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.
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页码：686 / 693
页数：8
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