Determination of Competitive Management Perception in Family Business Leaders Using Data Mining

Bedoya, Ángel Rodrigo Vélez; Mendoza-Saboyá, Liliana Adriana; Luna-Eraso, Jenny Lorena

doi:10.1007/978-3-030-71115-3_19

Cited by 1 publication

(2 citation statements)

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“…Hungary has undergone significant economic and political changes in recent decades (Toplišek, 2020): a continuous transition from a centrally planned economy to a market-oriented economy, privatisation, deregulation, liberalisation of the business environment and the country's accession to the European Union in 2004 (Nölke and Vliegenthart, 2009;Sallai and Schnyder, 2018). The understanding of the specific strengths and weaknesses of Hungarian FOBs can help policymakers design business development and support schemes, entrepreneurs to prepare Hungarian strategies for success within Hungary's dynamically evolving business environment amidst continuous and significant economic and political change.…”

Section: Discussionmentioning

confidence: 99%

“…A general comparison of the competitiveness of FOBs and NFOBs would be essential to identify the key differences between the two groups, hence previous studies have mainly focused on the competitiveness of FOBs only (e.g. Leenders and Waarts, 2003; Moreno-Gómez and Lafuente, 2019; Vélez-Bedoya et al , 2021). On the other hand, these studies mostly examined listed companies as their archival financial data are accessible (Poza and Daugherty, 2014; Carney et al , 2015).…”

Section: Introductionmentioning

confidence: 99%

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The comparison of RBV-based competitiveness of Hungarian family-owned and non-family-owned SMEs

Varga,

Sipos,

Rideg

et al. 2024

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Purpose The purpose of this paper is to identify the differences between Hungarian family-owned businesses (FOBs) and non-family-owned businesses (NFOBs) concerning the elements of SME competitiveness and financial performance. Design/methodology/approach The research covers the Hungarian data set of the Global Competitiveness Project (GCP, www.sme-gcp.org) of 738 (data collection between 2018 and 2020) non-listed SMEs, of which 328 were FOBs. The study uses the comprehensive, multidimensional competitiveness measurement of the GCP built on the resource-based view (RBV) and the configuration theory. Financial performance was captured with two composite indicators: short-term and long-term financial performance (LTFP). The comparative analysis between FOBs and NFOBs was conducted using binary logistic regression. Findings The results show that FOBs are more prone to focusing on local niche markets with higher longevity and LTFP than NFOBs. However, FOBs have lower innovation intensity and less organised administrative procedures. The most contradicting finding is that the FOBs’ higher LTFP is accompanied by significantly lower competitiveness than in the case of NFOBs. Originality/value This study goes beyond other GCP studies by including composite financial performance measures among the variables examined. The combination of performance-causing (resources and capabilities) and performance-representing (financial performance) variables provides a better understanding of the non-listed SMEs in terms of family ownership. The results help academia to enrich the RBV-competitiveness, the non-listed SME management and finance literature, and policymakers to design business development and support schemes. They also show future entrepreneurs the impact of family ownership on entrepreneurial success.

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Section: Discussionmentioning

confidence: 99%