J 2021

Using stewardship and agency theory to explore key performance indicators of family businesses

KOWALA, Radek a Jarmila DUHÁČEK ŠEBESTOVÁ

Základní údaje

Originální název

Using stewardship and agency theory to explore key performance indicators of family businesses

Autoři

KOWALA, Radek (203 Česká republika, garant, domácí) a Jarmila DUHÁČEK ŠEBESTOVÁ (203 Česká republika, domácí)

Vydání

Forum Scientiae Oeconomia, Dąbrowa Górnicza, Poland, Wydawnictwo Naukowe Akademii WSB, 2021, 2300-5947

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50204 Business and management

Stát vydavatele

Polsko

Utajení

není předmětem státního či obchodního tajemství

Odkazy

Kód RIV

RIV/47813059:19520/21:A0000259

Organizační jednotka

Obchodně podnikatelská fakulta v Karviné

DOI

Klíčová slova anglicky

KPI ; dashboards ; family business ; stewardship

Příznaky

Mezinárodní význam, Recenzováno
Změněno: 12. 4. 2022 21:29, Miroslava Snopková

Anotace

V originále

hroughout the life cycle in business, family businesses face significant management challenges, one of which is looking for a successor in the next generation or passing on management to managers. If an entrepreneur decides to hire an external manager, he has two options: stewardship or agency theory. The purpose of this article is to evaluate how the use of stewardship theory and agency theory could improve the use of key performance indicators in a family business. The proposals are based on a field survey of 323 business owners conducted in 2020, when the dominance of the stewardship theory was confirmed. Cluster analysis was used to identify factors, with the basic premise being to reinvest profits and identify common characteristics. In addition, a checklist of seven key performance indicators with weighting score lists was provided for evaluation. The most important areas were revealed to be the logistics system (43.89%), current assets related to liquidity (15.33%), and cost management (9.54%).