Analysis of Influence of Family Ownership Towards Performance of The Company
DOI:
https://doi.org/10.31686/ijier.vol8.iss8.2537Keywords:
family ownership, company performance, a performance company the property, real estate, building constructionAbstract
This study aims to examine the effect of family ownership on company performance. The independent variable in this study is family ownership. The dependent variable in this study is company performance which is reflected by return on assets (ROA). This study uses control variables where the control variables are leverage and company size (size). The sample selected in this study amounted to 39 property, real estate, and building construction companies with the observation year 2011-2013, so the total sample observed was 117. The data were analyzed using Statistical Package for Social Science (SPSS) with linear regression analysis method multiple. Hypothesis testing results indicate that family ownership has a positive effect on company performance.
References
Anderson, RC, SA Mansi, and DM Reeb. 2002. Founding Family Ownership And The Agency Cost Of Debt. Journal of Financial Economics, 68 (May): 263-285. DOI: https://doi.org/10.1016/S0304-405X(03)00067-9
Job, Maydelina. 2008. Influence of Family Control To The Cost Of Debt In Company Listed on the Stock Exchange. Thesis.The University of Indonesia.
Claessens, S., S. Djankov, JPH, Fan, and Lang, LHP, 2002. Disentangling the incentive and entrenchment effect of large shareholdings, Journal of Finance, Vol. 57, No. 6, pp. 2741-2771. DOI: https://doi.org/10.1111/1540-6261.00511
Cucculelli, M., &Micucci, G. 2008. Family Succession and Firm Performance: Evidence from Italian Family Firm. Journal of Corporate Finance, Vol. 14, Issue 1, 2008, 17-31. DOI: https://doi.org/10.1016/j.jcorpfin.2007.11.001
Iturriaga, Felix J. Lopez, and Sanz and Juan Antonio Rodriguez. 1998. Ownership Structure, Corporate Value, and Firm Investment. a Spanish Firms Simultaneous Equation Analysis. Direccion General de Superior e InvestigacionCientifica.
Jensen, MC, and WH Meckling. 1976. Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Ensenanza Financial Economics, Vol. 13, pp. 305-360. DOI: https://doi.org/10.1016/0304-405X(76)90026-X
Kamaliah, et. al., 2013.The Effect of Leadership Style, Organizational Culture, and Motivation on the Performance of Government Accountants (Empirical Study of BPKP Accountants).Journal of Accounting and Management of the Faculty of Economics.Riau University.
Sari RA, 2012. The Effect of Company Characteristics on Corporate Social Responsibility Disclosure in Manufacturing Companies Listed on the Indonesia Stock Exchange. Nominal / Volume I Journal Number I. 17 p.
Sawir. 2001. Financial Performance Analysis and Financial Planning. Jakarta: Gramedia Reader.
Shleifer, A., R. Vishny. 1986. Large Shareholders and Corporate Control. Journal of Political Economy, 94, 461-488. DOI: https://doi.org/10.1086/261385
Silva, F, and N, Majluf, 2008. Does family ownership shape performance outcomes ?.National Symposium on Accounting IX. Padang. August 23-26, 2006.
Simons Robert. 200. Performance Measurement and Control System Implementing Strategy. New Jersey: Prentice Hall, Inc.
Simamora, Henry. 2006. Accounting for the Main Basis of Decision Making. Jakarta: SalembaEmpat.
Sulistiyowati, Beautiful, Anggraini, Ratna, and Utaminingtyas, TH 2010.Effect of Profitability, Leverage, and Growth of the Dividend Policy with Good Corporate
Governance as an intervening variable.National Symposium on Accounting XIII AKMEN-35.
Suwito and Herawaty. 2005. Analysis of the Influence of Company Characteristics on Income Smoothing Acts conducted by Companies Listed on the Jakarta Stock Exchange. Accounting National Symposium VIII Solo.September.
Perdana, Ida Bagus Putra, RetnoKusumastuti, 2011. Analysis of The Impacts of Family Ownership on a Company's Costs of Debt. Journal of Administrative and Organizational Sciences.Vol. 18, No. 2.
Villalonga, B, and Amit, R, 2006. How Do Family Ownership, Control, and Management Affect Firm Value ?.Journal of Financial Economics, 80: 385-417. DOI: https://doi.org/10.1016/j.jfineco.2004.12.005
Wahidahwati. 2002. Effect of Managerial Ownership and Institutional Ownership on Corporate Debt Policy: A Perspective of Agency Theory. JRAI, Volume 5 Number 1. January: 1-16.
Downloads
Published
Issue
Section
License
Copyright (c) 2020 Yudastio Yuda, Fajar Gustiawaty Dewi, Usep Syaippudin
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Copyrights for articles published in IJIER journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author for more visit Copyright & License.
How to Cite
Accepted 2020-07-18
Published 2020-08-01
Most read articles by the same author(s)
- Cindy Pratama Derila, Einde Evana, Fajar Gustiawaty Dewi, Effect of Environmental Performance and Environmental Costs on Financial Performance With CSR Disclosure As Intervening Variables , International Journal for Innovation Education and Research: Vol. 8 No. 1 (2020): International Journal for Innovation Education and Research
- Dimas Rijalul Fanny, Ratna Septiyanti, Usep Syaippudin, Analysis of factors affecting the audit delay in manufacturing companies listed in Indonesia stock exchange in 2013-2015 , International Journal for Innovation Education and Research: Vol. 7 No. 12 (2019): International Journal for Innovation Education and Research
- Yannisa Rahmawati, Fajar Gustiawaty Dewi, Yuliansyah Yuliansyah, Regional management information system and training for regional financial accountability , International Journal for Innovation Education and Research: Vol. 8 No. 11 (2020): International Journal for Innovation Education and Research
- Levina Rachmawati Putri, Fajar Gustiawaty Dewi, Yuliansyah Yuliansyah, Effect of Compensation on the Performance of Private Higher Education Lecturers with Motivation as an Intervening Variable , International Journal for Innovation Education and Research: Vol. 7 No. 12 (2019): International Journal for Innovation Education and Research
- Dimas Rijalul Fanny, Ratna Septiyanti, Usep Syaippudin, The influence of company performance element, auditor's reputation and repeat audit to length of audit , International Journal for Innovation Education and Research: Vol. 8 No. 4 (2020): International Journal for Innovation Education and Research