The sustainability of family firms during an economic crisis

ODEHNALOVÁ, Pavla. The sustainability of family firms during an economic crisis. Online. In Petr Mikuš, Martin Cenek, Martin Štěrba. Proceeding form ISCOBEMM. 1st ed. Brno: Ekonomicko-správní fakulta MU, 2018, p. 162-166. ISBN 978-80-210-8714-9.

Basic information

• Original name: The sustainability of family firms during an economic crisis
• Authors: ODEHNALOVÁ, Pavla (203 Czech Republic, guarantor, belonging to the institution).
• Edition: 1. vyd. Brno, Proceeding form ISCOBEMM, p. 162-166, 5 pp. 2018.
• Publisher: Ekonomicko-správní fakulta MU

Other information

• Original language: English
• Type of outcome: Proceedings paper
• Field of Study: 50204 Business and management
• Country of publisher: Czech Republic
• Confidentiality degree: is not subject to a state or trade secret
• Publication form: electronic version available online
• RIV identification code: RIV/00216224:14560/18:00105166
• Organization unit: Faculty of Economics and Administration
• ISBN: 978-80-210-8714-9
• UT WoS: 000495441500021
• Keywords in English: Family firm; crisis; surviving; sustainability; trust; risk aversion
• Tags: International impact, Reviewed

Abstract

This paper presents the results from research into the survival of family and non-family firms. The research used the Competitiveness of Czech firms matrix from 2009. The study looked at firms which were able to survive the economic crisis and observed their characteristics. The results indicated that family firms survived the economic crisis at a higher rate than non-family firms, and also that some of the non-family firms became family firms. The results open up new areas of research concerning the source of family-firm resilience during a crisis.

Links

• 1M0524, research and development project: Name: 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