How Family Business in SME Scale Alleviate Their Business Amid Pandemic

Wijaya, Andreas; Susilo, Sophia Reni

doi:10.2991/aebmr.k.210507.018

Cited by 5 publications

(4 citation statements)

References 6 publications

(10 reference statements)

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“…If the coefficient a1 is not significant, then there is no mediation effect, and the next test is not needed [21].. Third: use the model to test the intergenerational inheritance The impact on the productive investment ratio, focus on the coefficient β1; use the model to verify the impact of intergenerational inheritance and the productive investment ratio on the financialization of family businesses, focusing on y1 and yr. If the coefficient β1 is significant, then when the coefficient rz and when both y1 are significant, it means that the productive investment ratio plays a partial mediating effect [22].…”

Section: Advances In Multimediamentioning

confidence: 99%

The Investigation about the Heritage over Generations for the Family Enterprise and Firms Financialization Process

Liu

2022

Advances in Multimedia

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From the reform and opening up to the present, family businesses have become an important pillar of my country’s national economy and the most essential push power to the advancement of the Economy of China. At present, more and more family firms come to the top of the hill on the heritage over generations. Meanwhile, the right of owning the firm has changed from the inventor or creators to the descendant ones and it is a must for them to inherit to the advancement. The intergenerational inheritance of family businesses has also had a certain impact on the global economy. At present, China’s real economy is in a critical period of transformation and upgrading and industrial upgrading. At the same time, the weakening of the real economy. On the contrary, with the increasing popularity and deepening development of the financial industry, a large number of non-financial companies have turned their investment goals to the financial industry to obtain high returns. Of course, the company’s financialization must have its positive side, and naturally, there is also a negative side. There are opportunities for enterprises to obtain high profits, but there are also great investment and management risks. Therefore, before financial investment, we should also fully consider the business risks borne by family enterprises. In addition, because of the particularity of the ownership of family enterprises in China, there are great differences in many aspects compared with other family enterprises and non-family enterprises abroad and internationally. Therefore, there may be some differences in the impact of corporate financialization on them. This study will further study and analyze the internal factors and modes of family business intergenerational inheritance leading to enterprise financialization based on family emotional wealth theory and representative theory, combined with the process of family business intergenerational inheritance and family business financialization. In the theoretical part, it combs the literature, including the definition of intergenerational inheritance, influencing factors, and inheritance content. Through the empirical test of the intermediary effect, this paper analyzes and studies the direct impact and intermediary effect of the proportion of productive investment on the intermediary effect; the role of family business identity (most important for children), re measure explanatory variables, and use PSM, propensity score matching method to test the robustness of regression results.

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Section: Advances In Multimediamentioning

confidence: 99%

The Investigation about the Heritage over Generations for the Family Enterprise and Firms Financialization Process

Liu

2022

Advances in Multimedia

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“…Various aspects of human life, including economics and business (Amelia, 2023;Wijaya & Susilo, 2021), have been influenced by increasingly rapidly developing technological developments (Ardiansyah, 2023). Indonesia is experiencing rapid development of information technology (Mutiasari, 2020).…”

Section: Introductionmentioning

confidence: 99%

Application of Data Mining Using Methods K-Means Clustering for Clustering Baby Goods Rental Patterns (Case Study: Baby Kha House Store)

Roja' Putri Cintani,

Shafa Aurelia Putri,

Desti Fitriati

2024

J. Ris. Inform.

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A baby item rental business is a practical option for parents who want to fulfill their baby's needs without buying them. Babykhahouse is one of the stores that offer rental services for various kinds of mother, baby, and child equipment. As the volume of data related to rental transactions increases, it is also increasingly difficult to know and understand the rental patterns found at the Babykhahouse store. This research aims to get a rental pattern that can later be a consideration for the store in determining promos and adding stock items. In handling these problems, data mining methods, especially clustering, are applied to group data and classify it based on certain groups. The clustering method used in this research is K-Means Clustering, which generates clusters to find similar rental patterns. In this study, 2 (two) types of clusters were formed, where, based on the 2 (two) clusters, it will be known which products have high and low rental rates. Based on the research, the results are 100 data in cluster 0, or the unsold cluster, and 64 in cluster 1, or the sold cluster. Products included in cluster 1 or in-demand clusters are products with a high level of sales.

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“…According to Belás et al (2015), financial risk management is key to managing business competency because it substantially impacts the company's present and future financial success. Due to its family-dominated ownership structure, thus, family businesses are flexible, quick to adapt, and non-bureaucratic (Wijaya & Susilo, 2021). A handful of MFFB managed to continue operating but with different business models.…”

Section: Introductionmentioning

confidence: 99%

Role of Family and Survival Strategies of Micro-Family Food Business during COVID-19 Pandemic

Azman

Majid

2023

JoTS

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This study aimed to investigate the challenges faced, and strategies adopted by micro-family food businesses (MFFB) in Malaysia and examine the family's role in managing such businesses during the COVID-19 crisis. A qualitative research approach was employed, using semi-structured interviews with MFFB owners. The interviews ceased after six participants, ensuring data saturation and the interpreted data's trustworthiness is explained. The findings revealed that MFFB faced multiple challenges, including a drop in sales, business closure, financial instability, and pressure on fixed costs. Besides, this research captured several unique survival strategies adopted by the MFFB owners, such as generosity towards customers, changes in operation, online advertisements, customer satisfaction surveys, maintaining food quality and prices, initiating takeaway orders, and collaboration with food aggregators. The results indicate that task management, responsibility, and reliance are essential to family-owned businesses as significant business strategies. It implies that family relationships play a significant role in the business's direction and business survival; future directions might compare the results to a larger business capacity. This study sheds light on the role of families in managing MFFB during the COVID-19 pandemic and provides practical implications for policymakers, business owners, and practitioners to support MFFB in overcoming challenges during unexpected adversity. By better understanding the challenges faced and strategies adopted by MFFB, it is anticipated to gain greater insight into how the Malaysian food business can become more resilient in the future.

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How Family Business in SME Scale Alleviate Their Business Amid Pandemic

Cited by 5 publications

References 6 publications

The Investigation about the Heritage over Generations for the Family Enterprise and Firms Financialization Process

The Investigation about the Heritage over Generations for the Family Enterprise and Firms Financialization Process

Application of Data Mining Using Methods K-Means Clustering for Clustering Baby Goods Rental Patterns (Case Study: Baby Kha House Store)

Role of Family and Survival Strategies of Micro-Family Food Business during COVID-19 Pandemic

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