• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.863-873
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• 2021

The purpose of this research is to examine the effect of family share ownership on the value of family companies and differences in the value of the firm - a family firm managed by family members and a family firm managed by non-family members. This research is also related to agency problems, namely share ownership and professional management can increase company value. This research uses the firm value as the dependent variable that is measured using Tobin's Q. Meanwhile the independent variable in this research is family ownership, and firm size is the control variable. The purposive sampling method was used to determine the sample for this research. The object of this research is 78 family companies listing on the Indonesian Stock Exchange in 2017. The hypothesis is tested by using multiple linear regression analysis which meets the analysis requirements test or classic assumption test. The results show that majority family ownership does not affect the value of the firm and there is no difference in the firm value of family firm led by family members and the firm value of family firm managed by non-family members.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.69-79
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• 2021

Good Corporate Governance (GCG) has been implemented by companies, especially companies that have gone public. However, many local companies still have not applied the principles of GCG. This study examines the implementation of the CG concept which is not fully implemented in family businesses in Indonesia. Besides, this research also aims to find out the role of the Internal Audit function in enhancing GCG practices. This research is a qualitative study that uses in-depth interviews, observation, and data triangulation, to gather evidence from exploratory case studies conducted in three family business firms. The results of this study found that CG is essential for the successful run of family businesses. After analyzing the data, we developed a new theory called Islamic Integrity Governance. The Internal Auditor plays a key role in improving GCG and a vibrant and agile internal audit function can be an indispensable resource supporting sound corporate governance. The internal auditor provides objective assurance and insight on the effectiveness and efficiency of risk management, internal control, and governance processes. Therefore, the Internal Auditor is an important pillar for effective and efficient GCG implementation. This theory concludes several concepts such as THTCL (Trustworthy, Honest, Transparent, Creative, Loyal). Internal auditors are needed because the concept of control is useful for improving GCG in business.

• 중소기업연구
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• 제42권2호
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• pp.69-92
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• 2020

본 연구는 우리나라의 경제발전에 크게 이바지하는 가족기업의 성장·발전을 큰 목적으로 하되 구체적인 연구목적은 첫째로, 우리나라 가족기업의 연구동향과 현황을 고찰하고 이를 미국 등 선진국의 그것과 비교하여 본다. 둘째로, 우리나라의 가족기업 연구를 활성화시키기 위한 주요 과제를 살펴보고자 한다. 아울러 이 분야의 관심증대와 더불어 관련연구자를 증대시키려는 데에 이바지 하고자 한다. 본 논문의 연구대상은 우리나라에 가족기업이 본격적으로 연구되기 시작한 2006년부터 2018년까지 13년 동안 전문 학술지에 발표된 논문 212편과 석·박사 학위논문(일반대학원) 112편, 총계 324편을 대상으로 한다. 실증분석 결과 발표논문은 초기보다 점점 증가하고 있지만 최근에 들어와 다소 감소추세에 놓이고 있다. 또한 내용분석으로 가족기업의 정의는 구체적인 정의가 없거나 여러 학자들의 주장을 단순 나열한 논문이 학술지 57.5%. 학위논문 33.9%로 나타나고 있었다. 연구의 유형은 개념연구인 질적 연구는 소수이며 실증연구가 대부분을 차지하고 있었고, 연구주제 역시 학술지와 학위논문 모두 경영관리와 경영전략, 승계, 재무회계, 경영성과가 큰 비중을 차지하고 있었다. 즉 우리나라 가족기업 관련 연구는 미국의 유아기에 해당한다고 볼 수 있겠다. 향후 과제는 첫째로, 가족기업 관련 이론구축과 더불어 본질적인 문제인 가족기업의 정의부터 고민하는 질적 연구의 증대에 좀 더 많은 노력을 기울어야겠다. 둘째로, 연구의 분석수준으로 기존의 개인, 집단, 조직에다가 가족을 중요한 분석수준으로 삼아야겠다. 셋째로, 연구주제와 연구영역의 확대를 꾀하여야겠다. 가족기업의 기존의 연구영역인 중소·중견기업 위주에서 대기업과 재벌도 포함하는 연구가 절실히 필요하다. 또한 연구의 주제도 가족기업의 특성인 학제적인 학문에 적합한 다양한 학문의 도입, 예를 들면 가족학, 심리학, 사회학의 이론도 적절히 도입하는 것이 필요하리라 여겨진다. 넷째로, 연구의 인프라 구축을 들 수 있겠다.

