Skip to main content
SpringerLink
Log in

Management Practices in Bulgarian Family and Non-family SMEs: Exploring “Real” Differences

  • Chapter
Family Businesses in Transition Economies

  • 1266 Accesses

Abstract

Family businesses constitute an important part of the economies in Central and Eastern Europe. However, there is a lack of understanding about differences between family and non-family businesses in this context. This study investigates differences in management practices between Bulgarian family and non-family SMEs. To detect real rather than sample differences we apply multivariate statistical techniques that controls for the effects of a number of contextual variables as recommended by Jorissen et al. (Family Business Review 18(3):229–246, 2005). The chapter ends with discussion of the empirical findings and research and practical implications.

University of Surrey, Marie-Curie Fellowship, FP7-2012, GA No. 327405.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
eBook
USD 16.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    http://www.fbn-bulgaria.org/bg/news/59/17/nad-42-ot-kompaniite-v-blgariya-sa-familni, Accessed: 20.01.2012.

References

  • Aronoff, C. E., & Ward, J. L. (1997). Preparing your family business for strategic change (Family business leadership series, Vol. 9). Marietta, GA: Business Owner Resources.

    Google Scholar 

  • Austrian Institute for SME Research. (2008). Overview of family business relevant issues. Final report, Vienna.

    Google Scholar 

  • Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17, 99–120.

    Google Scholar 

  • Beekhuyzen, J., Hellens, L., & Siedle, M. (2005). Cultural barriers in the adoption of emerging technologies. In Proceedings of HCI International 2005.

    Google Scholar 

  • Beheshti, H. M., & Lollar, J. G. (2003). An empirical study of US SMEs using TQM. TQM and Business Excellence, 14(8), 839–847.

    Google Scholar 

  • Bertolini, M., Rizzi, A., & Bevilacqua, M. (2007). An alternative approach to HACCP system implementation. Journal of Food Engineering, 79(4), 1322–1328.

    Google Scholar 

  • Block, J. H. (2012). R&D investments in family and founder firms: An agency perspective. Journal of Business Venturing, 27, 248–265.

    Google Scholar 

  • Block, J., Miller, D., Jaskiewicz, P., & Spiegel, F. (2013). Economic and technological importance of innovations in large family and founder firms: An analysis of patent data. Family Business Review, 26, 180–199.

    Google Scholar 

  • Buhalis, D., & Law, R. (2008). Progress in information technology and tourism management: 20 years on and 10 years after the internet—The state of the eTourism research. Tourism Management, 29(4), 609–623.

    Google Scholar 

  • Carney, M. (2005). Corporate governance and competitive advantage in family-controlled firms. Entrepreneurship Theory and Practice, 29(3), 249–265.

    Google Scholar 

  • Chaganti, R., & Schneer, J. (1994). A study of the impact of owner’s mode of entry on venture performance and management patterns. Journal of Business Venturing, 9, 243–246.

    Google Scholar 

  • Chen, H. L., & Hsu, W. T. (2009). Family ownership, board independence, and R&D investment. Family Business Review, 22, 347–362.

    Google Scholar 

  • Chin, C. L., Chen, Y. J., Kleinman, G., & Lee, P. (2009). Corporate ownership structure and innovation: Evidence from Taiwan’s electronics industry. Journal of Accounting Auditing Finance, 24(1), 145–175.

    Google Scholar 

  • Chittenden, F., Hall, G., & Hutchinson, P. (1996). Small firm growth, access to capital markets and financial structure: Review of issues and an empirical investigation. Small Business Economics, 8(1), 59–67.

    Google Scholar 

  • Chrisman, J. J., Chua, J. H., & Litz, R. (2003). Discussion: A unified systems perspective of family firm performance: An extension and integration. Journal of Business Venturing, 18, 467–472.

    Google Scholar 

  • Chrisman, J. J., Chua, J. H., & Sharma, P. (2005). Trends and directions in the development of a strategic management theory of the family firm. Entrepreneurship Theory and Practice, 29(5), 555–575.

