Academia
Diploma thesis 2020Accountingfamily businesses · EBIT margin · EBITDA margin

Differences and Similarities Between Employees in Family and Other Businesses and the Financial Aspect

Based on a study of existing literature and sources, they delved into the background of the mentioned types of business entities on the topic of differences and similarities between employees in family and other businesses.

Tina NamestnikEkonomist · module Računovodstvo · supervisor mag. Dejan Petkovič
In brief

The project in five facts.

AuthorTina Namestnik
Supervisormag. Dejan Petkovič
ModuleAccountingEkonomist
Employer / clientAcademia
Year2020
About the project

Challenge, approach and results.

Based on a study of existing literature and sources, they delved into the background of the mentioned types of business entities on the topic of differences and similarities between employees in family and other businesses. On the basis of financial data available on the websites of the Agency of the Republic of Slovenia for Public Legal Records and Related Services, and their own questionnaire, they analysed their structure, operation and performance.

Problem

Based on a study of existing literature and sources, they delved into the background of the mentioned types of business entities on the topic of differences and similarities between employees in family and other businesses.

Solution and Method

On the basis of financial data available on the websites of the Agency of the Republic of Slovenia for Public Legal Records and Related Services, and their own questionnaire, they analysed their structure, operation and performance. The diploma thesis is divided into two parts, namely the first, theoretical part, in which they devoted attention to the characteristics of both family and non-family businesses and defined the concept of a family business. These nowadays represent an important part not only of the Slovenian but also of the global economy, and are equally important creators of jobs in the regions in which they are located.

When reviewing their operation, they devoted attention to the very management of this type of business, the difficulties in transferring ownership to the next generation, and also touched upon start-up entrepreneurship, which nowadays is considered one of the most promising forms of entrepreneurship. Furthermore, they drew parallels with non-family businesses and presented both the similarities and differences between the two types of business. They also devoted attention to the ** importance of financing, ** remuneration and ** relationships** in family businesses.

The importance of interpersonal relationships in the workplace thus represents one of the central areas of research in the diploma thesis, as these contribute to the successful or unsuccessful operation of a business, whether family or non-family. In the second part follows the subject of analysis of the diploma thesis and presents ten Slovenian businesses, five family and five non-family, which were selected for the research and which distributed the prepared questionnaire among their employees. They devoted attention to carrying out the calculation of the equity ratio, the long-term capital ratio, the EBITDA margin and the EBIT margin for each of the ten participating businesses.

With the questionnaire, they attempted to obtain from employees in these businesses data on the perception of the company in which they are employed, remuneration for their contribution and performance at work, and possible causes of dissatisfaction when operating within a particular type of business. The diploma thesis was produced on the basis of a study of current and relevant domestic and foreign literature and by collecting sources and documentation available both publicly and those received from the respective businesses that participated in the preparation of this diploma thesis.

The collected data were appropriately organised using the descriptive and comparative research method.

Srečanje v družinskem podjetju, sodelavci za mizo
Diploma thesis

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Module Računovodstvo

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