The Influence of Good Corporate Governance on Family Business Sustainability

Theresia Dwi Hastuti, Theresia The Influence of Good Corporate Governance on Family Business Sustainability. The Influence of Good Corporate Governance on Family Business Sustainability.

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Abstract

Abstract— Family business is a driving force in economic development in most countries, and its success affects peo�ple's welfare, so that the continuity of family business will determine the development of people's welfare. A good man�agement model is needed, which can support the sustainabil�ity of the family business. Often the sustainability of a family business cannot be maintained due to mismanagement. This study aims to examine whether the factors of good corporate governance affect the sustainability of the family business. GCG factors studied include transparency, accountability, responsibility, independence, fairness and equality. The sample of this research is the owner of the batik business family in Central Java province. There were 90 respondents who owned the family batik business. Data analysis using multiple regression with SPSS software. The findings of this study are that the GCG components including transparency, accountability, and fairness have a positive effect on the con�tinuity of the business family, but responsibility and inde�pendence have no effect on the continuity of the business family. Keywords— Good Corporate Governance, family Business, continuity, sustainability

Item Type: Article
Subjects: 600 Technology (Applied sciences) > 650 Management > 657 Accounting
Depositing User: Ms Theresia Dwihastuti
Date Deposited: 23 Oct 2023 04:17
Last Modified: 23 Oct 2023 04:17
URI: http://repository.unika.ac.id/id/eprint/33417

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