Financial behaviour of family companies in the Czech republic

Show simple item record
dc.contributor.authorPražáková, Jaroslava
dc.contributor.authorVejsadová Dryjová, Marie
dc.contributor.authorRybová, Jarmila
dc.contributor.authorPodzimková, Adéla
dc.date.accessioned2025-02-12T10:16:30Z
dc.date.available2025-02-12T10:16:30Z
dc.date.issued2024
dc.description.abstract-translatedThe article deals with an analysis of the financial behaviour of Czech family businesses registered by the Association of Small and Medium Enterprises of the Czech Republic. This association registers a group of entrepreneurs who meet the definition of family businesses and have voluntarily registered in this register. The Albertina database provided data from the financial statements of 475 family businesses for the year 2022. Drawing on an analysed sample, which represents almost 39% of the total number of records in the family business database, the study identifies typical features of financial behaviour in these units. The sample predominantly includes limited liability companies (94.1%), with joint-stock companies making up the remaining 5.9%.Cluster analysis, using the k-means method, allowed three groups of companies to be distinguished according to their similarity. We have identified three key financial indicators for cluster analysis: operational profitability, retained earnings, and total liability. The company's main activity is the basis for calculating operating profitability, defined as the ratio of operating profit to total assets. The retained earnings measure, defined as the ratio between retained earnings and total assets, allows for comparability across industries. Total liability, divided by total assets, indicates the proportion of a company’s assets financed through debt. We compared the three indicators of family firms using a cluster analysis. This comparison of selected financial indicators showed three different groups of family companies in the Czech Republic. We have found that Czech family companies have a conservative approach to financial behaviour. The findings of this study contribute to the understanding of financial behaviour in Czech family companies, providing valuable insights for academics and practitioners in the field.en
dc.description.sponsorshipThis publication was created with the support of the GAJU 129/2022/S project 'Economic and financial imbalances at the enterprise, regional, and national level'.en
dc.format14 s.cs
dc.format.mimetypeapplication/pdf
dc.identifier.isbn978-80-261-1270-9
dc.identifier.urihttp://hdl.handle.net/11025/58240
dc.language.isoenen
dc.publisherFaculty of Economics University of West Bohemiaen
dc.rights© Authors of papersen
dc.rights.accessopenAccessen
dc.subjectfinanční chovánícs
dc.subjectrodinné firmycs
dc.subjectshluková analýzacs
dc.subject.translatedfinancial behaviouren
dc.subject.translatedfamily companiesen
dc.subject.translatedcluster analysisen
dc.titleFinancial behaviour of family companies in the Czech republicen
dc.typekonferenční příspěvekcs
dc.typeconferenceObjecten
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
local.files.count2*
local.files.size629097*
local.has.filesyes*

Files

Original bundle
Showing 1 - 2 out of 2 results
No Thumbnail Available
Name:
ConferenceProceedings_BusinessTrends_2024-186-199.pdf
Size:
340.87 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
ConferenceProceedings_BusinessTrends_2024-uvod.pdf
Size:
273.48 KB
Format:
Adobe Portable Document Format
Download
License bundle
Showing 1 - 1 out of 1 results
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Business Trends 2024: Conference Proceedings
Business Trends 2024: Conference Proceedings