IJFBP International Journal of Family Business Practices
The International Journal of Family Business Practices (IJFBP) is open access and biannual double-blind peer-reviewed journal. Numerous family enterprises are based around the legend of an entrepreneurial founder who has stood firm in the face of difficulties. The IJFBP widens the scope to look beyond this interrelationship by exploring the creation of family business, which includes the entrepreneurial tenets, mindset, and processes of the family business and its transgenerational sustainability. The scope of the journal covers various sectors including (but is not limited to), retail, tourism, wealth planning, digital business, among others. All the articles published in English. Submissions are open year-round. Before submitting, please ensure that the manuscript is written in English to comply with the focus and scope of IJFBP and follows the guidelines and templates of authors.
Articles
47 Documents
<![CDATA[Managing Risks in Academic Entrepreneurship: The Case of SiFAR ]]>
<![CDATA[Mohar Yusof]]>;
<![CDATA[Leilanie Mohd Nor]]>
<![CDATA[ International Journal of Family Business Practices Vol 1, No 1 (2018) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
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DOI: 10.33021/ijfbp.v1i1.637
<![CDATA[The main purpose of this case study is to examine the implementation and commercialization process of Simplified Financial and Recordkeeping (SiFAR) solution, a cloud-based cash flow management solution for micro and small businesses. Background of the company and entrepreneurial academics who initiated the idea and business, and the starting up process is described. The technology adoption life cycle model and the concept of crossing the chasms are used to describe the adoption rate of the solution. A pilot project was used to test the prototype and validate several features of the solution. The social scientists and entrepreneurs found a critical success factor for technology commercialization, which is managing risk. The most important factor in managing risk is to confirm demand for the solution and the willingness to pay. Hence, funds and capital need to be focused on managing risks in order for the entrepreneurial endeavor to be successful.]]>
<![CDATA[Reviewer ]]>
<![CDATA[Ajay A Chauhan]]>
<![CDATA[ International Journal of Family Business Practices Vol 1, No 1 (2018) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
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DOI: 10.33021/ijfbp.v1i1.669
<![CDATA[Analysis of Four CommunityBased Entrepreneurships in Rural Water Supply in Bogor ]]>
<![CDATA[Santi Susanti]]>
<![CDATA[ International Journal of Family Business Practices Vol 1, No 2 (2018) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
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DOI: 10.33021/ijfbp.v1i2.693
<![CDATA[Local water supply based on community development were built by using funding from Local government. Accountability of this funding for local community entrepreneurship is debatable. This paper will explain how local water community entrepreneurship in Bogor can be determined in four community-based: aspect of infrastructure, training of human resources, revenue collection, and post onstruction support. The rural water supply in Bogor were studied by combining quantitative and qualitative methods. The study provides evidence on the need todesign policies and programs that provide sustainable services in Community-BasedEntrepreneurship.]]>
<![CDATA[State of Entrepreneurship Attitude and Intention among Malaysian Youngsters ]]>
<![CDATA[Hasliza Hassan]]>;
<![CDATA[Abu Bakar Sade]]>;
<![CDATA[Melissa Wendy Migin]]>
<![CDATA[ International Journal of Family Business Practices Vol 3, No 1 (2020) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
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DOI: 10.33021/ijfbp.v3i1.839
<![CDATA[Entrepreneurship among the youngsters in Malaysia is expected to spice-up the existing socio-economic development momentum. Many initiatives have been introduced to spur the entrepreneurship spirit among the youngsters. This research focuses on the attitude and intention of the youngsters in becoming entrepreneurs. A cross-sectional research was conducted to determine the attitude and intention of the youngsters to be an entrepreneur using a survey questionnaire. Descriptive and correlation analyses were conducted using 425 data that were collected from students who have taken the entrepreneurship course at the Multimedia University, Cyberjaya, Selangor, Malaysia. It is found that the youngsters have a positive attitude and intention towards entrepreneurship. Further findings also highlight that the positive attitude influences the positive intention for the youngsters to venture into entrepreneurship. Shaping the attitude and intention through the basic entrepreneurship knowledge that can be learned from formal education is expected to become an entrepreneurial engine to drive the economic development for the nation.]]>
<![CDATA[Family Business Sustainability through Community Orientation ]]>
<![CDATA[Filda Rahmiati]]>
<![CDATA[ International Journal of Family Business Practices Vol 3, No 1 (2020) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
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DOI: 10.33021/ijfbp.v3i1.1158
<![CDATA[This research aims to explore the sustainability of family business through the implementation of Corporate Social Responsibility (CSR) to the community surrounding the company. As many research studies mentioned that family businesses are often strongly anchored in the local community, the high commitment to the local community will leads to a high degree of socially responsible acting. Qualitative method is used in the form of a case of an Indonesian small business in Bogor. The data collection is done using direct methods like observation, interview, and going through the company documentations to comprehend the case situation. The result of the research shows that the CSR implementation, in case observed, was in accordance with the needs of surrounding community. The CSR activities were in the form of the education, religious activities, public facilities, employee and community empowerment. The community and the company were supporting each other in order to make the activity success. This study concludes that this symbiotic CSR could be new model for family business enterprises sustainability through CSR.]]>
<![CDATA[The Celebrity Family Endorsement on Instagram Product Advertisement (Case: The Hermansyah) ]]>
