Family in The Business and The Cost of Debt: Evidence from Family Firm in Indonesia
The issue of efficiency in choosing funding sources has become a concern for researchers, especially during the Covid 19 pandemic. Our research seeks to investigate whether family involvement and ownership can contribute to funding efficiency, especially from debt. Then we extended the test to see i...
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| Format: | Article |
| Language: | Indonesian |
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Lembaga Penelitian Universitas Swadaya Gunung Jati
2024-06-01
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| Series: | Jurnal Kajian Akuntansi |
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| Online Access: | https://ejournalugj.com/index.php/jka/article/view/9281 |
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| author | Ade Imam muslim Bimbim Maghriby Dani Ramdani |
| author_facet | Ade Imam muslim Bimbim Maghriby Dani Ramdani |
| author_sort | Ade Imam muslim |
| collection | DOAJ |
| description | The issue of efficiency in choosing funding sources has become a concern for researchers, especially during the Covid 19 pandemic. Our research seeks to investigate whether family involvement and ownership can contribute to funding efficiency, especially from debt. Then we extended the test to see if earnings management behavior could affect family involvement and ownership. For this purpose, we collect family companies that are listed on the Indonesia Stock Exchange for the period 2005 to 2020. The method we use is panel data regression analysis. The results of the study prove that family involvement in management and share ownership is able to contribute to reducing the cost of debt during the covid 19 pandemic. The results also provide empirical evidence that earnings management carried out through abnormal cash flows does not affect family involvement and ownership in contributing to lowering the cost of debt. This research is expected to provide implications for family companies, especially in determining funding decisions from debt schemes. |
| format | Article |
| id | doaj-art-b850baadaf2d417585ba7c2b6245a723 |
| institution | Kabale University |
| issn | 2579-9975 2579-9991 |
| language | Indonesian |
| publishDate | 2024-06-01 |
| publisher | Lembaga Penelitian Universitas Swadaya Gunung Jati |
| record_format | Article |
| series | Jurnal Kajian Akuntansi |
| spelling | doaj-art-b850baadaf2d417585ba7c2b6245a7232025-02-06T13:56:55ZindLembaga Penelitian Universitas Swadaya Gunung JatiJurnal Kajian Akuntansi2579-99752579-99912024-06-0181203110.33603/jka.v8i1.92818525Family in The Business and The Cost of Debt: Evidence from Family Firm in IndonesiaAde Imam muslim0Bimbim Maghriby1Dani Ramdani2Sekolah Tinggi Ilmu Ekonomi EkuitasSekolah Tinggi Ilmu Ekonomi EkuitasSekolah Tinggi Ilmu Ekonomi EkuitasThe issue of efficiency in choosing funding sources has become a concern for researchers, especially during the Covid 19 pandemic. Our research seeks to investigate whether family involvement and ownership can contribute to funding efficiency, especially from debt. Then we extended the test to see if earnings management behavior could affect family involvement and ownership. For this purpose, we collect family companies that are listed on the Indonesia Stock Exchange for the period 2005 to 2020. The method we use is panel data regression analysis. The results of the study prove that family involvement in management and share ownership is able to contribute to reducing the cost of debt during the covid 19 pandemic. The results also provide empirical evidence that earnings management carried out through abnormal cash flows does not affect family involvement and ownership in contributing to lowering the cost of debt. This research is expected to provide implications for family companies, especially in determining funding decisions from debt schemes.https://ejournalugj.com/index.php/jka/article/view/9281family companyfamily involvementcost of debtpanel data |
| spellingShingle | Ade Imam muslim Bimbim Maghriby Dani Ramdani Family in The Business and The Cost of Debt: Evidence from Family Firm in Indonesia Jurnal Kajian Akuntansi family company family involvement cost of debt panel data |
| title | Family in The Business and The Cost of Debt: Evidence from Family Firm in Indonesia |
| title_full | Family in The Business and The Cost of Debt: Evidence from Family Firm in Indonesia |
| title_fullStr | Family in The Business and The Cost of Debt: Evidence from Family Firm in Indonesia |
| title_full_unstemmed | Family in The Business and The Cost of Debt: Evidence from Family Firm in Indonesia |
| title_short | Family in The Business and The Cost of Debt: Evidence from Family Firm in Indonesia |
| title_sort | family in the business and the cost of debt evidence from family firm in indonesia |
| topic | family company family involvement cost of debt panel data |
| url | https://ejournalugj.com/index.php/jka/article/view/9281 |
| work_keys_str_mv | AT adeimammuslim familyinthebusinessandthecostofdebtevidencefromfamilyfirminindonesia AT bimbimmaghriby familyinthebusinessandthecostofdebtevidencefromfamilyfirminindonesia AT daniramdani familyinthebusinessandthecostofdebtevidencefromfamilyfirminindonesia |