    Google Scholar 

  • Chrisman, J. J., & Patel, P. (2012). Variations in R&D investments of family and non-family firms: Behavioral agency and myopic loss aversion perspectives. Academy of Management Journal, 55, 976–997.

    Google Scholar 

  • Chua, J. H., Chrisman, J. J., & Sharma, P. (1999). Defining the family business by behavior. Entrepreneurship Theory and Practice, 23, 19–39.

    Google Scholar 

  • Chua, J., Chrisman, J., & Steier, L. (2003). Extending the theoretical horizons of family business research. Entrepreneurship Theory and Practice, 27(4), 331–338.

    Google Scholar 

  • Churchill, N. C., & Hatten, K. J. (1987). Non-market based transfers of wealth and power. A research framework for family business. American Journal of Small Business, 11(3), 51–64.

    Google Scholar 

  • Classen, N., Carree, M., Van Gils, A., & Peters, B. (2013). Innovation in family and non-family SMEs: An exploratory analysis. Small Business Economics. doi:10.1007/s11187-0139490-z. Advance online publication.

    Google Scholar 

  • Classen, N., Van Gils, A., Bammens, Y., & Carree, M. (2012). Accessing resources from innovation partners: The search breadth of family SMEs. Journal of Small Business Management, 50, 191–215.

    Google Scholar 

  • Coleman, S., & Carsky, M. (1999). Sources of capital for small family-owned businesses: Evidence from the national survey of small business finances. Family Business Review, 12(1), 73–85.

    Google Scholar 

  • Cromie, S., Stephenson, B., & Monteith, D. (1995). The management of family firms: An empirical investigation. International Small Business Journal, 13(4), 11–34.

    Google Scholar 

  • Czarnitzki, D., & Kraft, K. (2009). Capital control, debt financing and innovative activity. Journal of Economic Behavior and Organization, 71, 372–383.

    Google Scholar 

  • Daily, C. M., & Dollinger, M. J. (1992). An empirical examination of ownership structure in family managed and professionally managed firms. Family Business Review, 5(2), 117–136.

    Google Scholar 

  • Daily, C., & Dollinger, M. (1993). Alternative methodologies for identifying family- versus non-family-managed businesses. Journal of Small Business Management, 31, 79–90.

    Google Scholar 

  • Daily, C. M., & Thompson, S. S. (1994). Ownership structure, strategic posture and firm growth: An empirical examination. Family Business Review, 7, 237–249.

    Google Scholar 

  • Dana, L. P. (1999). Bulgaria at the crossroads of entrepreneurship. Journal of Euromarketing, 8(4), 27–50.

    Google Scholar 

  • Dana, L. P., & Dana, T. (2003). Management and enterprise development in post-communist economies. International Journal of Management and Enterprise Development, 1(1), 45–54.

    Google Scholar 

  • Davidkov, T., & Yordanova, D. (2013). The effect of entrepreneurial orientation on performance in Bulgarian enterprises: An empirical investigation. Annuare de l’Universite de Sofia “St. Kliment Ohridski”, Faculte des Sciences Economiques et de Gestion, 11, 113–124.

    Google Scholar 

  • Davis, P. S., & Harveston, P. D. (1998). The influence of family on the family business succession process: A multi-generational perspective. Entrepreneurship Theory and Practice, 22(3), 31–53.

    Google Scholar 

  • de Lema, D. G. P., & Duréndez, A. (2007). Managerial behaviour of small and medium-sized family businesses: An empirical study. International Journal of Entrepreneurial Behaviour and Research, 13(3), 151–172.

    Google Scholar 

  • De Massis, A., Frattini, F., & Lichtenthaler, U. (2012). Research on technological innovation in family firms: Present debates and future directions. Family Business Review, 26(1), 10–31

    Google Scholar 

  • De Massis, A., Frattini, F., Pizzurno, E., & Cassia, L. (2013). Product innovation in family versus nonfamily firms: An exploratory analysis. Journal of Small Business Management. [Online] Wiley Online Library. Available from: http://onlinelibrary.wiley.com/doi/10.1111/jsbm.12068. Accessed 24 Feb 2014.