• 정보처리학회논문지D
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• 제15D권5호
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• pp.621-628
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• 2008

오늘날 대부분의 기업들은 외부상황에 신속하게 비즈니스를 바꿀 수 있도록 하는 온디맨드 비즈니스 (On-demand business)를 구현하기 위해 IT 시스템의 유연성을 필요로 한다. 서비스 지향 아키텍처(Service Oriented Architecture: SOA)는 온디맨드 운영환경에서의 비즈니스 유연성을 가능하게 하는 인프라스트럭처 (infrastructure)를 제공한다. 오늘날의 이러한 요구사항을 충족시키기 위하여 SOA 애플리케이션 개발에 맞게 비즈니스 프로세스의 유연성을 확보하고 재사용을 증진시키기 위한 접근법이 필요하다. 그러므로 본 논문에서는 소프트웨어 프로덕트 라인 방법의 가변성 분석 기법을 사용하여 비즈니스 프로세스 패밀리 (family)에서 나타날 수 있는 가변성을 분석하고 이를 명시적으로 비즈니스 프로세스 패밀리 모델 (Business Process Family Model: BPFM)로 표현하는 방법을 제시한다. 또한 이 방법의 사용을 지원하기 위해 개발한 도구에 대해 설명한다. 이는 BPFM을 모델링하고 BPFM으로부터 가변성 결정과 가지치기 과정을 거쳐 자동 비즈니스 프로세스 모델 (Business Process Model: BPM)을 생성하는 기능들을 가지고 있다. 본 논문에서 제시하는 비즈니스 프로세스 패밀리의 가변성 분석을 통하여 비즈니스와 이를 지원하는 IT 시스템은 비즈니스 환경의 변화에 신속하게 대응할 수 있게 된다.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.169-178
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• 2021

This research aims to test, firstly, how the disclosure of corporate social responsibility (CSR) helps to moderate the effect of family ownership on investment efficiency; secondly, how CSR disclosures mediate the effect of corporate governance on investment efficiency. STATA was used to analyze archival data collected from a total sample of 210 manufacturing companies listed on the Indonesian Stock Exchange (IDX), which were in the family businesses category for the period of 2016-2018. The first finding is that CSR moderates the effect of family ownership on investment efficiency. This implies that family businesses are very careful about investing. They will avoid risky decisions that may increase the economic wealth, but reduce the socio-emotional wealth. To maintain socio-emotional wealth, they tend to choose an underinvestment strategy and are more concerned with the prestige and good reputation of their families and dynasties than with economic wealth. Thus, CSR disclosures can reduce the underinvestment strategy of family businesses listed on the IDX. The second finding is that CSR disclosures are able to mediate the effect of corporate governance on investment efficiency. CSR activities play a major role in decision-making, and through CSR disclosures, corporate governance has a greater effect on investment efficiency.

• 한국컴퓨터정보학회논문지
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• 제22권12호
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• pp.171-178
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• 2017

Investigations into family-friendly company culture have been carried out for various companies and conglomerates. But there has never been such investigation for police organization, so this investigation is intended to see the effect on organizational commitment and job performance of the organization culture that makes use of family-friendly program for the police organization. To this end, how the internal factors of family-friendly organization culture affects organization commitment and job performance is empirically analyzed with structural equation modeling. And it is found that family-friendly program has significant effect on organizational life and welfare, and the welfare, in return, is found to have significant effect on job performance.

• 가정과삶의질연구
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• 제33권4호
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• pp.19-32
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• 2015

The purpose of this study is to examine the influence of the organizational characteristic and workers characteristics of Family Business Organization on its Business Performance. The subjects of this study were workers of healthy family support centers and multicultural family support centers. A survey was conducted from July 30th to September 30th. A total 372 materials were used for analysis of final data and SPSS(Statistical Package for the Social Sciences) WIN 18.0 program was employed in analyzing the collected data. As the result of analysing the effect of organizational characteristics and culture and characteristics of workers on business performance through hierarchical regression analysis, higher performance was achieved when the agency's organizational culture has the characteristics of a developed culture, and when the operating body is a school principal corporation rather than a non-profit corporation, and in the city rather than farming town, having enough information and external resources at the center, and when the job satisfaction of workers are high, and when organizational culture is more hierarchical. There were difference in the result of analysing the effect of organizational characteristic and culture and characteristic of workers on business performance. The level of service and business value of Family Service Organization was higher when the agency's organizational culture has the characteristics of a developed culture, hierarchical culture and agreement culture, and when operating body is a school principal corporation rather than a non-profit corporation, having enough information and external resources at the center, and the administrative skills of workers are higher. Business volume is increased when the operating body is a school principal corporation rather than a non-profit corporation, and in the city rather than farming town, and when the agency's organizational culture has the characteristics of hierarchical culture and agreement culture, having enough external resources at the center, and the practicing ability of workers are higher. When it comes to business efficiency, it is increased when the agency's organizational culture has the characteristics of developed culture and the job satisfaction of workers are high, having enough external and financial resources at the center. Therefore we will need to enhance business performance through improved management and job satisfaction of employees in organizational culture.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.679-688
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• 2021

