Employee Compensation and Job Security in Family Firms: Evidence from the Czech Republic

Ondřej Machek

doi:10.5771/0949-6181-2017-3-362

Contents
- Chapter Expand | CollapseAuthorsPage
- 285–286 Titelei/Inhaltsverzeichnis 285–286
- 287–288 Editorial: Beyond Classical Rationalism — The Relevance of Soft Factors in Decision-Making and Management Consulting Dieter Wagner Dieter Wagner 287–288
- 289–420 Articles 289–420
  - 289–317 Social Responsibility in Bank Communication with Customers before the Economic Crisis – the case of Swiss franc loans in Hungary and Romania Mónika-Anetta Alt, Zsuzsa Săplăcan, József Berács Mónika-Anetta Alt, Zsuzsa Săplăcan, József Berács 289–317
  - 318–333 Intuition in managers’ decision-making: qualitative study Eva Ballová Mikušková Eva Ballová Mikušková 318–333
  - 334–361 Perception of job security – empirical evidence from Slovenia Tatjana Kozjek, Marko Ferjan, Anja Žnidaršič Tatjana Kozjek, Marko Ferjan, Anja Žnidaršič 334–361
  - 362–373 Employee Compensation and Job Security in Family Firms: Evidence from the Czech Republic Ondřej Machek Ondřej Machek 362–373
  - 374–396 The Role of Business Consulting in Creating Knowledge and Formulating a Strategy of Development in Polish Micro-Enterprises Wojciech Grabowski, Edward Stawasz Wojciech Grabowski, Edward Stawasz 374–396
  - 397–420 Success Factors of International New Ventures from an Economy in Transition Mirosław Jarosiński, Wioletta Mierzejewska Mirosław Jarosiński, Wioletta Mierzejewska 397–420
- 421–438 Research Notes 421–438
  - The Consequences of Client’s Organizations on Management Consulting: Analysis of Consulting Projects in Belarus – an Experience Report Volkmar Kreißig, Andreas Taffertshofer Volkmar Kreißig, Andreas Taffertshofer
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JEEMS Journal of East European Management Studies , page 362 - 373

Employee Compensation and Job Security in Family Firms: Evidence from the Czech Republic

Autoren

Ondřej Machek

DOI
- doi.org/10.5771/0949-6181-2017-3-362
- ISSN: 0949-6181
- ISSN online: 1862-0019
Abstract

In countries from the former Eastern Bloc, family businesses have only a short modern history due to the transition from a centrally-planned to a market economy in 1989. The goal of this article is to examine the differences in wages and job security in family and non-family firms. Using data from 695 Czech family and 4 095 non-family firms from the period of 2009-2013, we find that family firms pay lower average wages to their employees and exhibit a lower fluctuation of employees. Moreover, we found that the gender of CEO, profitability and age of firms have no effect on salaries or job stability. The findings are consistent with past research, and support the hypothesis that family firms adopt a position of low-pay and high job security, while non-family firms are in a position of high-pay and low job security.
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