Abstract:

Family businesses show certain characteristics that differs them from non-family businesses. In recent years, there has been an increased attention from scholars in identifying and describing these traits. Moreover, many researchers point to the future oriented mindset of family firms, where the main reason could be family legacy and sustaining dynasty in business in upcoming years. Existence of this long-term business mindset suggest high importance of sustainability, possibly in the form of corporate social responsibility. Goal of this study is to analyse firms in Czech Republic with a focus on family and non-family owned companies and their CSR practices. Results of this paper should contribute to the understanding of companies approach to the CSR according to the family and non-family ownership of their business.