INNOVATIONS IN FAMILY BUSINESS: SUCCESSION AND ITS INFLUENCE ON SOURCES OF INVESTMENT
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F20%3A10245821" target="_blank" >RIV/61989100:27510/20:10245821 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
INNOVATIONS IN FAMILY BUSINESS: SUCCESSION AND ITS INFLUENCE ON SOURCES OF INVESTMENT
Original language description
Purpose: This research paper is dedicated to innovation in family businesses. The aim is to determine whether the degree of innovation in family businesses is related to the advent of successor generation, what kind of approach to innovation the successor generation has and what level of innovation in family businesses depends on other selected factors. Design/methodology/approach: The methodology is based on the study of foreign and domestic sources and subsequent empirical research. The interviewing process took place between December 2018 and October 2019; research was built on 151 respondents of family businesses in the Czech Republic A graphical representation was used to evaluate the questionnaire followed by quantification of the association rates. The results were then tested using Pearson's test. Findings: There is a relationship between succession in family businesses and the choice of different sources of invention and finance for innovation activities. And the greatest effects in implementing innovation are achieved by generations working together. Research/practical implications: The conclusions can be used to plan succession and a takeover in a family business. Research shows that family businesses are likely to generate disagreement among its members, hence it would be useful to continue further research on other aspects of succession, such as the age of active family members (founders and successors), the goals of innovative activities or reasons for using different sources of financing. Originality/value: The research addresses not only innovation and innovativeness in family businesses but also examines how the successor generation has an impact on the frequency and degree of innovation in family businesses. The main benefit of this research is that it brings significant insights into the approach and influence of the successor generation on the innovation of Czech family businesses.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50204 - Business and management
Result continuities
Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
PROCEEDINGS OF THE 8TH INTERNATIONAL CONFERENCE INNOVATION MANAGEMENT, ENTREPRENEURSHIP AND SUSTAINABILITY (IMES 2020)
ISBN
978-80-245-2378-1
ISSN
—
e-ISSN
—
Number of pages
14
Pages from-to
153-166
Publisher name
OECONOMICA PUBLISHING HOUSE
Place of publication
PRAGUE 3
Event location
Prague
Event date
May 28, 2020
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000589725700013