Are Czech Family Firms Different from Non-family Firms?

被引：0

作者：

Machek, Ondrej ^{[1
]}

Votavova, Petra ^{[2
]}

Hnilica, Jiri ^{[1
]}

机构：

[1] Univ Econ, Dept Strategy, Fac Business Adm, Prague, Czech Republic

[2] Univ Econ, Fac Business Adm, Prague, Czech Republic

来源：

FINANCIAL MANAGEMENT OF FIRMS AND FINANCIAL INSTITUTIONS: 10TH INTERNATIONAL SCIENTIFIC CONFERENCE, PTS I-IV | 2015年

关键词：

Family business; return on equity; financial performance; Czech Republic; PERFORMANCE; OWNERSHIP; BUSINESSES; MANAGEMENT; IMPACT;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Family business became a promising area of research in countries of the former Eastern Bloc, including the Czech Republic. According to the literature, there are differences in performance of family and non-family firms. By applying Student's t test to a sample of 1 461 family and 5 379 non-family firms, we found that Czech non-family firms outperformed family firms in asset turnover in 2009-2013. We didn't find any significant differences in return on equity, profit margin and leverage. We explain the possible reasons for differences using semi-structured interviews with family firm owners.

引用

页码：686 / 693

页数：8

共 50 条

[1] Comparison of remuneration in family and non-family firms in the Czech Republic
Hradsky, Ondrej
JOURNAL OF FAMILY BUSINESS MANAGEMENT, 2020, 10 (03) : 265 - 276
[2] Are Family Firms More Levered? An Analysis of Family and Non-Family Firms
Haider, Jahanzaib
Qayyum, Abdul
Zainudin, Zalina
SAGE OPEN, 2021, 11 (02):
[3] Are family firms more optimistic than non-family firms?
Huang, Xuan
Kang, Fei
ACCOUNTING RESEARCH JOURNAL, 2019, 32 (03) : 399 - 416
[4] Are family firms more tax aggressive than non-family firms?
Chen, Shuping
Chen, Xia
Cheng, Qiang
Shevlin, Terry
JOURNAL OF FINANCIAL ECONOMICS, 2010, 95 (01) : 41 - 61
[5] Does Approach to CSR Differs in Family and Non-Family Firms? Case of Czech Republic
Konecny, Frantisek
VISION 2025: EDUCATION EXCELLENCE AND MANAGEMENT OF INNOVATIONS THROUGH SUSTAINABLE ECONOMIC COMPETITIVE ADVANTAGE, 2019, : 8851 - 8861
[6] Does it pay more to be green in family firms than in non-family firms?
Garces-Ayerbe, Concepcion
Rivera-Torres, Pilar
Murillo-Luna, Josefina L.
Suarez-Galvez, Cristina
REVIEW OF MANAGERIAL SCIENCE, 2022, 16 (05) : 1365 - 1386
[7] Does it pay more to be green in family firms than in non-family firms?
Concepción Garcés-Ayerbe
Pilar Rivera-Torres
Josefina L. Murillo-Luna
Cristina Suárez-Gálvez
Review of Managerial Science, 2022, 16 : 1365 - 1386
[8] The Value of Internationalization for Emerging Market Firms - Family versus Non-Family firms
Hsu, Chih-Hsiang
Kao, Ming-Sung
Lee, Lee-Men
ECONOMICS BULLETIN, 2016, 36 (02): : 1214 - +
[9] Are female leaders more efficient in family firms than in non-family firms?
Bjuggren, Per-Olof
Nordstrom, Louise
Palmberg, Johanna
CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2018, 18 (02): : 185 - 205
[10] Board independence and information asymmetry: family firms vs non-family firms
Wu, Kean
Sorensen, Susan
Sun, Li
ASIAN REVIEW OF ACCOUNTING, 2019, 27 (03) : 329 - 349

← 1 2 3 4 5 →