Achmad, Tarmizi and Rusmin, Rusmin and Neilson, John and Tower, Greg (2008) The Iniquitous Influence of Family Ownership Structures on Corporate Performance. The Journal of Global Business Issues, 3 (1).
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This study investigates the issue of family ownership for Indonesian companies through a detailed analysis of the ‘ultimate’ share control. A key finding in this study is that ownership type directly impacts on economic performance for Indonesian companies. There are distinct and dramatic differences between the higher return on assets (7.37%) for non-family firms as compared to the far lower profit (1.56%) figures by family-controlled firms. The evidence raises concerns about possible profit manipulation and the entrenchment of profits.
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculty of Economics and Business > Department of Accounting|
|Deposited By:||Mr. Sugeng Priyanto|
|Deposited On:||01 Sep 2009 12:28|
|Last Modified:||15 Sep 2009 13:43|
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