  • De Massis, A., Frattini, F., & Lichtenthaler, U. (2013). Research on technological innovation in family firms present debates and future directions. Family Business Review, 26(1), 10–31

    Google Scholar 

  • Distelberg, B., & Sorenson, R. L. (2009). Updating systems concepts in family businesses: A focus on values, resource flows, and adaptability. Family Business Review, 22(1), 65–81.

    Google Scholar 

  • Donckels, R., & Fröhlich, E. (1991). Are family businesses really different? European experiences from STRATOS. Family Business Review, 4(2), 149–160.

    Google Scholar 

  • Donckels, R., & Lambrecht, J. (1999). The re-emergence of family-based enterprises in east central Europe: What can be learned from family business research in the western world? Family Business Review, 12(2), 171–188.

    Google Scholar 

  • Duh, M., Tominc, P., & Rebernik, M. (2009). Growth ambitions and succession solutions in family businesses. Journal of Small Business and Enterprise Development, 16(2), 256–269.

    Google Scholar 

  • Eurostat. (2012). Europe in figures. Eurostat yearbook 2012. Luxembourg: Publications Office of the European Union.

    Google Scholar 

  • Fernández, Z., & Nieto, M. J. (2005). Internationalization strategy of small and medium-sized family businesses: Some influential factors. Family Business Review, 18(1), 77–89.

    Google Scholar 

  • Fiegener, M., Brown, B., Prince, R., & File, M. (1996). Passing on strategic vision: Preferred modes of successor preparation by CEOs of family and non-family businesses. Journal of Small Business Management, 34(3), 15–26.

    Google Scholar 

  • Gallo, M. A. (1995). The role of family business and its distinctive characteristic behavior in industrial activity. Family Business Review, 8(2), 83–97.

    Google Scholar 

  • Gallo, M. A., & Pont, C. G. (1996). Important factors in family business internationalization. Family Business Review, 9(1), 45–59.

    Google Scholar 

  • Gallo, M., Tapies, J., & Cappuyns, K. (2004). Comparison of family and nonfamily business: Financial logic and personal preferences. Family Business Review, 17, 303–318.

    Google Scholar 

  • Gersick, K. E., Davis, J. A., Hampton, M., & Lansberg, I. (1997). Generation to generation: Life cycles of the family business. Boston: Harvard Business School Press.

    Google Scholar 

  • Graves, C., & Thomas, I. (2006). Internationalization of Australian family businesses: A managerial capabilities perspective. Family Business Review, 19(3), 207–224.

    Google Scholar 

  • Greene, W. (1997). Econometric analysis. London: Prentice-Hall International.

    Google Scholar 

  • Gudmundson, D., Hartman, E. A., & Tower, C. B. (1999). Strategic orientation: Differences between family and nonfamily firms. Family Business Review, 12(1), 27–39.

    Google Scholar 

  • Habbershon, T. G., & Williams, M. L. (1999). Resource-based framework for assessing the strategic advantages of family firms. Family Business Review, 12, 1–15.

    Google Scholar 

  • Habbershon, T. G., Williams, M. L., & MacMillan, I. C. (2003). A unified systems perspective of family firm performance. Journal of Business Venturing, 18, 451–465.

    Google Scholar 

  • Hair, F. J., Anderson, E. R., Tathan, L. R., & Black, C. (1998). Multivariate data analysis (5th ed.). Upper Saddle River, NJ: Prentice Hall.

    Google Scholar 

  • Handler, W. C. (1989). Methodological issues and considerations in studying family businesses. Family Business Review, 2(3), 257–276.

    Google Scholar 

  • Hendricks, K. B., & Singhal, V. R. (2000). The impact of total quality management (TQM) on financial performance: Evidence from quality award winners. Ontario and Atlanta. Accessed September 20, 2006, from www.comatech.be/nl/uk/artic1es.php-l0k

  • James, H. S. (1999). What can the family contribute to business? Examining contractual relationships. Family Business Review, 12(1), 61–71.

