Lukovszki Lívia — Rideg András — Sipos Norbert — Varga Anna Róza

Resource and capability configurations of Hungarian family-owned micro, small and medium-sized enterprises

In this study, we analyse the main characteristics of firm performance and the components of competitiveness on the dataset of 372 Hungarian family MSMEs of the Global Competitiveness Project (GCP) using non-hierarchical (K-means) cluster analysis. The applied MSME competitiveness approach is based on Chikán-Czakós definition of firm competitiveness, Barney's resource-based theory and Miller's configuration theory. Firm performance was measured using return on assets (ROA). The creation of four clusters along the three cluster-forming variables (ROA, number of employees, firm age) proved to be relevant: the middle-aged efficient enterprises", the mature mediocre enterprises", the mature medium-sized enterprises", and the young and focused enterprises". The results prove that the factors that determine competitiveness can differ to a great extent by the age of the company and the company's life cycle, as other studies have already pointed out. In order to achieve the results, it is necessary to understand the strengths and weaknesses of resources and capabilities, as well as the impact mechanisms of the age-specific components of firm performance from both a theoretical and practical perspective, which is necessary for the development of effective economic policies.

LXX. évf., 2023. December (1389 - 1413. O.), DOI:10.18414/KSZ.2023.12.1389, Workshop

(PDF format, 254.94 kB)