The Family Influence on Business: Czech Family Companies

Research background: Family businesses represent a combination of family and business aspects. Typically, is the majority owner its members are top managers firm. The company name often contains names members, i.e. they publicly known. thereby gains recognition through operations firm, such as socially responsible practices, may also be considered good employer. These aspects constitute socioemotional wealth (SEW). owners consider SEW to greater importance than typical corporate management, this reason for lower profitability businesses. purpose article: aim article describe selected factors influencing verify their significance on data Czech companies. Methods: research was based qualitative quantitative obtained by questionnaire survey. Descriptive statistical methods were used analyse formulated assumptions. Findings & Value added: Most companies run first or second generation owners. Since control influence extremely important, do not typically entry non-family investors into ownership structure. assumption that have low level indebtedness confirmed. consists one family, which usually keeps 100% share. has at least member in management. founder father. prefers transfer members; firstly then ownership.