    Google Scholar 

  • Jorissen, A., Laveren, E., Martens, R., & Reheul, A. (2005). Real versus sample-based differences in comparative family business research. Family Business Review, 18(3), 229–246.

    Google Scholar 

  • Kalleberg, A. L., & Leicht, K. T. (1991). Gender and organizational performance: Determinants of small business survival and success. Academy of Management Journal, 34(1), 136–161.

    Google Scholar 

  • Kets de Vries, M. F. (1994). The dynamics of family controlled firms: The good and the bad news. Organizational Dynamics, 21(3), 59–71.

    Google Scholar 

  • Khan, T. R. (2012). Family businesses that produce counterfeits: What is stopping them from creating their own brand? Procedia Economics and Finance, 4, 304–311.

    Google Scholar 

  • König, A., Kammerlander, N., & Enders, A. (2013). The family innovator’s dilemma: How family influence affects the adoption of discontinuous technologies by incumbent firms. Academy of Management Review, 38(3), 418–441.

    Google Scholar 

  • Kotey, B., & Folker, C. (2007). Employee training in SMEs: Effect of size and firm type—Family and nonfamily. Journal of Small Business Management, 45(2), 214–238.

    Google Scholar 

  • Lansberg, I. (1983). Managing human resources in family firms: The problem of institutional overlap. Organizational Dynamics, 12(1), 39–46.

    Google Scholar 

  • Lansberg, I. (1988). The succession conspiracy. Family Business Review, 1, 119–143.

    Google Scholar 

  • Loan-Clarke, J., Boocock, G., Smith, A., & Whittaker, J. (1999). Investment in management training and development by small businesses. Employee Relations, 21(3), 296–311.

    Google Scholar 

  • Maddala, G. (1983). Limited dependent and qualitative variables in econometrics. New York: Cambridge University Press.

    Google Scholar 

  • Manolova, T., Carter, N., Manev, I., & Gyoshev, B. (2007). The differential effect of men and women entrepreneurs’ human capital and networking on growth expectancies in Bulgaria. Entrepreneurship Theory and Practice, 31(3), 407–426.

    Google Scholar 

  • Matlay, H. (2002). Training and HRD strategies in family and non-family owned small businesses: A comparative approach. Education and Training, 44(8/9), 357–369.

    Google Scholar 

  • McMillan, J., & Woodruff, C. (2002). The central role of entrepreneurs in transition economies. Journal of Economic Perspectives, 16(3), 153–170.

    Google Scholar 

  • Munari, F., Oriani, R., & Sobrero, M. (2010). The effects of owner identity and external governance systems on R&D investments: A study of western European firms. Research Policy, 39, 1093–1104.

    Google Scholar 

  • Muñoz-Bullón, F., & Sanchez-Bueno, M. J. (2011). The impact of family involvement on the R&D intensity of publicly traded firms. Family Business Review, 24, 62–70.

    Google Scholar 

  • Naldi, L., Nordqvist, M., Sjoberg, K., & Wiklund, J. (2007). Entrepreneurial orientation, risk taking, and performance in family firms. Family Business Review, 20, 33–47.

    Google Scholar 

  • Nawata, K. (1994). Estimation of sample selection bias models by the maximum likelihood estimator and Heckman’s two-step estimator. Economics Letters, 45(1), 33–40.

    Google Scholar 

  • Nieto, M., Santamaria, L., & Fernandez, Z. (2013). Understanding the innovation behavior of family firms. Journal of Small Business Management. doi:10.1111/jsbm.12075. Advance online publication.

    Google Scholar 

  • Patel, P., & Chrisman, J. (2013). Risk abatement as a strategy for R&D investments in family firms. Strategic Management Journal. doi:10.1002/smj.2119. Advance online publication.

