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EN
The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company). Authors: Izabela Koładkiewicz Title: BOARD OF DIRECTORS/SUPERVISORY BOARD IN FAMILY BUSINESS. FACTORS, WHICH DETERMINED THE BOARD PRESENCE AND THE PROCESS OF ITS PROFESSIONALIZATION (Rada dyrektorów/rada nadzorcza w firmie rodzinnej. Czynniki warunkujące jej powstanie i proces jej profesjonalizacji) Source: Prace i Materiały Wydziału Zarządzania Uniwersytetu Gdańskiego (The Papers and Reports of the Faculty of Management of Gdansk University) year: 2011, vol:.2, number: 1, pages: 259-276 Keywords: BOARD OF DIRECTORS, SUPERVISORY BOARD, FAMILY BUSINESS Discipline: ECONOMICS (Business & Management) Language: POLISH Document type: ARTICLE Publication order reference (Primary author’s office address): Izabela Koładkiewicz Dr, adiunkt, Centrum Studiów Zarządzania, Akademia Leona Koźmińskiego E-mail: izabela@alk.edu.pl www: http://pim.wzr.ug.edu.pl/pim/?htm=2011_2_1_19.htm Abstract The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company). Authors: Izabela Koładkiewicz Title: BOARD OF DIRECTORS/SUPERVISORY BOARD IN FAMILY BUSINESS. FACTORS, WHICH DETERMINED THE BOARD PRESENCE AND THE PROCESS OF ITS PROFESSIONALIZATION (Rada dyrektorów/rada nadzorcza w firmie rodzinnej. Czynniki warunkujące jej powstanie i proces jej profesjonalizacji) Source: Prace i Materiały Wydziału Zarządzania Uniwersytetu Gdańskiego (The Papers and Reports of the Faculty of Management of Gdansk University) year: 2011, vol:.2, number: 1, pages: 259-276 Keywords: BOARD OF DIRECTORS, SUPERVISORY BOARD, FAMILY BUSINESS Discipline: ECONOMICS (Business & Management) Language: POLISH Document type: ARTICLE Publication order reference (Primary author’s office address): Izabela Koładkiewicz Dr, adiunkt, Centrum Studiów Zarządzania, Akademia Leona Koźmińskiego E-mail: izabela@alk.edu.pl www: http://pim.wzr.ug.edu.pl/pim/?htm=2011_2_1_19.htm Abstract The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company). Authors: Izabela Koładkiewicz Title: BOARD OF DIRECTORS/SUPERVISORY BOARD IN FAMILY BUSINESS. FACTORS, WHICH DETERMINED THE BOARD PRESENCE AND THE PROCESS OF ITS PROFESSIONALIZATION (Rada dyrektorów/rada nadzorcza w firmie rodzinnej. Czynniki warunkujące jej powstanie i proces jej profesjonalizacji) Source: Prace i Materiały Wydziału Zarządzania Uniwersytetu Gdańskiego (The Papers and Reports of the Faculty of Management of Gdansk University) year: 2011, vol:.2, number: 1, pages: 259-276 Keywords: BOARD OF DIRECTORS, SUPERVISORY BOARD, FAMILY BUSINESS Discipline: ECONOMICS (Business & Management) Language: POLISH Document type: ARTICLE Publication order reference (Primary author’s office address): Izabela Koładkiewicz Dr, adiunkt, Centrum Studiów Zarządzania, Akademia Leona Koźmińskiego E-mail: izabela@alk.edu.pl www: http://pim.wzr.ug.edu.pl/pim/?htm=2011_2_1_19.htm Abstract The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company). Authors: Izabela Koładkiewicz Title: BOARD OF DIRECTORS/SUPERVISORY BOARD IN FAMILY BUSINESS. FACTORS, WHICH DETERMINED THE BOARD PRESENCE AND THE PROCESS OF ITS PROFESSIONALIZATION (Rada dyrektorów/rada nadzorcza w firmie rodzinnej. Czynniki warunkujące jej powstanie i proces jej profesjonalizacji) Source: Prace i Materiały Wydziału Zarządzania Uniwersytetu Gdańskiego (The Papers and Reports of the Faculty of Management of Gdansk University) year: 2011, vol:.2, number: 1, pages: 259-276 Keywords: BOARD OF DIRECTORS, SUPERVISORY BOARD, FAMILY BUSINESS Discipline: ECONOMICS (Business & Management) Language: POLISH Document type: ARTICLE Publication order reference (Primary author’s office address): Izabela Koładkiewicz Dr, adiunkt, Centrum Studiów Zarządzania, Akademia Leona Koźmińskiego E-mail: izabela@alk.edu.pl www: http://pim.wzr.ug.edu.pl/pim/?htm=2011_2_1_19.htm Abstract The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company).
EN
The purpose of the article was to identify success factors of small family businesses and to answer the question whether the functioning of a family business differs significantly from the functioning of a non-family one. Theoretical deliberations on the sources of success of small entities were confronted with the results of the survey conducted among 103 small enterprises from the Podlaskie Province. The conclusions from the analysis of the collected research material highlight the characteristics of family business against non family ones of similar size and business profile.
EN
Family businesses are generally considered to be different from nonfamily firms. Couple-run companies represent a subset of family business but are often excluded from comparative analyses since they lack one of the basic attributes of family businesses – the intention for succession. The goal of this study is to explore the financial differences between copreneurial firms and other firms where spousal relationships are not involved. We tested the differences between couple-run and non-couple-run companies using the matched-pair investigation. The sample was composed of 130 pairs of companies from the period 2007 – 2012. We used the Student’s t-test to explore the differences in profitability, labour productivity and level of debt, liquidity, and asset management. While copreneurial companies seemed to perform better in terms of operating efficiency (profit margin), they performed worse in terms of labour productivity and asset use efficiency (asset turnover), carried less debt and were comfortable with a lower liquidity.
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