Successes and Failures of Family Business in Slovakia

Abstract

Family businesses are part of the world's economies, with an estimated 70-90% share of total performance. The history of family business in Slovakia is not continuous, so we can examine its level from the last 30 years of experience at most. The paper is focused on research of financial results of Slovak family enterprises, their confrontation with other types of enterprises, searching for trends in the level of their financial indicators and finally on the dependence between results and environment. In the research were used several methods, from which we can name mainly analysis, synthesis, comparison, mathematical-statistical methods. The obtained outputs are intended to identify strengths and weaknesses of family business in Slovakia.