Struktur Kepemilikan Keluarga Terhadap Dividen Studi Perusahan di Indonesia

Studi penelitian ini bertujuan untuk menguji perusahaan yang dikendalikan keluarga yang di proksikan family ownership (kepemilkan keluarga), family generation, dan struktur modal terhadap kebijakan dividen yang diukur dengan dividend payout ratio (DPR) pada seluruh perusahaan keluarga tercacat di Bursa Efek Indonesia 2012-2018. Jumlah observasi 427 dengan menggunakan metode purposive sampling. Hasil regresi berganda menunjukkan bahwa family ownership berpengaruh negatif terhadap kebijakan dividen. Semakin tinggi family ownership semakin rendah dividen yang dibagikan perusahaan. Generasi keluarga pada founder/pendiri berpengaruh positif terhadap kebijakan dividen, generasi penerusnya dan generasi mix tidak berpengaruh terhadap dividen policy. Hal ini menunjukkan bahwa perusahaan yang masih dikontrol oleh pendirinya akan mengeluarkan dividen yang tinggi dibandingkan dengan jika dikontrol oleh generasi penerusnya. Struktur modal tidak berpengaruh terhadap kebijakan dividen Kata kunci: Kontrol Kepemilikan Keluarga, Generasi keluarga, Struktur Modal, Kebijakan dividen

Photographs On A Refrigerator : A Display Of Visual Culture

This project will focus on family based vernacular photography and modes of display, with specific attention paid to the household refrigerator as a framing device. Photographs on refrigerators are in many North American homes. Since the invention of photography, the home has and continues to be an area of display for vernacular family photographs. These displays of family photographs are important to consider because they are an example of how people use photographs in their everyday lives, and provide a representation of a family, generation and culture. This investigation will show that people display similar photographs for similar reasons, and that photographs are a common form of record making and celebration for families. Finally, this project will address vernacular photographs within the context of institutional collections. What collecting biases do vernacular photographs confront, and how does the commonality of vernacular photographs raise new questions about institutional collection practices based on the rarified and the valuable cultural object?

Photographs On A Refrigerator : A Display Of Visual Culture

This project will focus on family based vernacular photography and modes of display, with specific attention paid to the household refrigerator as a framing device. Photographs on refrigerators are in many North American homes. Since the invention of photography, the home has and continues to be an area of display for vernacular family photographs. These displays of family photographs are important to consider because they are an example of how people use photographs in their everyday lives, and provide a representation of a family, generation and culture. This investigation will show that people display similar photographs for similar reasons, and that photographs are a common form of record making and celebration for families. Finally, this project will address vernacular photographs within the context of institutional collections. What collecting biases do vernacular photographs confront, and how does the commonality of vernacular photographs raise new questions about institutional collection practices based on the rarified and the valuable cultural object?

Managerial ability in founding-family firms: evidence from Indonesia

PurposeThe purpose of this paper is to examine the effect of founding-family firms on managerial ability.Design/methodology/approachFounding-family firms are determined by founder and/or family involvement as block holder and as in the firm board. Managerial ability is estimated by data envelopment analysis. Research samples consist of 412 manufacturing firm-years listed in the Indonesian Stock Exchange. Analysis data use random-effect regression as the main analysis and Huber-White regression as an alternative analysis.FindingsThis research finds that founding-family firms have a negative effect on managerial ability. Further, the result shows that lower managerial ability occurred when founding-family firms led by founder and professional CEOs, when other family members involved in the ownership and the board have higher family ownership. It indicates that founding-family firms concern more about family interest, such as family reputation, rather than business needs and best management practice.Research limitations/implicationsLimitation of this research does not occur if the founding-family firms are managed by first, second, third, etc., family generation. Future research expected to consider family generation in founding-family firms management.Practical implicationsThis research can be used by founding-family firms in Indonesia as consideration of management policy formulation that can improve managerial ability.Originality/valueThis research provides new evidence if founding-family firms promote lower managerial ability in emerging market such Indonesian market where family businesses are the root of private businesses which have a major contribution to economics.

