JMUI
Vol. 43, No. 1

Analisis Pengaruh Struktur Kepemilikan Keluarga terhadap Kinerja Perusahaan: Studi Empiris pada Perusahaan Non Keuangan Terdaftar di Bursa Efek Indonesia Periode 2009-2014

Septiana, Eva (Unknown)
Dalimunthe, Zuliani (Unknown)
Wasilah, Wasilah (Unknown)

Article Info

Publish Date
30 Jun 2020

Abstract

The study aims to analyse how the ownership structure of a family company affects the company’s performance. The company’s performance was measured using Tobin’s Q to see how the market re- sponds to strategies and policies taken by the family company. The study took samples of 147 family companies listed on the Indonesia Stock Exchange during 2009-2014. The results showed that the family company had significantly lower performance compared to non-family companies, but the relationship between ownership by the family is a quadratic in which there is a direction reversal at the 76% ownership rate. The study also found that the company’s performance is lower when the CEO of the family company is managed by the second generation than when administered by the first generation.

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Journal Info
JMUI
Website

Abbrev

publication:jmui

Publisher

Universitas Indonesia

Subject

Humanities Economics, Econometrics & Finance Social Sciences

Description

Jurnal Manajemen dan Usahawan Indonesia (JMUI) adalah forum diseminasi ilmu bisnis multi-disiplin yang bertujuan untuk menjembatani ilmu dan praktik manajemen dan kewirausahaan di Indonesia. JMUI menerbitkan hasil-hasil penelitian yang berdampak tinggi terhadap teori dan praktik manajemen dan ...