KETERLIBATAN WANITA PADA PERKEMBANGAN KINERJA PERUSAHAAN DENGAN KEKUATAN KELUARGA SEBAGAI VARIABEL MODERATING DI INDONESIA
DOI:
https://doi.org/10.32670/fairvalue.v4iSpesial%20Issue%203.779Keywords:
Family Business, Family Power, Female Involvement, Firm PerformanceAbstract
Firm performance is one of the measurement to measure how effective the management in a company. This study wants to examine whether female involvement and family power can effect firm performance. The purpose of the study is to analyze whether family power can moderate female involvement to firm performance. The sample of this study is all of the family business which listed in the Bursa Efek Indonesia from 2016 until 2020. Total data being used which fits the requirements are 940 data which includes 188 companies each year. This study uses linear regression analysis and for the program being used to test the variables are Statistical Package for Social Sciences (SPSS) dan E-views. The result shows that family power doesn’t moderate female involvement to firm performance.
References
Ahern, K. R., & Dittmar, A. K. (2012). The changing of the boards: The impact on firm valuation of mandated female board representation. Quarterly Journal of Economics, 127(1), 137–197. https://doi.org/10.1093/qje/qjr049
Al-Matari, E. M., Al-Swidi, Kaid, Abdullah Fadzil, & Hanim, F. B. (2014). The Measurements of Firm Performance’s Dimensions. Asian Journal of Finance & Accounting, 6(1), 24. https://doi.org/10.5296/ajfa.v6i1.4761
Assenga, M. P., Aly, D., & Hussainey, K. (2018). The impact of board characteristics on the financial performance of Tanzanian firms. Corporate Governance (Bingley), 18(6), 1089–1106. https://doi.org/10.1108/CG-09-2016-0174
Barrett, M. A., & Moores, K. (2020). The what and how of Family business paradox: Literature-inspired distillations and directions. International Small Business Journal: Researching Entrepreneurship, 38(3), 154–183. https://doi.org/10.1177/0266242619892149
Barrett, M., & Moores, K. (2009). Spotlights and shadows: Preliminary findings about the experiences of women in family business leadership roles. 15(3), 363–377.
Bjuggren, P. O., Nordström, L., & Palmberg, J. (2018). Are female leaders more efficient in family firms than in non-family firms? Corporate Governance (Bingley), 18(2), 185–205. https://doi.org/10.1108/CG-01-2017-0017
Cascino, S., Pugliese, A., Mussolino, D., & Sansone, C. (2010). The Influence of Family Ownership on the Quality of Accounting Information. Family Business Review, 23(3), 246–265. https://doi.org/10.1177/0894486510374302
Collins G. Board, N. (2016). Board diversity and organizational valuation: unravelling the effects of ethnicity and gender. Technological Forecasting & Social Change, 104, 1–15.
D’Amato, A. (2018). Do women perform better in family firms? Exploring the moderating role of. Do Women Perform Better in Family Firms Exploring the Moderating Role of Family Firm Status, 34(1), 1–5.
Darmadi, S. (2013). Do women in top management affect firm performance? Evidence from Indonesia. Corporate Governance (Bingley), 13(3), 288–304. https://doi.org/10.1108/CG-12-2010-0096
Hussain, A. R. M., Sanusi, Z. M., Mahenthiran, S., & Hasnan, S. (2016). Management motives and firm financial misstatements in Malaysia. International Journal of Economics and Financial Issues, 6(4), 18–25.
