Features of Financial and Economic Mechanism Development of Family Business Enterprises

Bohomolova, N.; Lysenkova, Maria

doi:10.32702/2307-2105-2019.7.7

Cited by 2 publications

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“…Джерело: згруповано авторами на основі джерел 12,13,14 та власних спостережень і висновків В світі простежується багато комбінацій участі родини у власності на засоби виробництва, а також у самому виробничому процесі та управлінні бізнесом (Паундер, 2015). Загалом підприємництво можна вважати сімейним, якщо у поведінці його учасників присутні хоча б однієї із таких особливих складових: наявність у бізнесі лідера, який і в колі родини користується авторитетом; патерналізм; альтруїзм; наступність поколінь.…”

Section: робота за чотирьох компонентною моделлюunclassified

Family Entrepreneurship: Economic Socialization, Behavioral Component, Ownership Factor and System-Synergetic Implementation Approach

Kraus,

Osetskyi

2023

Scientific bulletin of International Association of scientists.

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Introduction. The heart of the economy is entrepreneurial activity, and the foundation of a progressive society and the basis of a healthy nation is the institution of the traditional family as such. Therefore, it can be considered that for a family, the organization of its business case is a positive potential, as it strengthens both the socio-psychological and economic union. The article defines the most important principles of the formation of a family business. Features are characterized and objects of influence of the behavior of family members on the development of family entrepreneurship are determined. Obstacles faced by family business participants have been identified. The main features of family entrepreneurship in modern economic conditions are determined.Materials and methods. The goal of the article was achieved with the help of methods: system analysis, content analysis, methods of scientific generalization, induction and deduction. Scientific publications and analysis of international organizations in the relevant areas, normative legal acts, in particular work programs and documents of the European Commission, draft laws of Ukraine, scientific works of foreign and Ukrainian scientists were used.Results and discussion. The article argues that a significant problem in the practice of family business implementation remains the lack of definition of the terms "family entrepreneurship", "family enterprise", "family business" at the legislative level, which is, so to speak, a conflict and causes a number of obstacles in the development and popularization of family business in Ukraine. The authors identify the key factors influencing the development of family business, including institutional, financial and economic, infrastructural, and informational support for family business in the country; family values that are promoted and tolerated; emotional capital; striving for a highquality and dignified standard of living; authenticity and originality in the promotion of goods and services. This allowed the authors to analyze the existing models of running a family business in modern economic conditions and to identify the advantages and disadvantages of each of them. The article provides arguments in favor of the formation of the so-called family economy and this is evidenced by examples of family business of famous families in the world and implemented social projects supported by a family business in Ukraine.Conclusions. Family business is more resistant to crises of various kinds; he is flexible to innovations, as they are discussed in a private home atmosphere, maybe even over breakfast, and communication between family members is frank and straightforward; more effective A so-called fair and impartial employer is inherent in a family business, and the training of employees begins in kindergarten. It is also obvious that a family business differs from a joint-stock, partnership, public business by the presence of values that the company is proud of, because they make the family business a business enti...

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Section: робота за чотирьох компонентною моделлюunclassified

Family Entrepreneurship: Economic Socialization, Behavioral Component, Ownership Factor and System-Synergetic Implementation Approach

Kraus,

Osetskyi

2023

Scientific bulletin of International Association of scientists.

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World experience of family business taxation and prospects of its implementation in Ukraine

Naidenko¹

2021

Nauk. pr. NDFI

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Approaches to defining the essence of family businesses in foreign countries are considered and the main requirements for their creation are determined. It is determined that family business in foreign countries is mostly carried out in farming. The world family business is characterized by two features. First of all, the preservation of a huge number of small and medium enterprises created by family members. The second feature is the presence of huge family corporations and holdings with a world name and age history, which are inherited 3-6 times. Approaches to the regulation of family businesses in the Czech Republic, Hungary and Romania are analyzed. Foreign experience proves that family businesses can be created both in the form of commercial enterprises and in the form of a legal entity, which allows companies to choose the rules of their own activities; an automatic registration procedure is applied, which reduces time costs; the law defines the list of persons who may belong to family members; joint and several liability of family members under the terms of the contract is applied, which strengthens the liability of all family members for the results of activities; There is a distribution of profits depending on the amount of contributions of each family member, which creates the interest of all persons in increasing the profits of the enterprise. Draft legislative acts were considered, which provided for the introduction of family businesses taxation or regulation of their economic activities. The advantages and disadvantages of such bills are substantiated. The existing system of taxation of family farms within the single tax is analyzed (group 4). Recommendations on the possible introduction of family business taxation in Ukraine as part of the simplified taxation system are substantiated. The risks of applying family business taxation for the state and family businesses are highlighted.

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Features of Financial and Economic Mechanism Development of Family Business Enterprises

Cited by 2 publications

References 0 publications

Family Entrepreneurship: Economic Socialization, Behavioral Component, Ownership Factor and System-Synergetic Implementation Approach

Family Entrepreneurship: Economic Socialization, Behavioral Component, Ownership Factor and System-Synergetic Implementation Approach

World experience of family business taxation and prospects of its implementation in Ukraine

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