Do family businesses perform better than non-family businesses? The situation in Czech companies

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dc.contributor.authorSrbová, Pavlacs
dc.contributor.authorRežňáková, Máriacs
dc.contributor.authorKaras, Michalcs
dc.contributor.authorPěta, Jancs
dc.date.issued2021-07-16cs
dc.description.abstractResearch background: Recent research conducted in the field of entrepreneurship focuses on a better understanding of specific features of family businesses, which, according to estimates, make up 55–90 % of all business entities in EU member states. Foreign studies emphasise the greater resilience of family businesses in the face of adverse changes in their business environment, their ability of long-term survival and a higher degree of socially responsible behaviour. Purpose of the article: The main objective of this article is to find out whether there are statistically significant differences in performance between family and non-family businesses. The results will be used to determine whether the performance of family businesses differs from that of non-family businesses and to identify the specific features of family business. This information will also be used to enhance our knowledge of family entrepreneurship and to determine whether the conclusions of foreign studies are also valid for family businesses in the Czech Republic. Methods: We compared the results of two sets of data with financial results to identify differences in the performance of family and non-family businesses. Due to the fact that there is currently no register of family businesses, we first had to identify which are family businesses and complement them with non-family businesses. We used the accounting data of almost 8,000 businesses from the years 2014–2018 for this analysis. We defined 44 indicators and tested them using Welch’s t-test. Findings & value added: The analysed sample consists predominantly of small businesses. We identified a total of 30 ratios whose values differ statistically at a significance level of 5 %, for example current assets to sales, retained earnings to total assets and labour cost to sales. We can deduce from the results that there are differences in performance between family and non-family businesses.en
dc.formattextcs
dc.format.extent137-146cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationContemporary issues in economy. 2021, p. 137-146.en
dc.identifier.doi10.24136/eep.proc.2021.3cs
dc.identifier.isbn978-83-65605-38-2cs
dc.identifier.orcid0000-0003-4076-9829cs
dc.identifier.orcid0000-0002-7261-607Xcs
dc.identifier.orcid0000-0001-8824-1594cs
dc.identifier.orcid0000-0001-6309-3601cs
dc.identifier.other172229cs
dc.identifier.researcheridGDA-5683-2022cs
dc.identifier.researcheridAAQ-6282-2020cs
dc.identifier.researcheridC-1261-2018cs
dc.identifier.researcheridAAO-7053-2020cs
dc.identifier.scopus36125352900cs
dc.identifier.scopus55321000300cs
dc.identifier.scopus57192815808cs
dc.identifier.urihttp://hdl.handle.net/11012/208783
dc.language.isoencs
dc.publisherEconomic Publishing Platformcs
dc.relation.ispartofContemporary issues in economycs
dc.relation.urihttp://economic-research.pl/Books/index.php/eep/catalog/book/85cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectfamily businessesen
dc.subjectperformanceen
dc.subjectWelch’s t-testen
dc.subjectCzech Republicen
dc.titleDo family businesses perform better than non-family businesses? The situation in Czech companiesen
dc.type.driverconferenceObjecten
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-172229en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:18en
sync.item.modts2025.01.17 15:20:44en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav financícs
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