THE COMPARISON OF FAMILY'S OWNERSHIP STRUCTURE IN PUBLIC FIRMS: PROFITABILITY RATIO
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Date
2006-11-20
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Indonesian Family Business Network, IEFBA dan Universitas Widyatama
Abstract
From almost 34] companies listed in Jakarta Stock Exchange, some ofthem are family managed business. Like most ofall company, the purpose ofbeing listed in stock exchange market is to raise its market value together with the larger the capital they have. In this paper, the author try to compare the profitability ratio between go public family business (R3) with family ownership structure less than fifty percent and the FB with family ownership more than fifty percent. The analysis use two go public family businesses in the confectionary industry. The study compare the go public FB with capital structure less than fifty percent and the FB with capital structure more than
fifty percent and analyze which FB perform better profitability ratio. The data use 5 years financial reportfrom 200] -2005
From the analysis we found that go public family business with family
ownership less than 50 percent perform better profitability ratio than those
withfamily ownership more 50 percent.
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Keywords
Family Business,, go public,, profitability analysis,, Indonesia confectionary industry, capital structure