How innovativeness of family-owned SMEs differ depending on their characteristics?

Equilibrium Quarterly Journal of Economics and Economic Policy, Journal Year: 2021, Volume and Issue: 16(2), P. 413 - 428

Published: June 30, 2021

Research background: SMEs encounter more survival impediments than larger businesses. Innovativeness is a crucial attribute for smaller firms to overcome these barriers since it positively influences their performance, competitiveness, and capability operate in the long term. However, depending on firm characteristics, innovativeness of might differ. Purpose article: This research investigates whether family-owned differs size, sector, area activity, succession sample 350 that Czechia. Methods: The data collected Czech Republic 2020 through structured self-administered questionnaire were analyzed using Skewness-Kurtosis Levene's normality tests Independent Sample T-test find differences selected characteristics. Findings & value added: According results, SMEs' industry, activity. On other hand, analyses confirmed nonexistence innovative-ness concerning involvement. region operation, scope activities, firms' executives' age be arguments explain similarities enterprises' innovativeness. Even though focuses only located Czechia, similarity issues all face when competing with worldwide, especially if we take into consideration countries similar level development overall institutional business conditions, allows generalizing our results draw readers' attention this paper. Policymakers, universities, international institutions, financial institutions cooperate create industrial zones, encourage centers, provide education support stimulate innovative activities.

Language: Английский

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How to sustain company growth in times of crisis: The mitigating role of entrepreneurial management

Journal of Business Research, Journal Year: 2022, Volume and Issue: 142, P. 377 - 386

Published: Jan. 7, 2022

Language: Английский

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Social capital: Evaluating its roles in competitiveness and ensuring human development

Journal of Competitiveness, Journal Year: 2023, Volume and Issue: 15(2)

Published: June 30, 2023

This contribution identifies the features of social capital (SC) development and its relationship with competitiveness based on a two-tier analysis: (1) SC key indicators human at macroeconomic level; (2) impact components financial non-financial enterprise competitiveness.The peculiarities are revealed using statistical data 171 countries, in particular, value sub-index as constituent global sustainability index from 2014 to 2020.The differences determined via cluster analysis performed by means software STATISTICA 10.0.As result, it was uncovered that world countries highly heterogeneous level development, differences, which narrowed slightly 2017-2019, showed an increase again identified where is highest, also among leaders terms development.Regarding growth enterprise, we found out influenced mainly relational cognitive capital.These findings were obtained result our own survey conducted representative sample owners managerial staff December 2020 -March 2021.

Language: Английский

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So … are family firms more sustainable? On the economic, social and environmental sustainability of family SMEs

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: 33(5), P. 4252 - 4270

Published: Feb. 1, 2024

Abstract In this work, we address the conflicting results that appear in literature regarding whether family firms are more or less sustainable than nonfamily each of three dimensions, by focusing on group has been largely disregarded: small‐ and medium‐sized (family SMEs). We set a number hypotheses, which test sample Spanish manufacturing food beverages sector, using structural equation modelling. conclude competing arguments coexist both favour against these being environmentally economically sustainable, finally balance themselves out. However, found out tend to take greater care their closer stakeholders, which, together with importance given social relations external make them champions terms sustainability. Our show able be socially without having compromise economic performance long term. Finally, as not an homogeneous group, analyse our firm specific, taking into account role generations run business currently involved exert sustainability, thereby reaching at very interesting conclusions.

Language: Английский

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Identity crisis of artists during the Covid-19 pandemic and shift towards entrepreneurship

Entrepreneurial Business and Economics Review, Journal Year: 2021, Volume and Issue: 9(3), P. 87 - 102

Published: Jan. 1, 2021

Objective: The objective of the article is to understand changes in artists' identity facing global obstacle caused by Covid-19 pandemic and impact crisis into shift towards entrepreneurial behaviours. Creative individuals seems be perfect examples adjustments changing environment. Research Design & Methods: qualitative research was conducted form in-depth interviews with key informants (artists different experiences from countries cultures) auto-ethnography. Findings: a artist's identity. Individuals complex identities deal better than sole individuals. Artists-entrepreneurs are increasingly looking for new forms activity during crisis. Artistry-Creativity-Entrepreneurship Matrix which allow shifts among one fractional case Implications Recommendations: results can used by: (entrepreneurs, managers, artists) having complex/mixed understanding situation its possibilities flowing layers human personality underlining creativity; 2) business types customers and/or wanting more market participants. Contribution Value Added: describes unexplored areas artistry creative entrepreneurs. Distinction between creativity marked here clearly. application theory aesthetics field artistic as basis analysis phenomenon creativity, opens up potential  

Language: Английский

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Were we happy and we didn’t know it? A subjective dynamic and financial assessment pre-, during and post-COVID-19

The European Journal of Health Economics, Journal Year: 2022, Volume and Issue: 24(5), P. 749 - 768

Published: Aug. 19, 2022

The COVID-19 pandemic has brought many changes into people's lives. Fear, job insecurity, in their financial stability, concerns about future lives have changed the entire of people and affected cognitive well-being individuals. purpose present analysis is to measure how pandemic, along with factors, perceived level We are also interested whether there differences between life before COVID-19, now after terms expectations. To address this objective, we performed an ANOVA approach a GLM estimate on repeated measures for large sample (1572 respondents) from 43 worldwide countries, during period May 2020 July 2021. Our results show that factors reflected by both size income personal or family affect levels happiness. Robustness checks using stress as alternative estimator happiness consolidated our results. Additionally, find compared previous decreased, while future, expect be happier, but not more than past when they did know existence virus. This one first studies investigate relationship before, during, COVID-19. These findings important policymakers improve conditions living areas health stability.