    Google Scholar 

  • Pelov, T. (2005). Development of family business through cooperation. Economic Alternatives, 1. Available at http://alternativi.unwe.bg/alternativi/index.php?nid=1

  • Peng, M. W. (2001). The resource-based view and international business. Journal of Management, 27(6), 803–829.

    Google Scholar 

  • Pistrui, D., Welsch, H. P., & Roberts, J. S. (1995). Entrepreneurship, the family, and enterprise development in transforming economies: A Romanian perspective. In A. J. Haahti (Ed.), Entrepreneurship and economic development (pp. 147–162). Tampere: University of Tampere, School of Business Administration.

    Google Scholar 

  • Pistrui, D., Welsch, H. P., & Roberts, J. P. (1997). The [re]-emergence of family businesses in the transforming Soviet Bloc: Family contributions to entrepreneurship development in Romania. Family Business Review, 10(3), 221–237.

    Google Scholar 

  • Poon, S., & Swatman, P. (1995). The internet for small businesses: An enabling infrastructure for competitiveness. In Proceedings of the fifth Internet Society conference, Hawaii (pp. 221–231).

    Google Scholar 

  • Poutziouris, P., O’Sullivan, K., & Nicolescu, L. (1997). The [re]-generation of family-business entrepreneurship in the Balkans. Family Business Review, 10(3), 239–261.

    Google Scholar 

  • Ramadani, V., & Dana, L.-P. (2013). The state of entrepreneurship in the Balkans: Evidence from selected countries. In V. Ramadani & C. R. Schneider (Eds.), Entrepreneurship in the Balkans: Diversity, support and prospects (pp. 217–250). New York: Springer.

    Google Scholar 

  • Ramadani, V., & Schneider, C. R. (2013). Entrepreneurship in the Balkans: Diversity, support and prospects. New York: Springer.

    Google Scholar 

  • Reid, R., & Adams, J. (2001). Human resource management—A survey of practices within family and non-family firms. Journal of European Industrial Training, 25, 310–320.

    Google Scholar 

  • Reid, R., Morrow, T., Kelly, B., Adams, J., & McCartan, P. (2000). Human resource management practices in SMEs: A comparative analysis of family and nonfamily businesses. Journal of the Irish Academy of Management, 21(2), 157–181.

    Google Scholar 

  • Riemenschneider, C. K., Harrison, D. A., & Mykytyn, P. P., Jr. (2003). Understanding IT adoption decisions in small business: Integrating current theories. Information and Management, 40(4), 269–285.

    Google Scholar 

  • Shanker, M. C., & Astrachan, J. H. (1996). Myths and realities: Family businesses’ contribution to the US economy—A framework for assessing family business statistics. Family Business Review, 9(2), 107–119.

    Google Scholar 

  • Sharma, P., Chrisman, J. J., & Chua, J. H. (1997). Strategic management of the family business: Past research and future challenges. Family Business Review, 10(1), 1–36.

    Google Scholar 

  • Short, J. C., Payne, G. T., Brigham, K. H., Lumpkin, G. T., & Broberg, J. C. (2009). Family firms and entrepreneurial orientation in publicly traded firms: A comparative analysis of the S&P 500. Family Business Review, 22(1), 9–24.

    Google Scholar 

  • Simeonova-Ganeva, R., Vladimirov, Z., Ganev, K., Panayotova, N., Dimitrova, T., Davidkova, T., et al. (2013). A study of entrepreneurship and the prospects for innovations development in SMEs (2012-2013). Bulgarian Small and Medium Enterprises Promotion Agency, Ministry of Economy, Energy and Tourism, INSIGHT: Noema & Sigma Hat, Sofia.

    Google Scholar 

  • Simeonova-Ganeva, R., Vladimirov, Z., Ganev, K., Panayotova, N., Dimitrova, T., Yordanova, D., et al. (2012). Analysis of the situation and factors for development of SMEs in Bulgaria 2011-2012: Economic recovery and competitiveness. Bulgarian Small and Medium Enterprises Promotion Agency, Ministry of Economy, Energy and Tourism, Noema, Sofia.

