Socially responsible activities and the economic performance of family businesses

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F23%3APU148533" target="_blank" >RIV/00216305:26510/23:PU148533 - isvavai.cz</a>

Alternative codes found

RIV/04274644:_____/23:#0001080

Result on the web

<a href="https://systems.enpress-publisher.com/index.php/jipd/article/view/1958" target="_blank" >https://systems.enpress-publisher.com/index.php/jipd/article/view/1958</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.24294/jipd.v7i1.1958" target="_blank" >10.24294/jipd.v7i1.1958</a>

Result language

angličtina

Original language name

Socially responsible activities and the economic performance of family businesses

Original language description

Promoting 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.

Czech name

—

Czech description

—

Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50204 - Business and management

Project

<a href="/en/project/TL02000434" target="_blank" >TL02000434: Family businesses: Value drivers and value determination in the process of succession</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Infrastructure Policy and Development

ISSN

2572-7931

e-ISSN

—

Volume of the periodical

7

Issue of the periodical within the volume

1

Country of publishing house

US - UNITED STATES

Number of pages

19

Pages from-to

„“-„“

UT code for WoS article

001043852900001

EID of the result in the Scopus database

2-s2.0-85165937886