<![CDATA[Sakti Hendra Pramudya]]>
<![CDATA[ International Journal of Family Business Practices Vol 3, No 2 (2020) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
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DOI: 10.33021/ijfbp.v3i2.1155
<![CDATA[The main purpose of this study is to analyze the consumer’s perception of single celebrity endorsement and celebrity family endorsement in the context of Instagram advertising. Instagram is selected as the research context due to the application has become a new trend in Asia and there are abundant people who use it as a media for promotion. The object of this research is Anang and Ashanty family business. They are a famous celebrity couple in Indonesia which successfully established numerous product lines, as well as a variety of brands and, interestingly, both Anang and Ashanty (along with their children), are the advertisement models of all of their product in the Instagram. The paper comprises of two separate studies. The first study would use 2 x 2 factorial design to compare the Instagram user’s response towards four stimuli of Instagram advertisements. Two stimuli would depict Instagram advertisement of single celebrity endorser (represents by Ashanty) and the other two stimuli would depict Instagram advertisement of celebrity family endorser (represents by Anang and Ashanty family). The stimulus is taken from the original advertisement from the couple’s product lines which represents by one cake product and one acne cream product. The second study is a consumer’s opinion survey which measures respondent’s opinion towards the advertisements. Based on the survey results of 547 Instagram users in Indonesia, it is revealed that celebrity family advertisement emerged higher than single celebrity advertisement for the acne cream product. Hence, it can be concluded that the consumer does value celebrity family endorsement more than individual or single celebrity endorsement. However, further analysis reveals that the engagement only exists in the initial stage (attention) and the middle stage (desire and search) of consumer’s psychological process to purchase a new product due to all of the advertisement is lacking information about the price.Keywords: Family Business Branding, Single Celebrity Endorsement, Celebrity Family Endorsement, Instagram.]]>
<![CDATA[Sharing tacit business knowledge between founder and successor in family business: case studies in Vietnam ]]>
<![CDATA[Thanh Trung Pham]]>;
<![CDATA[Robin Bell]]>;
<![CDATA[David Newton]]>
<![CDATA[ International Journal of Family Business Practices Vol 1, No 1 (2018) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
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DOI: 10.33021/ijfbp.v1i1.630
<![CDATA[The purposes of this study are to explore in detail the tacit business knowledge transfer process and the effective transfer method from founder to successor in Vietnamese family businesses. This study, using separate interviews of paired founders and successors in five Vietnamese family businesses, aims to contribute to the general understanding of such processes in South East Asian family businesses. This study confirms that the tacit business knowledge transfer process is an on-going process until the founder is unable to continue due to physical or mental health preventing further communication. In addition, it indicates that the mentor-mentee method is the most common method for tacit knowledge transfer process. Storytelling is also a common process; unlike traditional Western SMEs, use of formal documentation tends to be far less prevalent as a way of transferring knowledge. The findings of this study show that not all of tacit business knowledge from the founder is important to the successor. Therefore, a successor needs time spent alone to contemplate each tacit business lesson, before determining whether to absorb it. ]]>
<![CDATA[The Determinants of a Successful Family Business Succession in Indonesia: A Multiple Case Study ]]>
<![CDATA[Suresh Kumar]]>;
<![CDATA[Qireina Prameswari]]>
<![CDATA[ International Journal of Family Business Practices Vol 1, No 2 (2018) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
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DOI: 10.33021/ijfbp.v1i2.638
<![CDATA[Family businesses play an important role in both developed and developing countries. They employ a majority of workforce establishing the newest jobs and generating a significant proportion of the gross domestic product. About 96% of the 165,000 companies established in Indonesia are family businesses. However, the survival rate of passing through the stage of second generations in family business is very low. This research has been conducted to analyse the determinants of successful family business successions. Qualitative research method was used to study four families. The conclusion from the study was that the determinants of successful family business succession are managing a complex relationship of successors and incumbent related factors, family context, business context, and having a structured agreement system.]]>
<![CDATA[Capital Structure for Mature Family Companies in the Indonesian Stock Exchange ]]>
<![CDATA[pandu adi cakranegara]]>
<![CDATA[ International Journal of Family Business Practices Vol 3, No 1 (2020) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
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DOI: 10.33021/ijfbp.v3i1.1159
<![CDATA[Not all family companies choose to float on the Indonesian Stock Exchange. By being an open company an securities company must comply with various regulations from the supervisory institution that makes its various financial decisions limited by regulations and covenants. Limited financial decision making is a double-edged sword. On the one hand this can force the company to make more responsible decisions but on the other hand this independence can make the company lag behind other companies that are more flexible in making financial decisions. There are at least two parties that have an interest in the company's cash flow, namely the lender and the equity investor. On the one hand the company needs funds to carry out the company's plans. This study examines how firms choose capital structure and its impact on firms. The specialty in this study is the family company that has reached the established phase listed on the Indonesian Stock Exchange. The findings of this study are that mature family companies have a tendency to maximize cash flow and maintain a dominant position in capital structure and use short-term debt that is less binding or dealing with large banks.]]>
