Ondřej Machek, Tomáš Pokorný
Míra úpadků českých rodinných firem
Periodikum: Acta Oeconomica Pragensia
Klíčová slova: family business, bankruptcy, failure, Czech Republic, Rodinné podnikání, bankrot, selhání, Česká republika
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Family business is becoming a promising area of research in post-socialist countries, including theZobrazit více »
Czech Republic. Stability belongs to frequently cited properties of family firms. The goal of this
article is to test the hypothesis whether family firms tend to have a lower rate of failure than their
non-family counterparts. Using a sample of 1148 family and 5972 non-family firms in the Czech
Republic, we find that there is no significant relationship between family involvement and rate of
failure. A possible greater stability of family businesses is not necessarily linked with a lower rate of
bankruptcy. We also discuss possible reasons and policy implications.