Huybrechts, J., Voordeckers, W., Vandemaele, S., & Lybaert, N. (2011). The distinctiveness of family-firm intangibles: A review and suggestions for future research. Journal of Management and Organization, 17(2), 268–287. https://doi.org/10.5172/jmo.2011.17.2.268
Jabeen, F., Katsioloudes, M. I., & Das, S. S. (2015). Is family the key? Exploring the motivation and success factors of female Emirati entrepreneurs. International Journal of Entrepreneurship and Small Business, 25(4), 375–394. https://doi.org/10.1504/IJESB.2015.070214
Lee, I. H., Paik, Y., & Uygur, U. (2016). Does Gender Matter in the Export Performance of International New Ventures? Mediation Effects of Firm-specific and Country-specific Advantages. Journal of International Management, 22(4), 365–379. https://doi.org/10.1016/j.intman.2016.05.004
Loyd, D. L., Wang, C. S., Phillips, K. W., & Lount, R. B. (2013). Social category diversity promotes premeeting elaboration: The role of relationship focus. Organization Science, 24(3), 757–772. https://doi.org/10.1287/orsc.1120.0761
Lückerath-Rovers, M. (2013). Women on boards and firm performance. Journal of Management and Governance, 17(2), 491–509. https://doi.org/10.1007/s10997-011-9186-1
Mahadeo, J. D., Soobaroyen, T., & Hanuman, V. O. (2012). Board Composition and Financial Performance: Uncovering the Effects of Diversity in an Emerging Economy. Journal of Business Ethics, 105(3), 375–388. https://doi.org/10.1007/s10551-011-0973-z
Marimuthu, M., & Kolandaisamy, I. (2009). Ethnic and Gender Diversity in Boards of Directors and Their Relevance to Financial Performance of Malaysian Companies. Journal of Sustainable Development, 2(3). https://doi.org/10.5539/jsd.v2n3p139
Rouf, M. A. (2011). The Relationship Between Corporate Governance and Value of the Firm in Developing Countries: Evidence from Bangladesh. The International Journal of Applied Economics and Finance, 5(3), 237–244. https://doi.org/10.3923/ijaef.2011.237.244
Saidat, Z., Seaman, C., Silva, M., Al-Haddad, L., & Marashdeh, Z. (2020). Female directors, family ownership and firm performance in Jordan. International Journal of Financial Research, 11(1), 206–219. https://doi.org/10.5430/IJFR.V11N1P206
Salloum, C., Azzi, G., Mercier-Suissa, C., & Khalil, S. (2016). The rise of women and their impact on firms’ performance. International Journal of Entrepreneurship and Small Business, 27(2–3), 213–246. https://doi.org/10.1504/IJESB.2016.073976
Sharma, P., & Sharma, S. (2011). Drivers of Proactive Environmental Strategy in Family Firms. Business Ethics Quarterly, 21(2), 309–334. https://doi.org/10.5840/beq201121218
Sonfield, M. C., & Lussier, R. N. (2012). Gender in family business management: a multinational analysis. Journal of Family Business Management, 2(2), 110–129. https://doi.org/10.1108/20436231211261862
Taouab, O., & Issor, Z. (2019). Firm Performance: Definition and Measurement Models. European Scientific Journal ESJ, 15(1). https://doi.org/10.19044/esj.2019.v15n1p93
Triana & Asri, M. (2017). the Impact of Female Directors on Firm Performance: Evidence From Indonesia. Journal of Indonesian Economy and Business, 31(1), 19. https://doi.org/10.22146/jieb.21994
Watson, J. (2002). Comparing the Performance of Male- and Female-Controlled Businesses: Relating Outputs to Inputs. 91–100.
Welsh, D. H. B., Kaciak, E., Memili, E., & Zhou, Q. (2017). Work-Family Balance and Marketing Capabilities as Determinants of Chinese Women Entrepreneurs’ Firm Performance. 7(1), 104–126.
Wilson, N., Wright, M., Scholes, L., Wilson, N., & Scholes, L. (2013). Family business survival and the role of boards. Entrepreneurship: Theory and Practice, 37(6), 1369–1389.
Yildiz, S., Meydan, C., Boz, I. T., & Sakal, Ö. (2019). Do the quota applications for women on boards improve financial performance. Sustainability (Switzerland), 11(21). https://doi.org/10.3390/su11215901
Zolin, R., Stuetzer, M., & Watson, J. (2013). Challenging the female underperformance hypothesis. International Journal of Gender and Entrepreneurship, 5(2), 116–129. https://doi.org/10.1108/17566261311328819
