Purpose: To analyze search funds as a new group of investment vehicles in Poland that constitutes a group of potential investors for family companies facing the lack of succession.

Methodology: The theoretical part presents family businesses, considers the problem of succession in Poland, and analyzes the literature on available forms of divestment of a family business owner.

Moreover, the article presents the roots of search funds creation and their characteristics, which reveals these investment vehicles as theoretically perfect for family businesses without successors. The empirical part presents a study into the sale of a Polish family business to a search fund, which was the first and only search fund deal in Poland until the end of 2020.

Findings: The study revealed that the sale of a family business to a search fund should be included in the catalog of possible forms of divestment of a family business owner facing the lack of successors.

Originality: The article fills a gap in the literature on family entrepreneurship in the context of
selling a business to a search fund in Poland, which has not yet been indicated as one of the methods for owners to exit a business.

Purpose: The article aims to examine the impact of women’s decision-making power in families on their gender stereotypes about business executives in the promising but insufficiently explored regions of Central Europe (CE) and Central Asia (CA).

Methodology: The study utilized multiple linear regression and Spearman’s correlation coefficients to analyze survey data (No=6,869) from Central European (Czech Republic, Hungary, Poland, and Slovakia) and Central Asian states (Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan).
Findings: Central Asian women demonstrated stronger gender stereotypes about business executives compared to the Central European sample. Equally shared power in decision-making with a part-ner has a positive impact on weakening women’s gender stereotypes about top managers. Men’s unilateral decision-making correlates with their spouses’ higher gender bias, whereas independent women’s decisions do not reveal a relationship with their gender stereotypes.

Research limitations: The study does not control respondents’ marital and mother’s status and excludes one of the Central Asian states, namely Turkmenistan.

Research implications: Policymakers can use the present findings to forecast how familialist pol-icies reproduce gender stereotypes and inhibit gender equality. The research complements the specificity of the vicious cycle linking gender roles and stereotypes in the context of CE and CA and expands the “family cage” phenomenon.

Originality/value: First massive research on gender stereotypes about business executives embrac-ing the Visegrad Group and four Central Asian states. The study discovers the internal aspect of family impact on women’s views of top managers that has been neglected before.

Purpose: To explore how the predecessors and successors of Polish family businesses use and refine existing knowledge, identify knowledge deficiencies or absences, and create new knowledge during the working together stage.
Methodology/approach: The article builds on qualitative empirical material gathered in 2018 and 2019 with a problem-centered interview approach aiming to capture the complex and potentially diverging realities of both generations. Altogether, 48 preliminary interview questionnaires were completed and, subsequently, 46 interviews were conducted.
Findings: The study captured that the use of existing knowledge during the Working Together period is significantly supported by the fact that the old and young generation share several unarticulated beliefs, mental models, and behaviors. However, the identification of knowledge gaps and the creation of new knowledge are heavily hindered by the fear of confrontation and only declarative – instead of active – interest of the older generation in creating new knowledge.
Originality/value: The article bridges the gap between the literature on organizational ambidexterity and family business by empirically investigating the intergenerational dynamics of owners’ families regarding knowledge creation. Moreover, we introduce the concept of intergenerational familial ambidexterity.

Purpose: The study aims to build a typology of family businesses with relatively short experience in the free-market economy. The typology is based on the goal preferences of the family businesses.

Methodology: The research is based on empirical data from Polish medium-sized and large enterprises, collected in 2014. Using cluster analysis and variance analysis, we identified four types of family enterprises based on their goal perceptions and tested the differences among them.

Results: The article distinguishes and characterizes four types of family enterprises: “business first, family second,” “only business,” “immature,” and “family first, business second.”

Originality/value: The proposed typology is similar to that presented in the subject literature. Nevertheless, our contribution resides in the discovery that even if family and business goals are integrated in the enterprise, one of the systems will be dominant. Moreover, enterprises that only prioritize family goals were absent in the explored data set.

Purpose: This paper investigates the relationship between the internal governance structure and fnancial performance of Polish companies. Ensuring diversity of corporate boards has been on the agenda of various regulators on a national and international level as it is generally expected corporate boards that are more diverse will be more competent and more effective monitoring managerial actions, and therefore positively impact company performance.

Methodology: This paper uses a sample of companies listed on the Warsaw Stock Exchange and examines the two main compositional features of company supervisory boards (independence and experience) and their practices by companies. We also investigate the effect of diversity on company performance. As our empirical methodology, we use linear regression analysis.

