International Journal of Humanities Education and Social Sciences
Vol 2 No 6 (2023): IJHESS JUNE 2023

Leadership Styles and Financial management of Family Businesses : Case Studies

Umi nandiroh (Universitas Negeri Malang, Universitas Islam malang)
Sudarmiatin Sudarmiatin (Faculty Of Economics And Business, Unvesitas Negeri Malang)
Agus Hermawan (Faculty Of Economics And Business, Unvesitas Negeri Malang)



Article Info

Publish Date
18 Jun 2023

Abstract

This case study examines the relationship between leadership style and financial management in family businesses. Family businesses are unique in terms of their ownership and management structure, with family members often acting as both owners and managers. Therefore, leadership styles play an important role in the financial management of these businesses. This case study examines various leadership styles, including transformational, transactional and paternalistic leadership, and how they influence financial management decisions such as investment, risk-taking and financial performance. The case study, conducted in the Krupuk Rambak Mojokerto MSME community, also explores the role of family dynamics, succession planning and corporate governance in shaping the leadership styles and financial management of family businesses. Overall, the results of the literature review suggest that a combination of transformational and transactional leadership styles, coupled with effective family communication and governance structures, can result in better financial performance in family businesses. However, further research is needed to fully understand the complex interactions between leadership styles, family dynamics and financial management in family businesses.

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Journal Info

Abbrev

ijhess

Publisher

Subject

Humanities Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Social Sciences Other

Description

International Journal Of Humanities Education and Social Sciences (IJHESS) is to provide a research medium and an important reference for the advancement and dissemination of research results that support high-level research in the fields Culture of Education and Social Science Research . Original ...