STUDI FENOMENOLOGI: MEMAKNAI TATA KELOLA PERUSAHAAN PADA BISNIS KELUARGA BERETNIS TIONGHOA DI INDONESIA
Authors: Lestari R. A. Widyanti Diah 
Published: February 2022

<span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em>Family business in Indonesia has contributed more than half of Gross Domestic Product (GDP).</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> This makes the presence of family businesses, especially ethnic Chinese, an interesting</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> phenomenon to be studied further. There is still a little theory and research that has been done to</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> explore what happens to ethnic Chinese entrepreneurs because they build successful companies</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> and then transfer to the next generation. So this study aims to gain understanding, interpret</em><br /><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em>meaning, and state actions taken by parties involved in family business practices, especially those</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> related to the governance, succession and organizational culture of Chinese ethnicity in Indonesia.</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> The results of the literature study show that the source of strength of ethnic Chinese family</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> businessmen lies in their behavior, where in general the social behavior of ethnic Chinese</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> communities still refers to the beliefs of Confusionism teachings and traditional cultural values of</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> their ancestors. The key to success in doing business with Chinese people is better known as the</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> Guanxi, Ganqing, and Xinyong trilogy, which are the characteristics of human relations in the</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> business world that still need to be explored more deeply whether it is appropriate to apply in</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> Indonesia. In running an ethnic Chinese family business, family members are the main character.</em><br /><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em>To avoid agency conflicts and to perpetuate companies that have been pioneered by its</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> predecessor, in some Chinese ethnic family companies in Indonesia a good governance in family</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> business has been implemented through the distribution of share ownership (there is a percentage</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> of ownership), then also a transparent succession process (starting from the deepest family) with</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> the selection process and the transition stage. The progress of a family company can be</em><br /><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em>demonstrated by increasingly clear rules regarding ownership, management and governance.</em><br /><span style="font-family: CIDFont+F3; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><strong><em>Keywords: family corporate governance, trilogy (Guanxi, Ganqing, and Xinyong)</em></strong></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br style="font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" /></span>