Analysis of Innovation Activities of Slovak Small and Medium-Sized Family Businesses
Family businesses began to emerge in Slovakia after the change of social establishment in 1989, and since then they represent a significant group of business entities with a significant contribution to the economy, and have significant growth potential. Innovations have become a driving force for th...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-10-01
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| Series: | Administrative Sciences |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2076-3387/10/4/80 |
| _version_ | 1827704384031555584 |
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| author | Marta Urbaníková Michaela Štubňová Viera Papcunová Jarmila Hudáková |
| author_facet | Marta Urbaníková Michaela Štubňová Viera Papcunová Jarmila Hudáková |
| author_sort | Marta Urbaníková |
| collection | DOAJ |
| description | Family businesses began to emerge in Slovakia after the change of social establishment in 1989, and since then they represent a significant group of business entities with a significant contribution to the economy, and have significant growth potential. Innovations have become a driving force for the future opportunities of these companies. Based on empirical research, this paper aims to identify the innovation activities of small and medium-sized family businesses in Slovakia and to determine their impact on the company’s economic results. We can state that out of small and medium-sized family businesses included in the survey, 76.5% have implemented innovations in the last five years. We use statistical tests to verify the research hypotheses. We can state that there is a statistically significant relationship between the size of the company and the number of types of introduced innovations, as well as between the generation running the company and the number of types of introduced innovations. Second-generation family businesses can, therefore, be considered more innovative than first-generation family businesses. We investigate the impact of the COVID-19 coronavirus pandemic on innovation activities in these companies. It is interesting that in 30.6% of family businesses the COVID-19 coronavirus pandemic positively affected their innovation activities. |
| first_indexed | 2024-03-10T15:38:55Z |
| format | Article |
| id | doaj.art-d416918cef314594b1b4acf4959aa1df |
| institution | Directory Open Access Journal |
| issn | 2076-3387 |
| language | English |
| last_indexed | 2024-03-10T15:38:55Z |
| publishDate | 2020-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Administrative Sciences |
| spelling | doaj.art-d416918cef314594b1b4acf4959aa1df2023-11-20T17:00:45ZengMDPI AGAdministrative Sciences2076-33872020-10-011048010.3390/admsci10040080Analysis of Innovation Activities of Slovak Small and Medium-Sized Family BusinessesMarta Urbaníková0Michaela Štubňová1Viera Papcunová2Jarmila Hudáková3Institute of Economics and Management, Faculty of Natural Sciences, Constantine the Philosopher University in Nitra, 949 74 Nitra, SlovakiaInstitute of Economics and Management, Faculty of Natural Sciences, Constantine the Philosopher University in Nitra, 949 74 Nitra, SlovakiaInstitute of Economics and Management, Faculty of Natural Sciences, Constantine the Philosopher University in Nitra, 949 74 Nitra, SlovakiaInstitute of Economics and Management, Faculty of Natural Sciences, Constantine the Philosopher University in Nitra, 949 74 Nitra, SlovakiaFamily businesses began to emerge in Slovakia after the change of social establishment in 1989, and since then they represent a significant group of business entities with a significant contribution to the economy, and have significant growth potential. Innovations have become a driving force for the future opportunities of these companies. Based on empirical research, this paper aims to identify the innovation activities of small and medium-sized family businesses in Slovakia and to determine their impact on the company’s economic results. We can state that out of small and medium-sized family businesses included in the survey, 76.5% have implemented innovations in the last five years. We use statistical tests to verify the research hypotheses. We can state that there is a statistically significant relationship between the size of the company and the number of types of introduced innovations, as well as between the generation running the company and the number of types of introduced innovations. Second-generation family businesses can, therefore, be considered more innovative than first-generation family businesses. We investigate the impact of the COVID-19 coronavirus pandemic on innovation activities in these companies. It is interesting that in 30.6% of family businesses the COVID-19 coronavirus pandemic positively affected their innovation activities.https://www.mdpi.com/2076-3387/10/4/80family businessesinnovationsCOVID-19 coronavirus pandemic |
| spellingShingle | Marta Urbaníková Michaela Štubňová Viera Papcunová Jarmila Hudáková Analysis of Innovation Activities of Slovak Small and Medium-Sized Family Businesses Administrative Sciences family businesses innovations COVID-19 coronavirus pandemic |
| title | Analysis of Innovation Activities of Slovak Small and Medium-Sized Family Businesses |
| title_full | Analysis of Innovation Activities of Slovak Small and Medium-Sized Family Businesses |
| title_fullStr | Analysis of Innovation Activities of Slovak Small and Medium-Sized Family Businesses |
| title_full_unstemmed | Analysis of Innovation Activities of Slovak Small and Medium-Sized Family Businesses |
| title_short | Analysis of Innovation Activities of Slovak Small and Medium-Sized Family Businesses |
| title_sort | analysis of innovation activities of slovak small and medium sized family businesses |
| topic | family businesses innovations COVID-19 coronavirus pandemic |
| url | https://www.mdpi.com/2076-3387/10/4/80 |
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