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Family Business as Source of Municipality Development in the Czech Republic

Author

Listed:
  • Petra Rydvalová

    (Technical University of Liberec)

  • Eva Karhanová Horynová

    (Technical University of Liberec)

  • Magdalena Zbránková

    (Technical University of Liberec)

Abstract

The article is focused on the family businesses in the Czech Republic. The main aim is to answer the question of whether the family entrepreneurship can be seen as an instrument of municipality development. First, the term family entrepreneurship based on foreign and domestic sources is defined. The sources are complemented by a legal viewpoint under the new Civil Code of the Czech Republic. Furthermore, a regional definition of a municipality and the country is specified. Then, a result of the research investigation focused on the link between the family entrepreneurship and economic development of communities is presented. Finally, the next steps of the team at the Faculty of Economics, Technical University of Liberec in the given area are unveiled. The novel idea is to use such a tool that allows its residents to find the meaning of life in the country and accept a certain level of inequality associated with it. Just at this moment, regional disparities can be removed and support for the development of rural areas can be successfully implemented. Also, family businesses can be a source of developing business environment, especially in small municipalities in rural areas.

Suggested Citation

  • Petra Rydvalová & Eva Karhanová Horynová & Magdalena Zbránková, 2016. "Family Business as Source of Municipality Development in the Czech Republic," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(41), pages 168-168, February.
    • Handle: RePEc:aes:amfeco:v:41:y:2016:i:18:p:168
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    Cited by:

    1. Joanna SADKOWSKA, 2016. "The Difficulty in Following Project Schedule as a Key Project Management Challenge: Family Firm Perspective," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 1(2), pages 136-147, December.

    More about this item

    Keywords

    family business; entrepreneurship; business environment; municipality in a wider area; evaluating indicators; factors of development; balanced socio-economic development;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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