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001-es BibID:	BIBFORM078018
Első szerző:	Rózsa Andrea (közgazdász)
Cím:	Performance of leading family businesses in the group of emerging companies in Hungary / Rózsa Andrea, Németh Krisztina, Harsányi Gergely, Madarasiné Szirmai Andrea
Dátum:	2018
Megjegyzések:	The main purpose of the study is to analyze the significance of family businesses within the group of emerging companies.The research into the success factors, potential growth and internationalization of family businesses has recently come into the focus of international interest. This study analyses family businesses that have been admitted to Hungary's group of emerging companies in the past two years, on the basis of their official annual reports. The elements of the sample were taken from the specialized database of the Hungarian subsidiary of Bisnode, international data service company. On the one hand, we have studied if these businesses are able to produce risk premium over the risk-free rate (owner's excess earnings). On the other hand, we are examining what capital structure they use to manage their successful business. Is it possible to conclude that family businesses with high return on equity (and positive risk premium) accomplish their successes with safe (relatively low risk) capital structueóre? Or does it work vice versa: the majority of leading family businesses with high return on equity are characterized by risk exposure related to their capital structure (rate of indebtedness over 60% i.e. leverage over 1.5). Our studiey have been conducted in the past 3 years, in the time preiod of 2014-2016 , on the basis of publicity accessible and verifiable data of the annual report. In order to set the foundation for our analysis, we provide an overview on the major international literature focusing on the significance of family businesses, as well as the key Hungarian publications on this issue. For the selection of the sample and the justification of its relevance, we are providing an overview on Hungary's leading company rankings.The analyses are concluded via the statistical study of the time sequence data of financial indicators.
Tárgyszavak:	Társadalomtudományok Gazdálkodás- és szervezéstudományok idegen nyelvű folyóiratközlemény külföldi lapban family businesses equity risk premium capital structure
Megjelenés:	The Annals of the University of Oradea. Economic Sciences. - 27 : 1 (2018), p. 214-226. -
További szerzők:	Németh Krisztina Harsányi Gergely (1978-) (agrármérnök) Madarasiné Szirmai Andrea
Internet cím:	Szerző által megadott URL Intézményi repozitóriumban (DEA) tárolt változat
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