Founder Ceo, Descendants Ceo, And Ceo Characteristics on Company Performance. (Comparative Study of Indonesian and Malaysian Family Companies)
Amount: Founder Ceo, Descendants Ceo, And Ceo Characteristics on Company Performance. (Comparative Study of Indonesian and Malaysian Family Companies)
Author: Debby Mastrinda Retmadi
Item Type: Thesis
Memberships: Master of Management Science Study Program, Faculty of Economics and Business, Airlangga University, Surabaya, Indonesia
Publisher: Airlangga University
Abstract
Indonesian family and Malaysian family company. This research has two research objects. First, the Founder, who has been actively serving as CEO since the founding of the company, and Descendants who have served as CEO. This study uses ROA as a measurement of company performance. The results of the study are as follows: (1) Indonesian Founder CEO has a negative effect on ROA, age of Indonesian Founder CEO has a negative effect on ROA, and the education level of Indonesian Founder CEO has no effect on ROA. (2) The Malaysian Founder CEO has a positive effect on ROA, the age of the Malaysian Founder CEO has a negative effect on ROA, and the education level of the Malaysian Founder CEO has no effect on ROA. (3) Descendants CEO Indonesia has a positive effect on ROA, the age of Descendants CEO Indonesia has a positive effect on ROA, and the level of education of Descendants CEO Indonesia has no effect on ROA. (4) Descendants CEO Malaysia has a positive effect on ROA, age of Descendants CEO Malaysia has a positive effect on ROA, and the level of education of Descendants CEO Malaysia has a positive effect on ROA. All control variables (company size, sales growth, and debt level) have an effect on ROA.
Keywords : Founder CEO, Descendants CEO, CEO Characteristics, Family Company, Indonesia, Malaysia
