The Intermediary Role of Innovation Orientation in the Effect of Entrepreneurial Orientation on Performance in Family Businesses

Family-owned businesses, which have an important place in the economics of coutry, have an important role of economic activities. Therefore, businesses need to think strategically, innovatively and have an entrepreneurial perspective in adapting them for the purposes of competitive and growth. However, more innovative approaches are needed for the achievements of these businesses and especially for their financial development, and therefore innovative approaches come into prominence. The high entrepreneurial abilities of the managers affect positively the tendency of innovation, as well as providing the continuity of the enterprises, making significant contributions to the financial performance. In this regard, the aim of the study is to examine the mediating role of innovation orientation in the effect of entrepreneurial orientation on performance in family companies. From this point of view, family companies constitute the main mass of the research Accordingly, the Istanbul Chamber of Industry (ICI) top 500 and second 500 business lists were taken as a basis and analyzes were carried out for 350 family companies. As a result of the regression analysis, the GY variable has affected positively on the PER variable. As GY perception increases by 1 br. the PER dimension increases by 0.705 br. IY variable is correlated with positive-directed on PER. As the I dimension increases by 1 br, the PER dimension increases 0.718 br. GY variable is related to positive-directed IY variable. As GY perception increases, IY dimension increases 0.651 br. The IY variable was significantly associated with the PER variable. On the other hand, the GY variable was not significantly associated with the PER variable. The coefficient of affecting the PER size of IY dimension was obtained as 0.712. Since the GY variable resulted in meaningless, the IY variable is a "fully intermediary effective" variable.