Socially responsible activities and the economic performance of family businesses

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dc.contributor.authorSrbová, Pavlacs
dc.contributor.authorRežňáková, Máriacs
dc.contributor.authorTomášková, Andreacs
dc.coverage.issue1cs
dc.coverage.volume7cs
dc.date.issued2023-06-15cs
dc.description.abstractPromoting the idea of socially responsible business is an undeniably important topic that resonates in both theory and practice. Its influence on business performance has been theoretically substantiated and has been confirmed in many empirical studies, though this has been based on research conducted in large companies. It is only recently that studies connecting the principles of CSR and the business activities of SMEs or family businesses that make up a decisive proportion of SMEs have appeared. This article is devoted to research into the implementation of the principles of CSR in family businesses and their economic performance. The research was conducted on the basis of data obtained both from a questionnaire survey among owners of family businesses and from accounting data. The attitudes of owners of family businesses towards activities typical of CSR were proven to be reflected in the economic results of the companies in a sample of Czech family MSMEs. Our research proved that family businesses that support work-life balance and good relations with employees achieve better performance, namely higher profitability and lower indebtedness. These results confirm the positive impact of CSR principles on long-term sustainability of family businesses and their importance to the country’s overall economy.en
dc.formattextcs
dc.format.extent19cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationJournal of Infrastructure Policy and Development. 2023, vol. 7, issue 1, 19 p.en
dc.identifier.doi10.24294/jipd.v7i1.1958cs
dc.identifier.issn2572-7931cs
dc.identifier.orcid0000-0003-4076-9829cs
dc.identifier.orcid0000-0002-7261-607Xcs
dc.identifier.other184037cs
dc.identifier.researcheridGDA-5683-2022cs
dc.identifier.researcheridAAQ-6282-2020cs
dc.identifier.scopus36125352900cs
dc.identifier.urihttp://hdl.handle.net/11012/213644
dc.language.isoencs
dc.publisherEnPresscs
dc.relation.ispartofJournal of Infrastructure Policy and Developmentcs
dc.relation.urihttps://systems.enpress-publisher.com/index.php/jipd/article/view/1958cs
dc.rightsCreative Commons Attribution-NonCommercial 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2572-7931/cs
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/cs
dc.subjectbusiness performance; corporate social responsibility; Czech Republic; family business; micro-en
dc.subjectsmall- and medium-sized enterprisesen
dc.titleSocially responsible activities and the economic performance of family businessesen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-184037en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:19en
sync.item.modts2025.01.17 16:35:55en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav financícs
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