New perspective on family businesses in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F21%3A10248407" target="_blank" >RIV/61989100:27510/21:10248407 - isvavai.cz</a>

Result on the web

<a href="https://zenodo.org/record/5834823#.YeAdA2jMKHt" target="_blank" >https://zenodo.org/record/5834823#.YeAdA2jMKHt</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

New perspective on family businesses in the Czech Republic

Original language description

Research background: In both Czech and international economies, family businesses are undeniably significant. They are also critical in the globalization process. They have always been the main source of private sector employment in the world. However, there has never been a unified concept of family business, making it difficult for the government to differentiate between family and non-family businesses. As a result, the administrative and legal process became more complex. Finally, in 2019, the Czech Republic&apos;s concept of a family business was established, making certain administrative and legal process easier. Simultaneously, the management of Czech family companies is undergoing the first &quot;post-revolutionary&quot; transformation. Many companies are debating whether to keep their current business organizations or change them. The aim of this article is to figure out which legal type of business is best for micro family business. The TOPSIS method and the Saaty pair comparison method are used in this article. The article employs a variety of approaches, including analysis, synthesis, and comparison, as well as selected method of multiple criteria decision making. The decision analysis revealed that the most optimal legal model of the family business is self-employed, based on the parameters, considered (legal, accounting, tax, and managerial). Aside from the findings, the study adds value to this subject for the Czech business climate, allowing potential scholars to compare the Czech Republic to other countries.

Czech name

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Czech description

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Type

C - Chapter in a specialist book

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2021

Confidentiality

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

Book/collection name

Actual issues of modern development of socio-economic systems in terms of the COVID-19 pandemic

ISBN

978-619-7622-16-4

Number of pages of the result

12

Pages from-to

341-352

Number of pages of the book

473

Publisher name

VUZF University

Place of publication

Sofie

UT code for WoS chapter

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