The impact of family ownership on firm performance: A study on Vietnam

Hà, Nguyễn Minh; Ngoc, Bao Pham; Ngo, Trung Thanh

doi:10.1080/23322039.2022.2038417

Cited by 16 publications

(10 citation statements)

References 37 publications

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“…Based on the above analysis, family ownership has an insignificant positive effect, or it can be concluded that it has no significant effect on financial performance, so the hypothesis (H6) is rejected. This study's results align with previous research, namely Minh Ha et al (2022), who found that family ownership has no significant effect on financial performance. On the other hand, the results of this study are not in line with research conducted by Sanjaya et al (2022), which found that family ownership has a significant negative effect on financial performance.…”

Section: The Effect Of Family Ownership On Financial Performancesupporting

confidence: 90%

The Effect of Family Ownership, Agency Cost, Environmental Performance, Corporate Social Responsibility on Firm Value

Putri,

Cahyadi

2023

ijaeb

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In today's dynamic and competitive business conditions, companies must be able to adapt and have the ability to compete so that company goals can be achieved. Company goals can be reflected through the ability to increase company value. This study aimed to examine the effect of family ownership, agency costs, environmental performance, and corporate social responsibility on firm value with financial performance as mediation. The population of this study were food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2020-2022. The sample in this study used a purposive sampling method and data analysis techniques using SmartPLS 4.0 by testing the direct and indirect effects between the independent and dependent variables. The results showed that family ownership has a significant effect on firm value, agency costs have a significant effect on firm value, corporate social responsibility has a significant effect on firm value, financial performance has a significant effect on firm value, but environmental performance has no significant effect on firm value. Then, family ownership and corporate social responsibility have no significant effect on financial performance, while agency costs and environmental performance have a significant effect on financial performance. Furthermore, based on research on indirect effects, financial performance does not mediate the influence of family ownership, agency costs, environmental performance, and corporate social responsibility on firm value.

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Section: The Effect Of Family Ownership On Financial Performancesupporting

confidence: 90%

The Effect of Family Ownership, Agency Cost, Environmental Performance, Corporate Social Responsibility on Firm Value

Putri,

Cahyadi

2023

ijaeb

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“…However, measuring the Italian market behavior, Pierni et al (2022) asserted that performance peaked in family founded firms. Minh Ha et al (2022) presented interesting findings in the context of Vietnam. Performance was non-linearly related to family ownership.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 95%

Does board activeness strengthen the relationship between structure of corporate ownership and firm performance?

Yuan

Hussain²,

Khalid³

et al. 2023

Front. Psychol.

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This study empirically investigates the moderating effect of board activeness on the relationship between the structure of corporate ownership and firm performance. The objective was evaluated using the hierarchal panel regressions with data from non-financial companies of the Pakistan Stock Exchange from 2009 to 2018, operationalizing the ownership structure as state ownership, associated companies, foreign ownership, ownership concentration, institutional ownership, and family ownership, and firm performance as operating performance, financial performance, and stock market performance. The findings of the study revealed that operating, financial, and stock market performance were favorably influenced by the ownership stakes of the state, associated concerns, institutions, and foreigners. Family interests proved to be diverse for the firm performance. The isolated effect of the board consistently uplifted the firm productivity, but its interactional impact with all the ownership stakeholders postulated differential outcomes for internal and external performance. The study provides valuable insights for policymakers and investors to make optimal strategies to manage ownership interests and enhance value.

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“…Perusahaan keluarga merupakan perusahaan dimana pemegang saham terbesar (pemegang saham pengendali) berada di tangan keluarga baik melalui mekanisme kepemilikan langsung maupun piramida, serta dengan adanya keterlibatan keluarga dalam manajemen perusahaan (Diyanty et al, 2018). Minh Ha et al, (2022) menyatakan bahwa baik istri, suami, ayah maupun ibu (biologis maupun adopsi), anak (biologis maupun adopsi), saudara (biologis maupun adopsi), dan saudara ipar diartikan sebagai definisi dari keluarga yang dapat digunakan untuk identifikasi dalam menentukan definisi pada keterlibatan keluarga dalam manajemen perusahaan. Perusahaan dikatakan milik keluarga apabila keluarga memiliki kepemilikan minimal 10% (cut off 10%) atas saham perusahaan (Al-Ghamdi & Rhodes, 2015; Poutziouris et al, 2015).…”

Section: Konsentrasi Kepemilikanunclassified

Pengaruh Konsentrasi Kepemilikan terhadap Kinerja Perusahaan: Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2016-2020

Indri,

Widowati,

Murni

2024

persi

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Penelitian ini bertujuan untuk membuktikan pengaruh konsentrasi kepemilikan terhadap kinerja perusahaan. Kinerja perusahaan diukur dengan menggunakan Return on Asset (ROA). Sedangkan Konsentrasi kepemilikan diukur dengan presentase kepemilikan saham terbesar (TOP 1). Penelitian ini juga melakukan uji robustness dengan menggunakan presentase kepemilikan keluarga dan presentase kepemilikan institusional sebagai ukuran konsentrasi kepemilikan. Populasi pada penelitian ini terdiri dari seluruh perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2016-2020. Sampel ditentukan dengan teknik purposive sampling dan didapatkan hasil 430 data sampel penelitian. Metode Regresi Linear Berganda digunakan dalam menganalisis hipotesis. Hasil penelitian ini menunjukkan bahwa konsentrasi kepemilikan berpengaruh positif terhadap kinerja perusahaan. Uji robustness dengan menggunakan presentase kepemilikan keluarga dan presentase kepemilikan institusional sebagai ukuran konsentrasi kepemilikan menunjukkan hasil yang konsisten dan mendukung uji utama.

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The impact of family ownership on firm performance: A study on Vietnam

Cited by 16 publications

References 37 publications

The Effect of Family Ownership, Agency Cost, Environmental Performance, Corporate Social Responsibility on Firm Value

The Effect of Family Ownership, Agency Cost, Environmental Performance, Corporate Social Responsibility on Firm Value

Does board activeness strengthen the relationship between structure of corporate ownership and firm performance?

Pengaruh Konsentrasi Kepemilikan terhadap Kinerja Perusahaan: Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2016-2020

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