Findings: Our fndings support the proposal that diversity matters, especially in terms of the presence of experienced members on supervisory boards, and that such diversity positively affects fnancial results. In addition to the main fnding, the results of the study indicate also the importance of the ownership structure. Family frms and companies with a higher level of gearing are more likely to perform less effectively.

Originality: To date, research on the association between supervisory board diversity and fnancial performance in either the Polish or Central and Eastern European capital markets has been limited. The paper also points to the importance of having experienced members on a company’s supervisory board. Independent members on supervisory boards do not seem to have a similar association.

Purpose: This study empirically investigated the factors that affect customer retention in the airline industry in North Cyprus. These factors were service quality attributes, perceived safety, customer satisfaction, loyalty reward program, relationship commitment and customer loyalty. The study also investigated four different groups for purposes of travel (business, education, vacation and family visit) in the empirical model.

Methodology: A descriptive approach was chosen to conduct this research. A quanhip between customer retention and the related study factors; however, not all of these relations are significant. The results also showed that the different purposes of travel had different influences on the variables regarding the positive and significant relations between them. Some independent variables had a negative effect on the dependent variables.

Conclusions: This research was limited to one group and place: the students of Eastern Mediterranean University in North Cyprus.

Originality: This study connected the retention, loyalty, satisfaction and service quality factors as attributes. In addition, this research was the frst to include other independent factors affecting satisfaction and loyalty in a comparison between four different groups regarding the purpose of travel in the airline industry.

Purpose: The paper presents the results of a qualitative analysis of selected aspects of general business
environment. The author strives to answer the following question formulated in the context
of postcolonial deliberations: has the general business environment been affected by European
colonialism?

Methodology: Semantic and semiotic analysis of primary sources (statistical data and research
findings formulated by international organisations, such as the World Bank, OECD, UNIDO) and
secondary sources (scientific and research studies of Polish and foreign authors based on primary
sources); literature review.

Findings: In the postcolonial perspective, qualitative analysis shows neither a positive nor a negative
impact of colonialism on the contemporary general business environment. If certain signs of
its deterioration are observed, they are mostly due to the erosion of state capacity, whose origins
can be traced back to the Berlin Conference.

Originality: Papers on Postcolonial Management and Critical Management Studies (CMS) bridge
the gap in literature pertaining to management issues, especially in Poland. Due to their interdisciplinary
nature, Postcolonial Management and CMS cover a broad range of research areas (i.e.
theory of state and nation, sociology, economic history). They pertain to both economics an management, and are therefore difficult to classify.

Purpose: Interest in older consumers as the subject of marketing strategy is growing in Western countries (Gunter, 1998). However, in Poland, this group is still neglected by marketers and perceived in stereotypical way, and its marketing potential is underestimated. The main goal of this research was to provide understanding of the contemporary older Polish population and especially older Polish consumers, including their values, needs,
attitudes, opinions and behaviors.

Methodology: In order to investigate the Polish “grey market,” we conducted survey research (CAPI) based on a representative quota – a random nationwide sample of n=1500 participants above 55 years old. Additionally, we also conducted qualitative research – 18 individual in-depth interviews (IDIs) at homes of consumers (ethnographic interviews).

Findings: Based on the factor and cluster analysis (Weinstein, 1994) from the quantitative survey, 5 segments of older Polish consumers were selected: Fulfi lled Optimists (14% of population), Bored with Life (17%), Passive Materialists (22%), Family-oriented Non-Paterialists (22%), and Excluded Traditionalists (25%). Segments differed in values, lifestyles, attitudes toward life, family, work and general life satisfaction. As a consequence of those psychological differences, segments differed in consumer behaviour, preferences and perception of marketing communication (advertising).

Originality: Our analysis shows that key areas, which determine particular consumer behaviour in each segment are – contrary to common belief – not demographic characteristics, but mainly psychological aspects (such as attitude to life, optimism, attitude to money, open-mindedness and general curiosity).

Purpose: The objective of the research was an assessment of the experiences of Polish owners of family companies in organizing family meetings as mechanisms of family governance as well as evaluating the usefulness of solutions developed in this sphere for both family and company.

Methodology: The character of the conducted research was qualitative. The main technique used to gather data involved interviews. A total of thirty nine respondents from twenty companies were questioned. Nineteen were representatives of the older generation while twenty represented the younger second generation of owners of family businesses.

