Family Business during Global Financial Crisis Cover Image

Firmy rodzinne w warunkach globalnego kryzysu finansowego
Family Business during Global Financial Crisis

Author(s): Anna Bąkiewicz
Subject(s): Supranational / Global Economy, Business Economy / Management, Micro-Economics, Financial Markets
Published by: Społeczna Akademia Nauk
Keywords: family business; global financial crisis

Summary/Abstract: The article aims at explaining some issues related to the activities of family business during economic slowdown. International experiences collected for the comparative analysis do not provide convincing evidence that family firms as such had better performance during financial crisis. What is evident instead is the special reaction on the crisis of the family businesses. More, the disclosure of the distinct character of the companies controlled by a family has been encouraged by the economic crisis. The conclusion is also that thanks to its special features family business can contribute significantly to the stabilisation of the business cycles.

  • Issue Year: 16/2015
  • Issue No: 7.2
  • Page Range: 287-301
  • Page Count: 15
  • Language: Polish