Unique Features of Czech Family Businesses

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dc.contributor.authorSrbová, Pavlacs
dc.contributor.authorRežňáková, Máriacs
dc.date.accessioned2025-02-28T13:53:51Z
dc.date.available2025-02-28T13:53:51Z
dc.date.issued2024-07-18cs
dc.description.abstractPurpose of the article Family businesses are the predominant form of business, and not only in the Czech Repub-lic. As such, they have a significant impact on the economy. The literature review shows that family businesses have specific characteristics that distinguish them from non-family businesses. A family business is one in which the family holds a majority ownership and controls strategic decisions. In these businesses, there is a sense of social responsibility, and the owners tend to care about the business environment and support the next generation of the family. As a result, increased attention is paid to the specifics of these businesses. It is, therefore, important to know the specifics of Czech family businesses and compare them with assumptions from the literature. Methodology/methods The characteristics of family-owned businesses were identified on the basis of a literature review. These characteristics were then the subject of a questionnaire survey. Data were analysed using descriptive statistics and evaluated in relation to assumptions made in the foreign literature. Scientific aim This article aims to describe the specifics of Czech family businesses and compare them with the assumptions derived from the literature. This is followed by an explanation of the reasons for the differences found as compared to expectations. Findings The following differences from foreign research on family businesses can be highlighted: Czech family businesses have a short history, they do not often develop long-term plans, one third of owners are willing to accept non-family investors, and only 10% of owners stated that family members are preferred when selecting employees. Conclusions Many family businesses in the Czech Republic are currently dealing with the first generational trans-fer. This study improves understanding of Czech family business specifics, which could help to prevent failures in the succession of family businesses to the next generation. Originality/value The study examines the unique aspects of Czech family businesses as compared to their coun-terparts abroad.en
dc.formattextcs
dc.format.extent215-225cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationINTERACTION OF LAW AND ECONOMICS: SUSTAINABLE DEVELOPMENT. 2024, p. 215-225.en
dc.identifier.doi10.2478/9788367405331-toccs
dc.identifier.isbn9788367405331cs
dc.identifier.orcid0000-0003-4076-9829cs
dc.identifier.orcid0000-0002-7261-607Xcs
dc.identifier.other189547cs
dc.identifier.researcheridGDA-5683-2022cs
dc.identifier.researcheridAAQ-6282-2020cs
dc.identifier.scopus36125352900cs
dc.identifier.urihttps://hdl.handle.net/11012/250078
dc.language.isoencs
dc.publisherSciendocs
dc.relation.ispartofINTERACTION OF LAW AND ECONOMICS: SUSTAINABLE DEVELOPMENTcs
dc.relation.urihttps://sciendo.com/chapter/9788367405331/10.2478/9788367405331-025cs
dc.rightsCreative Commons Attribution-NonCommercial 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/cs
dc.subjectCzech Republicen
dc.subjectdescriptive statisticsen
dc.subjectfamily businessen
dc.subjectnon-financial goalsen
dc.subjectownershipen
dc.subjectsuccessionen
dc.titleUnique Features of Czech Family Businessesen
dc.type.driverconferenceObjecten
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-189547en
sync.item.dbtypeVAVen
sync.item.insts2025.02.28 14:53:51en
sync.item.modts2025.02.28 13:32:00en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav financícs
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