Who is More Sustainable? Family Business or Non-Family Business? Czech Evidence

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F20%3A10245037" target="_blank" >RIV/61989100:27510/20:10245037 - isvavai.cz</a>

Result on the web

<a href="https://www.mdpi.com/2071-1050/12/14/5540" target="_blank" >https://www.mdpi.com/2071-1050/12/14/5540</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/su12145540" target="_blank" >10.3390/su12145540</a>

Result language

angličtina

Original language name

Who is More Sustainable? Family Business or Non-Family Business? Czech Evidence

Original language description

The aim of this research was to find out whether family businesses create better opportunities for their economic sustainability in comparison with non-family businesses. That is, whether family businesses are more responsible in preparing for crises than non-family businesses. Having a sustainable business means being prepared for potential threats of all kinds. Research was carried out in 2019 on a sample of 2300 family and non-family enterprises. On the basis of statistically processed results, a minimum of significant differences in preparation for the crisis was identified. Even the basic hypothesis about a more responsible approach by family businesses to prepare for the crisis could not be accepted. It could not be noted that family businesses are building better conditions for their economic sustainability. The implication for praxis is to encourage owners to involve the family more in the preparation for crises, including development of formalised tools. Predetermined tools will help in solving crises that threaten the source of livelihoods of the whole family. The comparison of family and non-family businesses in this area, as yet unexplored, has the potential to contribute to the deepening of research in both crisis management and family business, which is the main contribution to the theoretical field.

Czech name

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Czech description

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Type

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

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2020

Confidentiality

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

Name of the periodical

Sustainability

ISSN

2071-1050

e-ISSN

—

Volume of the periodical

12

Issue of the periodical within the volume

14

Country of publishing house

CH - SWITZERLAND

Number of pages

27

Pages from-to

5540

UT code for WoS article

000558384400001

EID of the result in the Scopus database

2-s2.0-85088627476