Competitiveness of family owned enterprises - Evidence from Hungarian firms

Horn, Péter (2020) Competitiveness of family owned enterprises - Evidence from Hungarian firms. Outstanding Student Paper, BCE, Vállalkozás szekció. Szabadon elérhető változat: http://publikaciok.lib.uni-corvinus.hu/publikus/tdk/horn_p_2020.pdf

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Free and unrestricted access: http://publikaciok.lib.uni-corvinus.hu/publikus/tdk/horn_p_2020.pdf

Abstract

Using a survey-based dataset by the Competitiveness Research Centre (CRC) this study attempts to compare the competitiveness of family and non-family enterprises and tries to investigate how the lack of innovation and the ill-preparedness for digital transformation affect the differences in competitiveness. First, OLS regression models are used on the whole dataset, then, using propensity score matching the same models are applied on the matched data. The results indicate that while innovation and digitalization significantly affect the competitiveness of family businesses, the ownership-based differences disappear when regressed on the matched data. According to the results of this paper, Hungarian policy makers should promote R&D activities, help firms to prepare for the challenges of the digital economy and allocate additional resources to sectors and regions that perform poorly to address competitiveness related problems.

Item Type:Outstanding Student Paper
Notes:3. díj
Subjects:Management, business policy
ID Code:13184
Deposited On:26 Nov 2020 09:07
Last Modified:26 Nov 2020 09:07

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