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Family Business in the Czech Republic

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  • Pavla Breckova

Abstract

The modern history of private entrepreneurship as well as family businesses in the Czech Republic began a quarter of a century ago, which, compared to traditional democracies, is a relatively short period of time. During this period, companies underwent turbulent changes, and although the perception of entrepreneurship has not changed much since the 1990s, and entrepreneurship is still not held in much esteem by society, the image of family firms and their actual sophistication is much more positive. The purpose of the research was to map out the current situation of small and medium-sized family businesses in the Czech Republic, the perception of barriers for the business and the perception of positives associated with the typical features of a family business. This paper also offers a structured basic identification of the pros and cons of family business in the environment of young democracy perceived especially by the family businesses themselves. It is based on the quantitative survey conducted among 505 respondents – family businesses in the segment of small and medium sized enterprises (SMEs). This research has filled the gap in knowledge about the topical priorities of SME family business; it is these top priorities, which provide the most valid signals about the current condition of this part of the national economy.

Suggested Citation

  • Pavla Breckova, 2016. "Family Business in the Czech Republic," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 3-16.
  • Handle: RePEc:ers:journl:v:xix:y:2016:i:4:p:3-16
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    File URL: http://www.ersj.eu/repec/ers/papers/16_4_p1.pdf
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    1. Karel HavlÃ­Ä ek & Eleftherios Thalassinos & Liliana Berezkinova, 2013. "Innovation Management and Controlling in SMEs," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 57-70.
    2. repec:ers:journl:v:xvi:y:2013:i:sisme:p:57-70 is not listed on IDEAS
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    13. I.V. Takmasheva & D.V. Sannikov, 2018. "Assessing the Potential of Small Business Development in the Northern Region of Russia Based on Correlation Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 577-587.
    14. Kamil R. Bibarsov & Natalia V. Kretova & Elena Yu. Popova, 2017. "Improvement of Innovative Forms as a Tool for Effective Development of Small Business," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 98-110.
    15. M.S. Reshetnikova, 2018. "Innovation and Entrepreneurship in China," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 506-515.
    16. Kamil Ramisovich Bibarsov & Galina Ivanovna Khokholova & Dilara Ramisovna Okladnikova, 2017. "Conceptual Basics and Mechanism of Innovation Project Management," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 224-235.
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    18. Fitri Wulandari & Indi Djastuti & Nuryakin, 2017. "Reassessment of the Entrepreneurial Motivation among Female Business Owners to Enhance SMEs Business Performance in Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 18-34.
    19. M.S. Reshetnikova, 2018. "Innovation and Entrepreneurship in China," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 506-515.
    20. Olga Yuryevna Vorozhbit & Yelena Vladimirovna Levkina, 2017. "Improving Scoring System of Performance Indicators of Industrial Systems at the Meso-Level," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 596-603.
    21. E. Nakhratova & I. Ilina & O. Urzha & E. Kryukova & E. Potekhina, 2018. "Minimum Living Wage as a Basic Aspect for Managing the Population`s Life Quality in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 601-610.
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    23. Wittaya Charupongsopon & Wilert Puriwat, 2017. "The Influence of Entrepreneurial Orientation and Family Business’s Resources and Capabilities on Ìarketing Performances," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 150-163.

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    More about this item

    Keywords

    family business; SME;

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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