This study aims to verify family ownership's effect on earnings management by using corporate governance as the moderation variable. This study uses data panel regression with the period of 2011-2017. Corporate governance consisted of three dimensions, namely the board of commissioners, share ownership and transparency, and disclosure and auditing. Discretionary accruals measure earnings management with a model that controls company performance. Samples are manufacturing companies listed on Indonesia Stock Exchange. Observations were conducted on 198 firms throughout the year. The results indicated that corporate governance significantly affected earnings management. However, it declined the significance of family ownership toward earnings management. Hence, corporate governance can reduce earnings management. Furthermore, of the three components of corporate governance: the board of commissioners, shareholding, and transparency, the term shareholding precisely encouraged managers to conduct earnings management. Besides, the three core bodies of corporate governance lowered the significance of shareholding toward earnings management. This study's findings suggest that in family firms in Indonesia, earnings management is becoming more intensive than in non-family firms. Additional tests show that there is an entrenchment effect on family firms in Indonesia. Furthermore, corporate governance leads to earnings management.

• 한국콘텐츠학회논문지
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• 제18권9호
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• pp.375-389
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• 2018

가족기업의 성공적인 승계는 기업의 영속성에 큰 영향을 미치는 매우 중요한 사안이다. 성공적인 승계에 영향을 미치는 요인 중 가족기업의 후계자요인이 중소기업 경영자가 가지고 있는 기업가정신과 기업의 경영성과에 미치는 영향을 확인하였다. 본 연구는 현재 승계가 완료되거나 진행되어 실제 기업을 경영을 하는 경영자를 대상으로 실증적으로 분석하였다. 승계요인은 후계자 교육훈련과 후계자 승계의지로 하였고 기업가정신은 혁신성, 위험감수성, 진취성으로, 경영성과는 재무적 성과와 비재무적 성과로 구분하였다. 분석결과 승계요인 중 후계자 교육훈련은 경영성과, 기업가정신 모두에 유의한 영향을 미치며, 후계자 승계의지는 비재무적 성과, 혁신성, 진취성에는 유의한 영향을 미치지만 재무적 성과, 위험감수성에는 유의한 영향이 없는 것으로 나타났다. 또한, 기업가정신의 위험감수성은 경영성과에 유의한 반면, 혁신성과 진취성은 모두 유의하지 않았다. 본 연구결과에 따르면 승계 가족기업에 있어서 후계자 교육훈련과 후계자 승계의지는 경영성과와 기업가정신에 상당한 영향이 있음을 확인하였다.

• 산경연구논집
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• 제8권5호
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• pp.35-42
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• 2017

Purpose - This study investigated small business members' cognition of happiness in accordance with changes of employment environment at the nation's industrialization. The study verified effects of labor workers' psychological wellbeing conditions upon life satisfaction as well as the effects of job burden and family burden of employment instability. Research design, data, and methodology - The subjects were small business workers in Seoul and Metropolitan areas. The author collected 150 copies of effective questionnaires. Regression analysis, hierarchical analysis and 3-stage mediation regression analysis were done. Results - The findings of this research was that psychological wellbeing factors alleviated job burden and family burden to increase satisfaction with life. Employment instability moderated between job burden and satisfaction with life, job burden between environmental control and satisfaction with life, and family burden between goal and satisfaction of life. Members needed sub factors of psychological wellbeing, especially reflection for self-acceptance. Conclusions - This study inspected effects of small business workers' psychological wellbeing upon life satisfaction at changes of management environment as well as labor environment to verify effects of job burden, family burden and employment instability and to find out conditions of human resources management from point of view of small business and workers.