18 November 2021 Thursday
“The transition to the third generation of companies that favor relatives is low”
Making explanations about her memo on the problems experienced in family companies, Asst. Prof. Canan Tiftik says, "Family businesses, providing employment opportunities to many people and contribute to the country's economy, may come to the brink of bankruptcy due to the death of their founder, inheritance quarrels, and disagreements between siblings.” Tiftik indicates that the rate of transition to the third generation is very low, especially for family companies that favor relatives.
