ELICITING FAMILY BUSINESS OWNERS ATTITUDE AND PROFESSIONALISM TOWARDS BUSINESS PERFORMANCES

Liliana Dewi, Eko Budi Santoso, Kazia Laturette, Denny Bernardus Kurnia Wahjudono

Abstract


This study is eliciting a family business of family business owners’ attitude and professionalism towards business performances. To analyze the results, we used a method of Multiple Regression statistical software applied to data from 48 Indonesian family businesses. The first important contribution of this work is that Family Business Owners Attitude increase Business Performances increase too. The second contribution is that Professionalism increase Business Performances increase also. Finally, the third contribution of this work is that Owner Responsibilities influence on the performance of family businesses.

Keywords


Business Owners; Performance; Family Business

Full Text:

PDF

References


Alexandra D. (2012). Human Capital in Family Businesses: Focusing on the individual leve . Journal of Family Business Strategy, 3 (2012) 3–11.

Alvi, M. ( 2016). A Manual for Selecting Sampling Techniques in Research MPRA. Paper No. 70218, posted 25 March 2016, 17:01 UTC.

Anderson, R. C., &Reeb, D. M. (2003). Founding-family ownership and firm performance: Evidence from the S&P 500. Journal of Finance, 58(3), 1301–1328.

Aronoff, C. E., & Ward, J. L. (1995). Family-Owned Businesses: A Thing Of The Past Or A Model For The Future?. Family business Review, 8(2), 121-130.

Bachdar, Saviq. (2016). ‘Is the Second Generation Really Enjoying Family Business?’ http://marketeers.com/ benarkah-generasi-kedua-hanya-menikmati-bisniskeluarga/ (diakses tanggal 4 Juli 2018).

Barrett, R. and Mayson, S. (2004), “What are the problems? HRM in small firms”, paper presented at the 17th Annual SEAANZ Conference, Brisbane, September.

Bennedsen, M., Perez-Gonzalez, F., &Wolfenzon, D. (2010). The governance of family firms. Corporate Governance: A Synthesis of Theory, Research, and Practice, 371–390.

Bernardus, Denny, Utami, C.W., and Dewi, L. (2018). The Factor Analysis on Profesionalism in Family Businesses. Review of Integrative Business and Economics Research, Vol. 7, Supplementary Issue 2, 106-115.

Bhat, M. A., Shah, J. A., & Baba, A. A. (2013). A literature study on family business management from 1990 to 2012. Journal of Business and Management, 7(6), 60-77.

Brace, N., Kemp, R. and Snelgar, R. (2006), SPSS for Psychologist: AGuide to Data Analysis Using SPSS for Windows, Palgrave Macmillan, New York, NY.

Cameron, A. C., Frank A.G. W. (1995). Journal of Econometric. Volume 77 issue 2, April 1997.

Dan Jakfar, K. (2012). Business Feasibility Study. Jakarta: Kencana.

Higgins, J. Ed.D. (2005). The Radical Statistician. Used with permission of Author.

Hootman, R.C. (1992). Manual on Descriptive Analysis Testing for Sensory Evaluation, ASTM manual series: MNL 13, ASTM, Philadelphia, PA.

Hutchinson, R.W. (1995). The capital structure and investment decision of the small owner-managed firm: Some exploratory issues. Small Business Economics 7:231–239.

Ilmas, F., Tahir, S., &Asrar-ul-Haq, M. (2018). Ownership structure and debt structure as determinants of discret ionar y accr ual s: An empir i cal st udy of Pakist an. Cogent Economics & Finance, 6(1), 1439254.

Jones, O., Macpherson, A., & Thorpe, R. (2010). Learning in Owner-Managed Small Firms: Mediating Artefacts and Strategic Space. Entrepreneurship and Regional Development, 22(7-8), 649-673.

Kaur S.P. (2013). Variables in research. IJRRMS 2013;3(4). October-December.

Klass, B., McClendon, J. and Gainey, T. (2000), “Managing HR in the small and medium enterprise: the impact of professional employer organizations”, Entrepreneurship Theory and Practice, Vol. 25 No. 1, pp. 107-24.

Kotkin, J. (1984). Why smart companies are saying no to venture capital. Inc 6:65–75.

La Porta, R., Lopez-de-Silanes, F., Shleifer, A., &Vishny, R. (1999). The quality of government. Journal of Law, Economics, and Organization, 15(1), 222–279.

M. Khurrum S. Bhutta, Arif I. Rana, Usman Asad, (2008) “Owner characteristics and health of SMEs in Pakistan”, Journal of Small Business and Enterprise Development, Vol. 15 Issue: 1, pp.130-149

Manning, M.L. and Munro, D. (2006), The Survey Researcher’s SPSS Cookbook, PearsonEducation, Frenchs Forest, NSW.

Marchand, M., and L. Raymond. (2008). “Researching Performance Measurement Systems: An Information Systems Perspective.” International Journal of Operations& Production Management 28 (7): 663–686.

McElwee, G. and Warren, L. (2000), “The relationship between total quality management and human resource management in small and medium-sized enterprises”, Strategic Change, Vol. 9, pp. 427-35.

Mujis. D. (2004). Doing Quantitative Research in Education with SPSS. SAGE Publications Inc. London.

Neubauer, F., and Lank, A.G. (1998). The Family Business: Its Governance for Sustainability. London: Macmillan Press.

Government Regulation of the Republic of Indonesia (2018). Income Tax on Income from Business Received or Received by a Taxpayer Who Has Certain Gross Circulation. 23.

Pratiwi, Dhera Arizona. (2016). ‘To be Global, Family Companies in Indonesia Must Be Unified’. https:// economy.okezone.com/read/ 2016/08/ 24/320/ 1472055/agar-mendunia-perusahaan-keluarga-diindonesia-harus-bersatu (dated 23 May 2018).

Raymond, L., Marchand, M., St-Pierre, J., Cadieux, L., & Labelle, F. (2013). Dimensions of small business performance from the owner-manager’s perspective: are-conceptualization and empirical validation. Entrepreneurship & Regional Development, 25(5-6), 468-499.

Reid, R. and Adams, J. (2001), “Human resource management – a survey of practices within family and nonfamily firms”, Journal of European Industrial Training, Vol. 25 No. 6, pp. 310-20.

Romano, C. A., Tanewski, G. A., & Smyrnios, K. X. (2001). Capital structure decision making: A model for family business. Journal of business venturing, 16(3), 285-310.

Storey, D.J. (1994). Understanding the Small Business Sector. London: Routledge.

TS. (2016). ‘95 Percent of Companies in Indonesia Owned by Fami li es’. ht tp: // ceost ar s. net/ 95-persenperusahaan-di-indonesia-milik-keluarga/ (dated 24 May 2018).

Uyanik, G. K. and Guler, N. (2013). A Study on multiple linear regression analysis. Procedia Social and behavioral sciences 106, 234-240.

Walker, E., Redmond, J., Webster, B., & Le Clus, M. (2007). Small business owners: too busy to train? Journal of Smal l Business and Ent erprise Devel opment, 14(2), 294-306.




DOI: http://dx.doi.org/10.21776/ub.jam.2019.017.02.15

Refbacks

  • There are currently no refbacks.