Findings: Research results indicated the rather extensive use by the examined owner families of family meetings to discuss company matters. Depending on their needs, they developed various models ranging from the ad hoc bringing up of company matters to the transformation of such meetings into formal, family meetings of the management board organized in company offi ces. Regardless of organizational form, family meetings were an important forum for the exchange of information and views on the functioning of the company among family members. The experiences of the examined families of owners in building family governance systems, understood as a complex of structures and mechanisms making possible the maintenance of a balance between tensions stemming from economic and emotional ties among family members, both involved in the company and outside it, remain small.

Research limitations: The qualitative character of the research, including the size of the examined sample (twenty family companies represented by thirty nine representatives), means that the generalizations made for the purposes of this study refer only to the experiences and opinions of the interviewed respondents.

Originality: The research performed is the fi rst of its kind devoted to family meetings as a component of the system of family governance created in the family forum of owners of family companies. At present, questions of family governance subject to Polish conditions are not a popular research fi eld undertaken with respect to family companies. This is dictated by the current phase of development of most domestic family ventures, where no
signifi cant diversifi cation of stakeholders on the family level has as yet occurred. However, this should in no way suggest that Polish family businesses are not acquiring their fi rst experiences in the sphere of family governance that, in the future, may prove useful in the forming of more complex structures.

Purpose: The purpose of this article is to identify the important role of the family in shaping the values and attitudes of the young generation and especially to answer the question of whether family can be a democracy.

Methodology: This article reviews the current positions on democracy in the family, and the results of the discussion that took place during the conference: “Time to develop. Strategic thinking in work and everyday life”. The subject of the discussion was decision-making issues and achieving objectives in family life.

Findings: There is no doubt nowadays that family is important for a child, or regarding the significance of the development and educational environment of a child. The personality of a child is greatly influence by the parents. However, this influence only lasts for several years. Specific parental attitudes affect the school achievements of children, as well as the development of emotional stability and socio-emotional maturity, the formation
of self-image and that of the peer group.

Originality: The analysis of the problem is only an attempt to signal the important role of family decisionmaking, the development of values and sophistication in the young generation, as well as taking responsibility for one’s own actions. Based on the analysis of the family, the changes taking place in this area could be seen as a necessary effect of changes in the social system.

Cel: celem artykułu jest wskazanie istotnej roli rodziny w kształtowaniu społeczeństwa obywatelskiego, a szczególnie postaw obywatelskich młodego pokolenia.

Metodologia: w artykule przedstawiono wyniki dyskusji, jaka miała miejsce podczas konferencji "Czas na rozwój. Człowiek i biznes w społeczeństwie obywatelskim". Przedmiotem tej dyskusji była rola rodziny w kształtowaniu społeczeństwa obywatelskiego oraz wartości i postaw obywatelskich. Posłużono się również sondażem diagnostycznym nt. "Czy jesteśmy społeczeństwem obywatelskim", przeprowadzonym wśród 441 respondentów.

Wnioski: rodzina jest strukturą społeczną, którą należy szczególnie chronić i wspierać,
zwłaszcza gdy jej funkcjonowanie ulega zmianie. Polska rodzina znajduje się obecnie w specyficznej sytuacji. Z jednej strony zaobserwować można odchodzenie od wartości o charakterze tradycyjnym, z drugiej – podejmowanie prób odnalezienia się w nowoczesnym społeczeństwie. Poziom kultury, zainteresowań rodziców wpływa bezpośrednio na wartości dzieci, ich postawy i zachowanie. Na przestrzeni wieków znacznie zmienił się model rodziny. Podstawowe zmiany zachodzące w jej strukturze można przypisać przeobrażeniom dokonującym się we współczesnym społeczeństwie. Dzisiejsza rodzina ma ograniczoną funkcję kontrolną. Współczesne warunki życia, szczególnie miejskiego i wielkomiejskiego, nie
sprzyjają zastosowaniu przez rodzinę kontroli nad swoimi dziećmi. Przyczynia się to do anonimowości jednostki, wydłużenia czasu przebywania poza domem.

Oryginalność: podjęty temat jest bardzo istotny w kontekście toczącej się dyskusji medialnej nad definicją rodziny, jej rolą i wsparciem społecznym. Przedstawiona analiza problemu
jest jedynie próbą zasygnalizowania roli rodziny w tworzeniu społeczeństwa obywatelskiego oraz zwrócenia uwagi na znaczenie kapitału społecznego wyznaczającego specyfikę i
potencjał tej kategorii społecznej. Społeczeństwo obywatelskie powinno mieć swój początek już w rodzinie.