    Google Scholar 

  • Sirmon, D. G., & Hitt, M. A. (2003). Managing resources: Linking unique resources, management, and wealth creation in family firms. Entrepreneurship Theory and Practice, 27(4), 339–358.

    Google Scholar 

  • Smallbone, D., & Welter, F. (2001). The distinctiveness of entrepreneurship in transition economies. Small Business Economics, 16(4), 249–262.

    Google Scholar 

  • Smallbone, D., Welter, F., Isakova, N., & Slonimski, A. (2001). The contribution of small and medium enterprises to economic development in Ukraine and Belarus: Some policy perspectives. MOCT-MOST, 11, 253–273.

    Google Scholar 

  • Smith, M. (2007). “Real” managerial differences between family and non-family firms. International Journal of Entrepreneurial Behaviour and Research, 13(5), 278–295.

    Google Scholar 

  • Smyrnios, K., & Odgers, J. (2002). An exploration of owner and organizational characteristics, and relational marketing and opportunity search variables associated with fast-growth family versus nonfamily firms. In Proceedings of the Family Business Network 13th annual world conference, Helsinki, Finland (pp. 239–256). Lausanne, Switzerland: FBN.

    Google Scholar 

  • Spence, M., & Crick, D. (2006). A comparative investigation into the internationalization of Canadian and UK high-tech SMEs. International Marketing Review, 22(5), 524–548.

    Google Scholar 

  • Szabó, А., Yordanova, D., Kristi, D., Dejan, E., Szabó, Z., Gál, M., et al. (2010). The impact of the economic crises on SMEs in selected CEE countries. ERENET Profile, V(3), 6–29.

    Google Scholar 

  • Tagiuri, R., & Davis, J. A. ([1982] 1996). Bivalent attributes of the family firm. Family Business Review, 9(2), 199–208.

    Google Scholar 

  • Taylor, E. (2001). HACCP in small companies, benefit or burden. Food Control, 12(4), 217–222.

    Google Scholar 

  • Taylor, E., & Taylor, J. Z. (2004). Using qualitative psychology to investigate HACCP implementation barriers. International Journal of Environmental Health Research, 14(1), 53–63.

    Google Scholar 

  • Teal, E. J., Upton, N., & Seaman, S. L. (2003). A comparative analysis of strategic marketing practices of high-growth U.S. family and non-family firms. Journal of Developmental Entrepreneurship, 8(2), 177–195.

    Google Scholar 

  • Tkachev, A., & Kolvereid, L. (1999). Self-employment intentions among Russian students. Entrepreneurship and Regional Development, 11(3), 269–280.

    Google Scholar 

  • Todorov, K. (2006). Bulgarian entrepreneurship in united Europe: Challenges and opportunities. In: Yearbook of UNWE (pp. 77–100)

    Google Scholar 

  • Todorov, K. (2011). Business entrepreneurship. Part I: Foundations. Starting up a new business. Sofia: BAMDE.

    Google Scholar 

  • Upton, N., Teal, E. J., & Felan, J. T. (2001). Strategic and business planning practices for fast growth family firms. Journal of Small Business Management, 39, 60–72.

    Google Scholar 

  • Vladimirov, Z. (2011a). Implementation of food safety management system in Bulgaria. British Food Journal, 113(1), 50–65.

    Google Scholar 

  • Vladimirov, Z. (2011b). Global challenges to small and medium-sized enterprises. Sofia: University Press “St. Kliment Ohridski”, 257 p.

    Google Scholar 

  • Walker, E., Pritchard, C., & Forsythe, S. (2003). Hazard analysis critical control point and prerequisite programme implementation in small and medium size food businesses. Food Control, 14(3), 169–174.

    Google Scholar 

  • Wang, Y., & Ahmed, P. K. (2009). The moderating effect of the business strategic orientation on eCommerce adoption: Evidence from UK family run SMEs. Journal of Strategic Information Systems, 18, 16–30.

