EFFICIENCY OF THE FAMILY COMPANIES LISTED ON THE ALTERNATIVE MARKET IN POLAND
EFFICIENCY OF THE FAMILY COMPANIES LISTED ON THE ALTERNATIVE MARKET IN POLAND
Author(s): Olga MartyniukSubject(s): Social Sciences, Economy, Business Economy / Management, Family and social welfare
Published by: Univerzita J. Selyeho, Fakulta ekonómie a informatiky
Keywords: Family business; Financial performance; Poland; Alternative market;
Summary/Abstract: Research on family businesses has undergone rapid development since 2000 however most of studies reflect American or Western European enterprises. However, comparison of the results and the conclusions should not be fully identified with the Central Eastern European family entities, because they were created and were developing under different market conditions. This article deals with the relationship between family ownership, family involvement in management and the financial performance of family enterprises in Poland. In the following study, the author investigates the ROA, ROE, ROS indices as well as the asset performance of the family businesses listed on the alternative market during the period of 2009 – 2013. The studies carried out indicate a lack of a statistically significant family influence on profitability of family companies; such significance only appears in case of the asset performance.
Journal: Acta Oeconomica Universitatis Selye
- Issue Year: 5/2016
- Issue No: 1
- Page Range: 96-108
- Page Count: 13
- Language: English