Studia Ekonomika

Family versus Nonfamily CEOs in Family Firms: A Multidisciplinary Review of Strategic Choices and Organizational Outcomes

Farah Qalbia, Seger Santoso — Tue, 21 Jan 2025 00:00:00 +0700

This qualitative literature review explores the strategic choices and organizational outcomes associated with family and nonfamily CEOs in family firms. Drawing from multidisciplinary studies, it highlights the contrasting leadership approaches of family CEOs, who emphasize long-term stability and socioemotional wealth (SEW), and nonfamily CEOs, who prioritize professionalization, transformative innovation, and market responsiveness. The analysis reveals that family firms benefit from the complementary strengths of both leadership types, with family CEOs fostering cohesion and legacy, and nonfamily CEOs driving performance and external orientation. Contextual factors such as firm lifecycle, industry dynamics, and governance structures are critical in determining the effectiveness of leadership models. The study underscores the need for adaptive leadership strategies in balancing cultural continuity and professional advancement, offering a nuanced understanding of family firm dynamics.

Business Model Innovation in Small Ventures: A Resource-Based Perspective on Managerial Ties and External Ecosystems

Grace Yulianti, Mohammad Chaidir — Tue, 21 Jan 2025 00:00:00 +0700

This qualitative literature review investigates the role of managerial ties, external ecosystems, and the resource-based perspective in fostering business model innovation (BMI) in small ventures. By examining a range of studies, the review highlights how small businesses leverage managerial ties to access critical resources, knowledge, and networks that enable innovation. Additionally, the review explores the importance of engaging with external ecosystems, such as suppliers, customers, and research institutions, in enhancing the business model innovation process. Drawing on the resource-based view (RBV), the study emphasizes the significance of both tangible and intangible resources for successful innovation. The findings suggest that small ventures with strong managerial ties and dynamic capabilities are more likely to navigate the complexities of BMI. This review contributes to a deeper understanding of the factors that influence business model innovation in small ventures, offering valuable insights for both researchers and practitioners.

Analisis Alokasi Joint Cost dalam Menentukan Harga Pokok Produksi di Adilah Garden

Tue, 21 Jan 2025 00:00:00 +0700

This study discusses the allocation of joint costs in determining the cost of production at Adilah Garden. Joint costs are costs incurred from processing raw materials until the product can be separated. The purpose of this study is to calculate the cost of production using the relative selling value method and compare it with the calculations made by Adilah Garden. The methods used are unstructured interviews and documentation, with source triangulation for data validation. The results show that the calculation of the cost of production through the allocation of joint costs is lower than the method used by Adilah Garden, which indicates the need for improvements in the company's cost accounting system.

Bridging the Gap: Exploring Borrowers' Perspectives on Peer-to-Peer Lending and Financial Literacy in Small Businesses

Mohammad Chaidir, Grace Yulianti — Wed, 22 Jan 2025 00:00:00 +0700

This qualitative literature review explores the perspectives of borrowers in small businesses regarding peer-to-peer (P2P) lending and financial literacy. It examines the growing importance of P2P lending as an alternative financing option for small businesses, especially in contexts with limited access to traditional financial institutions. The review highlights that while P2P lending offers flexibility and accessibility, borrowers' financial literacy remains a critical factor in ensuring successful engagement with these platforms. Limited financial knowledge can lead to poor decision-making and repayment challenges. This study underscores the need for financial education to bridge the gap, improve borrowers' decision-making processes, and enhance the overall effectiveness of P2P lending in supporting small business growth. The findings contribute to a deeper understanding of how financial literacy impacts borrowers' experiences with alternative financing models.

Laju Pertumbuhan, Efektivitas, dan Kontribusi Retribusi Daerah terhadap Pendapatan Asli Daerah (PAD) Kabupaten Sigi Periode 2019-2023

Wed, 22 Jan 2025 00:00:00 +0700

This study aims to determine the growth rate of effectiveness and contribution of regional levies to the original regional income of Sigi Regency during the 2019-2023 period. The method used in this study is descriptive with a quantitative approach. The results of this study indicate that the growth rate of Regional Retribution of Sigi Regency during the 2019-2023 period falls into the unsuccessful criteria with an average percentage of 29.69 percent, and the percentage continues to fluctuate, which in 2019 to 2021 decreased but increased again in 2022 to 2023. The highest growth rate percentage only reached 127.56 percent in 2023, and the lowest was -12.84 percent in 2020. Meanwhile, the effectiveness of regional retribution revenue of Sigi Regency for the 2019-2023 period continues to fluctuate, with an average percentage of 88.44 percent which falls into the fairly effective criteria. The highest percentage of effectiveness reached 100.83 percent in 2020 and the lowest percentage reached 71.78 percent in 2022. And the contribution of regional levies to PAD Sigi Regency for the 2019-2022 period falls into the very low criteria with an average percentage of 03.81 percent. The highest percentage of contribution only reached 07.64 percent in 2023, and the lowest percentage was only 02.05 percent in 2023, so the author hopes that the Sigi Regency Government will be able to increase its Regional Retribution revenues again.