Analysis and Evaluation of the Economic State of the Family Business in Bulgaria
Journal Title: International Conference on Marketing and Business Development - Year 2016, Vol 0, Issue 1
Abstract
This research aims to analyze and evaluate the state of the family business in Bulgaria, its problems to be found and solutions in connection with them to be given. In order the aim of the research to be achieved, an examination of 48 big family companies on the territory of the whole country was made for the period September – December 2015. The methodology of the research includes the using of statistic methods such as: observation, average evaluation, comparison and grouping, analysis and synthesis, as well as methods for the disclosure of the dynamics of the calculated financial economic indicators of the examined family companies. Tabular and graphical methods were used for the visual representation of the research results. In this piece of work, the efforts made by the authors are oriented towards the generalization and systematization of financial economic information in connection with the examined family business companies, as the following economic indicators are estimated: profit, tangible assets, private capital and incomes from sales. The liquidity is also estimated as an important economic coefficient which concerns the sustainability of the family business. The results of this analysis allow the systematization of some of the family business problems in financial economic aspect. The practice of the family business and the connected with its functioning problems encourage the need of paying special attention to it. In support of this conclusion come the theoretical and practical formulations in the literary sources and the results of the continuous family business researches, including in Bulgaria. It is ascertained that the sustainability of this business has to focus on some problems in economic aspect.
Authors and Affiliations
Anny Atanasova, Blagovesta Koyundzhiyska-Davidkova
Keywords
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