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Analysis and Evaluation of the Economic State of the Family Business in Bulgaria

Author

Listed:
  • Anny Atanasova

    (SouthWest University of Neofit Rilski – Blagoevgrad)

  • Blagovesta Koyundzhiyska-Davidkova

    (SouthWest University of Neofit Rilski – Blagoevgrad)

Abstract

The purpose of this paper is to clarify some of the problems of the family business in Bulgaria and to make recommendations for their solution. Regarding to achieve the objective of the study has been conducted a survey of 48 large family companies over the country from September to December 2015. The study involves the use of statistical methods such as observation, average grade and comparison, grouping, analysis and synthesis, and methods for detecting the dynamics of the estimated financial and economic indicators of the considered family businesses. For the visualization of the research results are used tabular and graphical method. In this work the authors' efforts are directed to summarizing and systematization of financial-economic information on the reviewed companies from the family business. The following economic indicators are calculated: income, assets, equity and sales revenues. As an important economic factor, revealing the sustainability of the family business, is estimated the profitability of the explored enterprises. The results of this analysis allow to define some problems of family business in financial-economic aspect. The practice of family business and problems related to its functioning encourage the need for special attention to it. In support of this conclusion are the theoretical and practical formulation in the literature and the results of ongoing research into the family business, including in Bulgaria. So it is ascertained that the sustainability of this business should focus on some economic problems.

Suggested Citation

  • Anny Atanasova & Blagovesta Koyundzhiyska-Davidkova, 2016. "Analysis and Evaluation of the Economic State of the Family Business in Bulgaria," International Conference on Marketing and Business Development Journal, The Bucharest University of Economic Studies, vol. 2(1), pages 91-99, July.
    • Handle: RePEc:aes:icmbdj:v:2:y:2016:i:1:p:91-99
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    References listed on IDEAS

    as
    1. Sbe 9.2, 2014. "Studies in Business and Economics," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 9(2), pages 1-4, August.
    2. Sbe 9.3, 2014. "Studies in Business and Economics," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 9(3), pages 1-4, December.
    3. Sbe 9.1, 2014. "Studies in Business and Economics," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 9(1), pages 1-4, April.
    4. Raya Madgerova & Vyara Kyurova, 2014. "Definition, Characteristics And Problems Of Family Business," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 10(2), pages 97-105.
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    More about this item

    Keywords

    family business; financial-economic analysis; sustainable business development; economic indicators;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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