ODEHNALOVÁ, Pavla and Petr PIROŽEK. FAMILY BUSINESSES IN THE CORPORATE GOVERNANCE OF MNCS. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. Brno: Mendelova univerzita v Brně, 2015, vol. 63, No 3, p. 979-984. ISSN 1211-8516. Available from: https://dx.doi.org/10.11118/actaun201563030979.
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Basic information
Original name FAMILY BUSINESSES IN THE CORPORATE GOVERNANCE OF MNCS
Authors ODEHNALOVÁ, Pavla (203 Czech Republic, guarantor, belonging to the institution) and Petr PIROŽEK (203 Czech Republic, belonging to the institution).
Edition Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Brno, Mendelova univerzita v Brně, 2015, 1211-8516.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50600 5.6 Political science
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
WWW URL
RIV identification code RIV/00216224:14560/15:00083326
Organization unit Faculty of Economics and Administration
Doi http://dx.doi.org/10.11118/actaun201563030979
Keywords in English multinational companies; family business; non-family business; centralization; expatriates
Tags International impact, Reviewed
Changed by Changed by: doc. Ing. Pavla Marciánová, Ph.D., učo 63229. Changed: 7/7/2015 14:11.
Abstract
The issue of family businesses is currently a very topical theme in the academic world. The importance of family businesses increases with internationalization and is associated with business success in global market conditions. A fundamental part of business activities abroad is the correct application of the corporate governance of subsidiaries of multinational family businesses. The available fi ndings do not cover this area suffi ciently, especially in the context of transformed economies in CEE. In view of the nature of foreign business activities, the degree of centralization of competences transferred between subsidiaries and headquarters and the presence of expatriates from the headquarters of multinational companies represented by the family fi rm in statutory bodies can be regarded as important variables. The main aim of the present paper is, based on research carried out, to describe and analyze the degree of centralization and presence of expatriates in the corporate governance of subsidiaries of multinational family businesses operating in the Czech Republic. The paper presents the results of an empirical investigation with a description of the presence of expatriates in the statutory bodies of subsidiaries of multinational companies in the Czech Republic. The results obtained present the number of subsidiaries corresponding to the defi nition of a family business with an emphasis on SMEs of up to 250 employees and the degree of centralization and presence of expatriates in administrative or executive authority, or in other positions. The sample which was used to research the family business comprised 214 subsidiaries of multinational companies from the most important sectors of the Czech economy.
Links
1M0524, research and development projectName: Centrum výzkumu konkurenční schopnosti české ekonomiky
Investor: Ministry of Education, Youth and Sports of the CR, Research Centre for the Competitiveness of the Czech Economy
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