Publication detail

What role the SEW factors play in family business distress? Czech evidence.

SRBOVÁ, P. KARAS, M. REŽŇÁKOVÁ, M.

Original Title

What role the SEW factors play in family business distress? Czech evidence.

Type

conference proceedings

Language

English

Original Abstract

The socioemotional wealth in the context of the family business has been intensively researched over the past two decades. In a sharp contrast to that, little has been said about its role in mitigating the financial distress risk. As the family owners have impact on capital structure and the capital structure is one of main drivers of financial distress, this relationship is potentially significant. We explore this issue on example Czech family business. Czech family businesses do not share the same history as family business from Western Europe as there were practically reborn in 1990`s and thus deserve a special attention. The preliminary results showed that the socioemotional factors are significantly related to the distress probability, however when typical financial variables are introduced to the model, the role of this factor remain significant as interaction term. The aim of this paper is to analyse the significance of socioemotional wealth factors in mitigating the distress of Czech family businesses.

Keywords

Czech Republic, family business, financial distress, non-financial factors, socioemotional wealth

Authors

SRBOVÁ, P.; KARAS, M.; REŽŇÁKOVÁ, M.

Released

25. 6. 2024

Publisher

Ifera Inc.

ISBN

979-12-210-6429-2

Book

FAMILY FIRMS: LEADING FOR IMPACT

Pages count

1

BibTex

@proceedings{BUT188894,
  editor="Pavla {Srbová} and Michal {Karas} and Mária {Režňáková}",
  title="What role the SEW factors play in family business distress? Czech evidence.",
  year="2024",
  pages="1",
  publisher="Ifera Inc.",
  isbn="979-12-210-6429-2"
}