Unveiling the nexus: Family engagement, innovation, and performance in Polish family enterprises Cover Image

Związki między zaangażowaniem rodziny a innowacyjnością i wynikami polskich przedsiębiorstw rodzinnych
Unveiling the nexus: Family engagement, innovation, and performance in Polish family enterprises

Author(s): Teresa Krasnicka, Izabella Steinerowska-Streb
Subject(s): Economy
Published by: Kancelaria Sejmu
Keywords: innovations;family firms in Poland;family enterprise;family involvement;firm performance

Summary/Abstract: The article presents the research results on the relationship between family involvement and innovation of family firms and their economic performance. The following criteria were used to measure family involvement: participation of family members in the company’s management, participation in ownership, presence of family members among the company’s employees, and the act of carrying out succession. Based on the analysis of the collected data from Polish family businesses, it was found that family involvement positively influences the company’s performance. However, the relationship between family involvement and firm innovativeness, measured by the number of implemented product innovations, was statistically insignificant. The study’s findings confirm the complexity of family businesses and the ambiguous nature of family influence on family business.

  • Issue Year: 2024
  • Issue No: 1
  • Page Range: 53-71
  • Page Count: 19
  • Language: Polish
Toggle Accessibility Mode