{"id":"https://openalex.org/W2925633486","doi":"https://doi.org/10.33555/ijembm.v3i1.67","title":"MAJORITY SHAREHOLDER : LARGE SHAREHOLDER, FAMILY OWNERSHIP, INSTITUTION OWNERSHIP AND ITS IMPACT ON FIRM PERFORMANCE","display_name":"MAJORITY SHAREHOLDER : LARGE SHAREHOLDER, FAMILY OWNERSHIP, INSTITUTION OWNERSHIP AND ITS IMPACT ON FIRM PERFORMANCE","publication_year":2018,"publication_date":"2018-11-22","ids":{"openalex":"https://openalex.org/W2925633486","doi":"https://doi.org/10.33555/ijembm.v3i1.67","mag":"2925633486"},"language":"en","primary_location":{"id":"doi:10.33555/ijembm.v3i1.67","doi":"https://doi.org/10.33555/ijembm.v3i1.67","is_oa":true,"landing_page_url":"https://doi.org/10.33555/ijembm.v3i1.67","pdf_url":"https://journal.sgu.ac.id/ijembm/index.php/ijembm/article/download/67/28","source":{"id":"https://openalex.org/S4210223027","display_name":"Emerging Markets Business and Management Studies Journal","issn_l":"2338-8854","issn":["2338-8854","2620-9918"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I100406981","host_organization_name":"Swiss German University","host_organization_lineage":["https://openalex.org/I100406981"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets : Business and Management Studies Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://journal.sgu.ac.id/ijembm/index.php/ijembm/article/download/67/28","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5005848074","display_name":"Artalia Indah Roossiana","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I100406981","display_name":"Swiss German University","ror":"https://ror.org/047rtk203","country_code":"ID","type":"education","lineage":["https://openalex.org/I100406981"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Artalia Indah Roossiana","raw_affiliation_strings":["Swiss German University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Swiss German University","institution_ids":["https://openalex.org/I100406981"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5069339291","display_name":"Yosman Bustaman","orcid":"https://orcid.org/0000-0001-7574-0546","observed_orcids":["https://orcid.org/0000-0001-7574-0546"]},"institutions":[{"id":"https://openalex.org/I100406981","display_name":"Swiss German University","ror":"https://ror.org/047rtk203","country_code":"ID","type":"education","lineage":["https://openalex.org/I100406981"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Yosman Bustaman","raw_affiliation_strings":["Swiss German University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Swiss German University","institution_ids":["https://openalex.org/I100406981"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I100406981"],"apc_list":null,"apc_paid":null,"fwci":0.3241,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.62314564,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":92},"biblio":{"volume":"3","issue":"1","first_page":"16","last_page":"27"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11843","display_name":"Family Business Performance and Succession","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/majority-shareholders","display_name":"majority shareholders","score":0.8339999914169312},{"id":"https://openalex.org/keywords/family-ownership","display_name":"family ownership","score":0.9959999918937683},{"id":"https://openalex.org/keywords/institutional-ownership","display_name":"institutional ownership","score":0.9929999709129333},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.9729999899864197},{"id":"https://openalex.org/keywords/return-on-assets","display_name":"return on assets","score":0.9139999747276306},{"id":"https://openalex.org/keywords/tobin-s-q","display_name":"Tobin's Q","score":0.9909999966621399},{"id":"https://openalex.org/keywords/consumer-goods-companies","display_name":"consumer goods companies","score":0.8769999742507935},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.9160000085830688},{"id":"https://openalex.org/keywords/minority-shareholders","display_name":"minority shareholders","score":0.3370000123977661},{"id":"https://openalex.org/keywords/ownership-structure","display_name":"ownership structure","score":0.4790000021457672}],"concepts":[{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.7685773372650146},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6592487692832947},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5096986293792725},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5013689994812012},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.4277750849723816},{"id":"https://openalex.org/C2779093199","wikidata":"https://www.wikidata.org/wiki/Q338010","display_name":"Shareholder value","level":4,"score":0.42686372995376587},{"id":"https://openalex.org/C202552767","wikidata":"https://www.wikidata.org/wiki/Q1901350","display_name":"Market value","level":2,"score":0.415092408657074},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.40888169407844543},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.37611860036849976},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3245077133178711},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.3116913437843323},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.24298608303070068},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.33555/ijembm.v3i1.67","doi":"https://doi.org/10.33555/ijembm.v3i1.67","is_oa":true,"landing_page_url":"https://doi.org/10.33555/ijembm.v3i1.67","pdf_url":"https://journal.sgu.ac.id/ijembm/index.php/ijembm/article/download/67/28","source":{"id":"https://openalex.org/S4210223027","display_name":"Emerging