Using stewardship and agency theory to explore key performance indicators of family businesses
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F21%3AA0000259" target="_blank" >RIV/47813059:19520/21:A0000259 - isvavai.cz</a>
Result on the web
<a href="http://ojs.wsb.edu.pl/index.php/fso/article/view/442" target="_blank" >http://ojs.wsb.edu.pl/index.php/fso/article/view/442</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.23762/FSO_VOL9_NO4_1" target="_blank" >10.23762/FSO_VOL9_NO4_1</a>
Alternative languages
Result language
angličtina
Original language name
Using stewardship and agency theory to explore key performance indicators of family businesses
Original language description
hroughout the life cycle in business, family businesses face significant management challenges, one of which is looking for a successor in the next generation or passing on management to managers. If an entrepreneur decides to hire an external manager, he has two options: stewardship or agency theory. The purpose of this article is to evaluate how the use of stewardship theory and agency theory could improve the use of key performance indicators in a family business. The proposals are based on a field survey of 323 business owners conducted in 2020, when the dominance of the stewardship theory was confirmed. Cluster analysis was used to identify factors, with the basic premise being to reinvest profits and identify common characteristics. In addition, a checklist of seven key performance indicators with weighting score lists was provided for evaluation. The most important areas were revealed to be the logistics system (43.89%), current assets related to liquidity (15.33%), and cost management (9.54%).
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Forum Scientiae Oeconomia
ISSN
2300-5947
e-ISSN
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Volume of the periodical
9
Issue of the periodical within the volume
4
Country of publishing house
PL - POLAND
Number of pages
22
Pages from-to
9-30
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85123106751