L’INTRECCIO DEL GESCHLECHT: TRADUZIONI E ATTRAVERSAMENTI DELL’IDENTITÀ

Riassunto: Tra il 1983 e il 1989 J. Derrida dedica quattro saggi alla parola tedesca Geschlecht e alla sua difficoltà di traduzione. L’intraducibilità di questa parola dipende dalla sua polisemia. Per tradurla, infatti, è necessaria una lunga serie di significanti tra i quali: sesso, razza, specie, genia, genere, famiglia, generazione, genealogia, parentela, stirpe, comunità. L’idiomaticità di questa parolaè un inestricabile intreccio che non consiste nella sua capacità di “stare per” cose diverse a seconda dei contesti in cui la si usa ma nella capacità di innescare la questione del rapporto tra identità e alterità.Abstract: Between 1983 and 1989 J. Derrida dedicates four essays to the German word Geschlecht focusing on its difficult translation. The untranslatability of this word depends on its polysemy. To translate it, in fact, a long series of signifiers is necessary, including: sex, race, species, genìa, genus, family, generation, genealogy, kinship, lineage, community. The idiomaticity of this word is an inextricable intertwining that does not consist in its ability to “stay for” different things depending on the contexts in which it is used, but in the ability to trigger the question of the relationship between identity and otherness.

THE PECULIARITY OF GROWTH AND DEVELOPMENT OF SECOND FAMILY GENERATION FINGERLINGS OF THE TROUT «ROPSHINSKAYA GOLD» ONCORHYNCHUS MYKISS (WALBAUM, 1972). FORMATION OF PEDIGREE FISH GROUP

The fingerlings of second family generation were investigated. A progeny of three families from pair hybridization was compared by color, mass and morphology anomalies frequency. For every studied factor a significant difference was observed for both families and color morphs. Based on multifactor assessment, the fingerlings were selected to pedigree group.

The effect of family ownership and generation on financial literacy

The purpose of this article is to study the effect of family ownership and family generation on financial literacy. To do that, we have analysed a sample of 195 Spanish family businesses, reaching the conclusion that the level of family ownership exerts a negative influence on financial literacy. On the other hand, as family generations advance, financial literacy is favoured. This study benefits professionals and entrepreneurs, since they could, through a series of guidelines, improve financial literacy and, with it, the viability of their respective firms

THE SPECIFIC CHARACTER OF THE ARCHETYPE OF HOME IN THE NOVEL “HOUSE OF DOCTOR DEE” BY P. ACKROYD

The article deals with the specific character of the archetype of home in the novel “The House of Doctor Dee” by P. Ackroyd. The novel of the English writer tells the story of the fate of the famous alchemist and scientist of the 16th century, Doctor John Dee and modern researcher Matthew Palmer. The purpose of the article is to determine the specific character of the archetype of home in the novel “The House of Doctor Dee” by P. Ackroyd in an individually-authored interpretation. The classical understanding of home is a connection with the family, generation, protection and support, shelter and spiritual comfort. In the second half of the 20th century the archetype of home is significantly problematic. “Home” ceases to be perceived as an exclusively “private” locus, even if it has absorbed all the wealth of the souls of its inhabitants, additional inclusions appear, most often of an existential universal plan. The literature of the postmodern era with its “sensitivity” to the world around it, i.e. with the desire to outline the problems of a wide range (philosophical, historical and others), continues to include “home” in the complex context of life. In this regard, P. Ackroyd’s novel “The House of Doctor Dee”, in which mysticism and reality are intertwined together, is of particular interest. The house of Doctor Dee seems to Matthew full of mystical phenomena and becomes a centre, including different time layers. The house in the novel “The House of Doctor Dee” by P. Ackroyd loses archetypal characteristics at all levels (despite the fact that Matthew is changing his attitude to his adoptive mother), from psychological (strong family ties, attention, understanding) to physical and social (protection, stability). All the fundamental mythological motifs of stability, which usually characterize the archetype of the house – the symbolic constancy of the place, the important role of higher female and male creatures (parents, teachers) as a kind of “good guardians” and mentors, the presence of children as a bastion of eternal renewal – are subjected to internal and external corrosion, destruction, and make the idea of returning home impossible. In addition, the house itself acquires the features of the homunculus, it disintegrates and reborn, but in each century in its own way.

Managing the Tradition and Innovation Paradox in Family Firms: A Family Imprinting Perspective

Long-established family firms are endowed with a bundle of beliefs and practices that constitute their tradition. However, to remain competitive, they need to renew their products and production processes. Such forces pulling toward the past and the future, antithetically calling for continuity and change, seem paradoxical. In an abductive analysis of eight long-established family firms in Turkey, we identify four equifinal strategies to manage this paradox. Adopting a family imprinting perspective, we theorize how the long-lasting legacy of previous family generations shapes different approaches to innovation and tradition depending on the content imprinted on the current family generation. Contributing to family business, imprinting and innovation research, we identify the new construct of temporal symbiosis as a firm’s simultaneous adoption of retrospective and prospective approaches to using its resources to concurrently perpetuate tradition and achieve innovation, highlighting its crucial role as a shield of the past and engine for the future.