Markets Business and Management Studies Journal","issn_l":"2338-8854","issn":["2338-8854","2620-9918"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I100406981","host_organization_name":"Swiss German University","host_organization_lineage":["https://openalex.org/I100406981"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets : Business and Management Studies Journal","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.33555/ijembm.v3i1.67","doi":"https://doi.org/10.33555/ijembm.v3i1.67","is_oa":true,"landing_page_url":"https://doi.org/10.33555/ijembm.v3i1.67","pdf_url":"https://journal.sgu.ac.id/ijembm/index.php/ijembm/article/download/67/28","source":{"id":"https://openalex.org/S4210223027","display_name":"Emerging Markets Business and Management Studies Journal","issn_l":"2338-8854","issn":["2338-8854","2620-9918"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I100406981","host_organization_name":"Swiss German University","host_organization_lineage":["https://openalex.org/I100406981"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets : Business and Management Studies Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2925633486.pdf","grobid_xml":"https://content.openalex.org/works/W2925633486.grobid-xml"},"referenced_works_count":32,"referenced_works":["https://openalex.org/W10410450","https://openalex.org/W39436612","https://openalex.org/W604294546","https://openalex.org/W1509420423","https://openalex.org/W1712986410","https://openalex.org/W1969897463","https://openalex.org/W1972264357","https://openalex.org/W1978619613","https://openalex.org/W2030657389","https://openalex.org/W2054000087","https://openalex.org/W2058958581","https://openalex.org/W2095188842","https://openalex.org/W2104217226","https://openalex.org/W2111531639","https://openalex.org/W2135241016","https://openalex.org/W2140512191","https://openalex.org/W2149760970","https://openalex.org/W2168410154","https://openalex.org/W2171288058","https://openalex.org/W2183969940","https://openalex.org/W2184528437","https://openalex.org/W2189257796","https://openalex.org/W2288738298","https://openalex.org/W2943422998","https://openalex.org/W2970971708","https://openalex.org/W3121297842","https://openalex.org/W3122408436","https://openalex.org/W3122602955","https://openalex.org/W4205259656","https://openalex.org/W4256443722","https://openalex.org/W6630325364","https://openalex.org/W6884629684"],"related_works":["https://openalex.org/W4294145655","https://openalex.org/W2898611869","https://openalex.org/W6990078973","https://openalex.org/W2186449109","https://openalex.org/W2164731425","https://openalex.org/W2096763160","https://openalex.org/W4412880561","https://openalex.org/W4310837295","https://openalex.org/W1801257175","https://openalex.org/W83322064"],"abstract_inverted_index":{"We":[0,54],"investigate":[1],"the":[2,18,42,86,92,97,105,135,140,156,163,173],"impact":[3],"of":[4,69,118,146,159,185,198],"majority":[5,145],"shareholder":[6,82,133,147],"that":[7,80,125],"categories":[8],"as":[9,67],"large":[10,81],"shareholder,":[11],"family":[12,98,122],"ownership":[13,16],"and":[14,26,74,99,123,189],"institution":[15,100],"on":[17,35,41,154,172,179],"firm":[19,63,93],"performance":[20,24,28],"measured":[21],"bu":[22],"accounting":[23],"ROA":[25],"market":[27,107,114],"namely":[29],"Tobin":[30],"Q.":[31],"This":[32],"research":[33],"concentrate":[34],"Consumer":[36],"Goods":[37],"Sector":[38],"Companies":[39],"listed":[40],"Indonesia":[43],"Stock":[44],"Exchange":[45],"(IDX)":[46],"covering":[47],"from":[48],"year":[49,52],"2011":[50],"to":[51,149,168],"2014.":[53],"use":[55],"unbalanced":[56],"panel":[57],"data":[58],"analysis.":[59],"After":[60],"controlling":[61,104],"with":[62],"specific":[64],"variables;":[65],"such":[66],"size":[68],"company,":[70,106],"age,":[71],"leverage,":[72],"growth":[73],"macro":[75],"economic":[76],"variables,":[77],"we":[78],"find":[79],"without":[83],"knowing":[84],"who":[85,166],"owners":[87],"are":[88],"do":[89],"not":[90],"effect":[91,117],"performance.":[94],"However,":[95],"when":[96],"become":[101],"dominance":[102],"in":[103,134,195],"reacts":[108],"negatively.":[109],"It":[110],"might":[111],"occur":[112],"because":[113,182],"perceives":[115],"negative":[116],"disgorging":[119],"cash":[120,157],"by":[121],"institutional":[124],"cause":[126],"lower":[127],"distribution":[128],"profit":[129],"for":[130,142,162],"other":[131],"minority":[132],"market.":[136],"Our":[137],"finding":[138],"provides":[139],"signal":[141],"company":[143],"which":[144],"need":[148],"provide":[150],"more":[151],"transparance":[152],"report":[153],"flowing":[155],"flows":[158],"company.":[160],"Additionally":[161],"new":[164],"investors":[165],"expect":[167],"have":[169],"capital":[170],"gain":[171],"investment":[174,186],"must":[175],"take":[176],"fully":[177],"concern":[178],"this":[180,196],"condition,":[181],"their":[183],"value":[184],"could":[187],"decrease":[188],"get":[190],"loss":[191],"if":[192],"they":[193],"invest":[194],"type":[197],"companies.":[199]},"counts_by_year":[{"year":2021,"cited_by_count":1}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2019-04-11T00:00:00"}