Przyczyny niekontynuowania działalności a specyfika spółek rodzinnych

Anna Białek-Jaworska, Aneta Maria Dzik-Walczak and Edyta Choromańska

Gospodarka Narodowa-The Polish Journal of Economics, 2025, vol. 2025, issue 1

Abstract: This article examines whether the unique characteristics of family businesses influence their risk of discontinuation. Given the economic uncertainty and rapid changes in recent years, gaining new insights into this issue is particularly valuable, especially considering the significant role of family companies in the economy. The study explores key theoretical and practical factors that contribute to the unique nature of family businesses. Using data from the Orbis database for 2013–2020, covering 785,057 enterprises, logit models were estimated to identify differences in the factors influencing the probability of business discontinuation. The findings reveal notable distinctions between family and non-family businesses, underscoring the need for a tailored approach to predicting the discontinuation of family-owned firms. Notably, the index of debt service capacity from working capital exhibited opposite trends in forecasting the liquidation of family businesses compared to their non-family counterparts.

Keywords: Financial; Economics (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:polgne:361253

DOI: 10.22004/ag.econ.361253

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