    Google Scholar 

  • Webb, J., Ketchen, D., & Ireland, R. D. (2010). Strategic entrepreneurship within family-controlled firms: Opportunities and challenges. Journal of Family Business Strategy, 1(2), 67–77.

    Google Scholar 

  • Westhead, P. (1997). Ambitions, external environment and strategic factor differences between family and non-family companies. Entrepreneurship and Regional Development, 9(2), 127–158.

    Google Scholar 

  • Westhead, P., & Cowling, M. (1997). Performance contrasts between family and non-family unquoted companies in the UK. International Journal of Entrepreneurial Behaviour and Research, 3(1), 30–52.

    Google Scholar 

  • Westhead, P., & Cowling, M. (1998). Family firm research: The need for a methodological rethink. Entrepreneurship Theory and Practice, 23(1), 31–56.

    Google Scholar 

  • Yapp, C., & Fairman, R. (2006). Factors affecting food safety compliance within small and medium-sized enterprises: Implications for regulatory and enforcement strategies. Food Control, 17(1), 42–51.

    Google Scholar 

  • Yordanova, D. (2010). Succession in Bulgarian family firms. An explanatory investigation. In A. Surdej & K. Wach (Eds.), Managing ownership and succession in family firms (pp. 110–120). Warsaw: Scholar Publishing House.

    Google Scholar 

  • Yordanova, D. (2011). Entrepreneurial orientation in family and non-family firms: Evidence from Bulgaria. International Journal of Economic Sciences and Applied Research, 4(1), 185–203.

    Google Scholar 

  • Yordanova, D. (2012). Development and selection of successors in family firms: Evidence from Bulgaria. In Annual book of Sofia University “St. Kliment Ohridski” (Vol. 10, pp. 91–103). Faculty of Economics and Business Administration.

    Google Scholar 

  • Yordanova, D. (2013). Entrepreneurial orientation in Bulgarian family and non-family enterprises: Determinants and links with performance and internationalization. Sofia: Avangard Prima Press.

    Google Scholar 

  • Yordanova, D., & Davidkov, T. (2011). Determinants of entrepreneurial orientation: Evidence from Bulgaria. In G. Chobanov, J. Plöhn, & D. Schellhaass (Eds.), Towards a knowledge based society in Europe (Vol. 3). Frankfurt am Main: Peter Lang.

    Google Scholar 

  • Zellweger, T. (2007). Time horizon, costs of equity capital, and generic investment strategies of firms. Family Business Review, 20, 1–15.

    Google Scholar 

  • Zellweger, T., Nason, R., & Nordqvist, M. (2012). From longevity of firms to transgenerational entrepreneurship of families: Introducing family entrepreneurial orientation. Family Business Review, 25, 136–155.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Faculty of Economics and Business Administration, University “St. Kliment Ohridski”, 125 Tsarigradsko Shose Blvd., bl.3, 1113, Sofia, Bulgaria

    Desislava Yordanova, Zhelyu Vladimirov & Ralitsa Simeonova-Ganeva

Authors
  1. Desislava Yordanova
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Zhelyu Vladimirov
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Ralitsa Simeonova-Ganeva
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Desislava Yordanova .

Editor information

Editors and Affiliations

  1. GSCM Montpellier Business School, Montpellier, France

    Léo-Paul Dana

  2. South-East European University, Tetovo, Macedonia

    Veland Ramadani

Rights and permissions

Reprints and permissions

Copyright information

© 2015 Springer International Publishing Switzerland

About this chapter

Cite this chapter

Yordanova, D., Vladimirov, Z., Simeonova-Ganeva, R. (2015). Management Practices in Bulgarian Family and Non-family SMEs: Exploring “Real” Differences. In: Dana, LP., Ramadani, V. (eds) Family Businesses in Transition Economies. Springer, Cham. https://doi.org/10.1007/978-3-319-14209-8_6

Download citation

Publish with us

Policies and ethics

Search

Navigation