Socially responsible activities and the economic performance of family businesses

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/04274644:_____/23:#0001080

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Socially responsible activities and the economic performance of family businesses

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Socially responsible activities and the economic performance of family businesses

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

<a href="/cs/project/TL02000434" target="_blank" >TL02000434: Rodinné podniky: generátory hodnoty a určování hodnoty v procesu nástupnictví</a><br>

Návaznosti

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

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Journal of Infrastructure Policy and Development

ISSN

2572-7931

e-ISSN

—

Svazek periodika

7

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

19

Strana od-do

„“-„“

Kód UT WoS článku

001043852900001

EID výsledku v databázi Scopus

2-s2.0-85165937886