THE USE OF CONTROLLING IN WOODWORKING AND FURNITURE FAMILY BUSINESSES: EVIDENCE FROM SLOVAKIA

The aim of the paper is to assess the use of controlling in family businesses within the woodworking and furniture industry in Slovakia compared to non-family businesses and to identify the underlying reasons for its implementation or lack thereof. The questionnaire based survey was evaluated using relevant statistical methods. Based on the findings, it can be concluded that most of the woodworking and furniture enterprises belong to family businesses, and they tend to use controlling to a lesser extent compared to non-family businesses. The results indicated a positive correlation between the size of the enterprise and the implementation of controlling. Additionally, a distinctive specific of the surveyed businesses which may hinder the application of controlling is considered the concordance of ownership and management roles. The study identified the state of the use of controlling in the surveyed businesses and sheds light on the factors influencing their decisions.