Language: Английский

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Effective business model adaptations in family SMEs in response to the COVID-19 crisis

Journal of Family Business Management, Journal Year: 2022, Volume and Issue: 13(1), P. 101 - 117

Published: June 24, 2022

Purpose The present paper aims at exploring effective business model adaptations in response to unexpected events such as the COVID-19 pandemic. Design/methodology/approach authors test effect of two major adaptations, namely changes value proposition and target market, on a sample 96 family SMEs. Findings Results show that only had positive significant impact performance, helping SMEs better confront COVID-19. However, this is reduced case market change. Originality/value To best authors’ knowledge, first study investigate how affect performance crisis situations.

Language: Английский

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Mobilisation of survivability capital – family firm response to the coronavirus crisis

International Journal of Entrepreneurial Behaviour & Research, Journal Year: 2021, Volume and Issue: 27(9), P. 48 - 81

Published: Nov. 4, 2021

Purpose Survivability capital is a unique resource resulting from the “familiness” constituting an inherent feature of family firms. Familiness represents ability members to reinforce financial and non-financial resources businesses facing threats their economic existence. This work proposes examines various dimensions survivability construct, verifying whether firms expecting deterioration situation or problems with survival due COVID-19 crisis can mobilise sufficient survive. Design/methodology/approach article provides empirical evidence based on cross-sectional online survey 167 Polish firms, conducted at beginning pandemic. The method (scale) measurement was elaborated validated using principal component analysis (PCA) confirmatory factor analyses (CFA). Next, mobilisation different examined PLS-SEM modelling. Findings composed two dimensions: internal (based directly involved members) external not members). Family crisis-induced engage its component. Subsequently, forecasting decreasing probability during try both components capital. Such behaviour in line resource-based view as well sustainable business theory. Originality/value To best authors' knowledge, this one first studies examine analytically construct. While previous mentioned existence capital, study attempts introduce test crisis.

Language: Английский

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Changes in the Innovation- and Marketing-Habits of Family SMEs in the Foodstuffs Industry, Caused by the Coronavirus Pandemic in Hungary

Sustainability, Journal Year: 2022, Volume and Issue: 14(5), P. 2914 - 2914

Published: March 2, 2022

The economic specialties caused by the global coronavirus pandemic completely changed everyday life regarding certain sectors. For small and medium enterprises, processing during held several significant challenges, such as: cost-efficient operations, hardship of keeping employees, efficient management innovation various corporate activities, customers, etc. Many enterprises saw severe damages indirectly from pandemic, as society itself had its habits significantly changed, thereby necessitating changes in strategy for most notably local service providers producers that have no delivery service. In order to solve issue at hand, governments tried applying a variety solutions—mostly financing question. goal authors is understand current operation initiatives post-COVID-19, obtain clear view on marketing habits. Furthermore, analysis concentrates following: state family SMEs dealing foodstuffs, how create future members sector identifying best practices. Using data collected 2020 2021, employing descriptive statistics conjoint analysis, wished see affected SMEs, detect their policy due help them core business via consumer feedback. Authors found innovate 2021 beyond 2019 expectations, customers partially validated endeavors through answers.

Language: Английский

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How small printing firms alleviate impact of pandemic crisis? Identifying configurations of successful strategies with fuzzy-set qualitative comparative analysis

Entrepreneurial Business and Economics Review, Journal Year: 2022, Volume and Issue: 10(2), P. 61 - 80

Published: Jan. 1, 2022

Objective: The objective of this article is to identify strategies that can help small firms alleviate the negative impact Covid-19 crisis.We tested six (namely, entrepreneurial, market penetration, development, product diversification, and cooperation).In particular, we identified combinations these may lead performance during current pandemic crisis.Research Design & Methods: This a quantitative study uses fuzzy-set qualitative comparative analysis (fsQCA).We compared are specific for three conditions; namely, non-crisis, initial phase crisis, advanced crisis.The research sample consisted 150 printing enterprises operating across Poland.Findings: Our findings show firm crises differ from those non-crisis conditions.Specifically, presence diversification strategy together with absence market-penetration along market-development, product-development an increase in before crisis.During entrepreneurial or accompanied by performance.During set market-penetration, cooperation performance.The most common strategies; present under all conditions.Implications Recommendations: confirms role firm's strategy.This exposes necessity adapting changing conditions.In indicates which their enable crisis.These observations have meaningful managerial implications entrepreneurs regarding crisis possible future crises. Contribution Value Added:The contribute literature on response crisis.In mitigate crisis.This implemented fsQCA methodology mitigation crisis.

Language: Английский

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