Diversity of stakeholder perception – Snapshot of family and non-family companies

Abstract

In this paper, we report about the first findings of the most recent round of the “In Global Competition” research programme with a focus on differences and similarities of businesses with and without family ownership and management. We explore their perception of and attitude toward various stakeholder groups. Our sample is populated with more than 200 companies operating in Hungary, out of which more than 50 businesses are in family ownership and management. Small and medium-sized businesses have often been seen as firms that pursue a special responsibility towards their employees and local communities, two main directions of their local embeddedness. We are providing our current snapshot suggesting a change in this regard.