 percent of the survey respondents said the family company structure protected them during the crisis.
More than half of the family companies surveyed plan a change in ownership, mainly via initial public offerings, the PwC survey showed.
Half the surveyed companies said they operated with less than 50 million euros.
The PricewaterhouseCoopers, or PwC, study surveyed 50 family companies in Turkey, Adnan Nas, senior partner of PwC Turkey, said Tuesday in a press meeting in Istanbul, adding that an executive from the consultancy had interviewed the family companies personally.
The global survey included 1,606 companies from 35 countries.
People wrongly think that family companies do not exist in developed countries, Nas said. “But they constitute some 75 percent of the companies in these countries,” he said, adding that family companies are responsible for upwards of 50 percent of some national incomes.
Family companies in Turkey represent 95 percent of the workforce and they account for 75 percent of the national income, he said. “The importance of these companies is increasing as they go public. They are becoming the driving force of the economy.”
According to the survey, many family companies in Turkey plan to undergo some structural changes this year. Some 73 percent of the survey respondents said the family company structure protected them during the crisis.
More than half of the family companies surveyed plan a change in ownership, mainly via initial public offerings, the PwC survey showed.
Half the surveyed companies said they operated with less than 50 million euros.
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