Academic journal article Journal for East European Management Studies

Erratum

Academic journal article Journal for East European Management Studies

Erratum

Article excerpt

In the paper Impacts of entrepreneurs' stress and family members on SMEs'business success in Serbian family-owned firms, authored by Marko M. Mihic, Sinisa M. Arsic, Milos Z. Arsic (vol. 20, issue 4, 2015, pp. 452483) the following three paragraphs were omitted in error:

"This paper established a high level of correlation between annual income and annual turnover (0.74 of max. 1); consequently, either of the indicators can be used to present their correlations to other indicators. The first part of the hypothesis can be confirmed or rejected by testing the data relating to success and data relating to the number of family-member employees, while the second part of the hypothesis requires the authors to test data on success and data on the level of entropy in a hierarchy.

H2.1 The success of a family firm is endangered due to a large number of family-member employees

The first auxiliary hypothesis (presented as H2.1) is tested in Table 6, where the authors of this paper presented a Chi-Square test with a critical value of 0.1 (10%), as well as Kendall's tau-b and Gamma test. The authors have established correlation between the two factors, i.e. the tests confirmed that a large number of family-member employees can endanger a company's success measured by annual income and annual turnover. …

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