Family business financing barriers analysis of the Łódź region companies Cover Image

Bariery finansowania firm rodzinnych na przykładzie przedsiębiorstw regionu łódzkiego
Family business financing barriers analysis of the Łódź region companies

Author(s): Jakub Marszałek, Dorota Starzyńska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: family business; capital structure; Łódź region;

Summary/Abstract: One of the family business features is their unique ownership structure. However, the necessity of the equity ownership control may significantly limit possible capital sources. The goal of the article is to identify the connections between family business chosen financing strategies and barriers of capital availability. Using the questionnaire research of companies from the Łódź region we have established that the cost of capital and its availability in time are the most important family business financing barriers. The research confirmed debt aversion typical of many family business companies. The necessity of the equity ownership control was also identified as a barrier of development, but it did not seem really important for the analyzed companies.

  • Issue Year: 2012
  • Issue No: 271
  • Page Range: 327-335
  • Page Count: 9
  • Language: Polish