The Iniquitous Influence of Family Ownership Structures on Corporate Performance

@inproceedings{Achmad2009TheII,
  title={The Iniquitous Influence of Family Ownership Structures on Corporate Performance},
  author={T. Yani Achmad and Rusmin Rusmin and John Neilson and Greg Tower},
  year={2009}
}
This study investigates the issue of family ownership for Indonesian companies through a detailed analysis of the ‘ultimate’ share control. A key finding in this study is that ownership type directly impacts on economic performance for Indonesian companies. There are distinct and dramatic differences between the higher return on assets (7.37%) for non-family firms as compared to the far lower profit (1.56%) figures by family-controlled firms. The evidence raises concerns about possible profit… CONTINUE READING

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