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EN
This study explores the impact of pay dispersion between different ranks (TMT vs. Non-TMT group) on firm short-term financial performance with mediation effect of organizational turnover with the light of Tournament theory and Stewardship theory. This relationship is also examined with the moderating effect of firm control type which is categorized into family firms vs. non-family firms. We used a firm level data set of 1398 samples collected from TEJ database (from 2018 to 2020) to test the proposed model. The results showed that vertical dispersion (2018) negatively impacts organizational turnover (2019) and consequently improve firm financial performance (2020). In addition, the indirect effect (vertical dispersion-organizational turnover-financial performance) is pronounced in family firms rather than in non-family counterparts.
EN
Purpose: The study aimed to determine whether family businesses in Poland are as involved in international activity as non-family businesses. Moreover, the intention was to identify differences in the forms of foreign expansion employed by family and non-family firms. Design/methodology/approach: The objectives were pursued based on primary research conducted in 188 family firms and 223 non-family firms operating on the Polish market. Findings: The analysis of the results indicates that family firms conduct business activity outside the domestic market significantly less frequently than non-family firms. The most common form of internationalization chosen by Polish family firms is export and import. Generally, these firms are not interested in joint ventures with foreign partners. Compared to non-family firms, Polish family firms establish divisions abroad significantly less frequently. However, they engage in non-equity cooperation more often than non-family firms. Practical implications: Knowledge about the involvement of family and non-family firms in international activity and their preferred forms of internationalization can be used by business environment institutions. Originality/value: The study results enrich the knowledge on the activity of Polish family firms on foreign markets as compared to similar activity of non-family businesses.
3
EN
The impact of the family in the innovation of family businesses (FB) is a particularly important research issue that is explored in the literature on family entrepreneurship. The results of previous research conducted in the field are, however, ambiguous: some point to the positive impact of the family on innovation, and others see the contrary. The ambiguity of research results regarding the relationship between family involvement in a family business and the level of innovation of these firms justifies interest in investigating this topic. Thus, this paper aims at exploring the influence of the family on the implementation of innovations within family firms. In order to achieve the above research goal, research was carried out on a sample of 295 family businesses in Poland in 2018. Its findings indicate only one area where there are weak relationships between variables describing family involvement in the functioning of the firm and implemented innovations.
PL
Celem artykułu jest porównanie procesów sukcesji w firmach rodzinnych Polski i Republiki Czeskiej – w kontekście ich sytuacji ekonomiczno – finansowej. Badania pozwoliły zidentyfikować zakres przeprowadzonych i planowanych sukcesji, barier tych procesów, uwzględniając sytuację ekonomiczno –finansową firm. Wyniki badań potwierdzają duże podobieństwo badanych aspektów sukcesji, zwłaszcza dominację modelu transgeneracyjnego. Podobieństwem charakteryzują się też oceny sytuacji ekonomiczno-finansowej firm i postrzegane bariery. Wyniki przeprowadzonej analizy pozwoliły na sformułowanie propozycji dalszych kierunków badań.
EN
The paper aims to compare succession processes in family firms in Poland and in Czechia. The comparison was performed in the context of their economic and financial position. The study allowed for the identification of the scope of ongoing and planned successions and the barriers to these processes in the light of their economic and financial position. The study results confirm strong similarity between the researched aspects of succession, in particular the dominance of the transgenerational model. Additionally, similarity can be also observed in the comparison of their economic and financial position as well as the barriers to succession. The results of the analysis led to the formulation of directions for further research.
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