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Proceeding of the International Conference on Family Business and Entrepreneurship (ICFBF)
Published by President University
ISSN : -     EISSN : 26203863     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
International Conference on Family Business & Entrepreneurship (ICFBE) is a scientific international conference driven by the livelong aspiration of President University as a center of excellence, especially in the field of family business and entrepreneurship. The conference is organized by the Faculty of Business at President University with the aim of gathering researchers and practitioners to critically share and discuss the latest empirical, conceptual, as well as theoretical findings and trends in a demanding topic. The ICFBE has been held six times from 2017 to 2022. It has succeeded in bringing together researchers and practitioners from various countries over the past five years. The papers presented at ICFBE have been published in various scientific publication outlets both on a national scale in Indonesia and international wide. This website presents the online proceeding of the ICFBE. All papers published in this proceeding have gone through a rigorous peer-review process and scientific principles.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 244 Documents
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THE ROLE OF SOCIAL MEDIA IN ENHANCING EMPLOYEE AND ORGANIZATIONAL PERFORMANCE THROUGH KNOWLEDGE SHARING, COMMUNICATION, AND DECISION-MAKING Lutfia, Dinar Dinasty; Permana, Iman
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5706

Abstract

This study aims to explore the role of social media in improving employee and organizational performance through knowledge sharing, communication, and decision-making. This study was conducted on Bekasi Regency Local Government employees, specifically at the Department of Manpower, with a focus on Generation Z who actively use social media in their daily activities. The research method used is a quantitative approach with a survey as a data collection instrument, which is then analyzed using statistical techniques to test the hypotheses that have been proposed. The study found that knowledge sharing and communication through social media improved employee performance, but had no impact on organizational performance. Meanwhile, decision-making through social media has a positive effect on organizational and employee performance. The limitation of this study is the scope which only covers employees in one particular region, so the results may not be generalizable to other organizational contexts or different generations. Theoretically, this study is expected to make a significant contribution to the literature related to human resource management and information technology. On the practical side, the findings of this research are expected to be a reference for policymakers in formulating a more effective social media utilization strategy in the government work environment.
ONLINE/VIRTUAL ACADEMIC PERFORMANCE OF HOSPITALITY MANAGEMENT STUDENTS: THE CHALLENGES AND COPING MECHANISM Nejar, Joy N.
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5722

Abstract

This study examined the online/virtual academic performance of Hospitality Management Students based on the level of challenges and coping mechanisms. The level of challenges and coping mechanisms the hospitality management students experienced during the synchronous and asynchronous learning with Wi-Fi connection and data connection was determined, and how it affected their academic performances. The respondents of this study were the 202 Hospitality Management Students of Iloilo Science and Technology University, Miagao Campus, composed of second-year to fourth-year level students. The survey questionnaire comprised three sections: the profile of the participants, the challenges in synchronous and asynchronous learning, and the coping mechanism in synchronous and asynchronous learning. It was hypothesized that there is no significant difference between the challenges and coping mechanisms in Hospitality Management Students in synchronous and asynchronous learning. 
The impact of enterprise digital management on manufacturing: Xiaomi Auto HUANG, ZITAO; Waworuntu, Stephanus Remond
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5637

Abstract

In today's global business environment, digital technologies have become crucial for fostering partnerships and creating value connections. The continuous emergence of new digital technologies is reshaping business processes, presenting both challenges and opportunities in a dynamic and competitive market.Companies are navigating a changing landscape marked by technological advancements and evolving consumer preferences, with a notable shift towards personalized products. This shift necessitates flexible production models capable of accommodating diverse products and smaller batch sizes.This paper aims to explore the profound impact of enterprise digital management on the manufacturing industry, with Xiaomi Auto as a case study for indepth analysis. With the rapid development of digital technology, enterprise digital management has become one of the key strategies for the transformation and upgrading of the manufacturing industry. Firstly, the background and significance of digital management in manufacturing are introduced, emphasizing the pivotal role of digital technology in enhancing production efficiency, optimizing supply chains, improving product quality, and meeting market demands. Subsequently, through a comprehensive analysis of Xiaomi Auto digital management practices, the specific effects of digital management on production manufacturing, supply chain coordination, quality management, and marketing are discussed, along with the implementation pathways. Furthermore, the unique characteristics and successful experiences of digital management in Xiaomi Auto are summarized, providing insights and lessons learned for other manufacturing enterprises to emulate. Lastly, the paper anticipates the future trends of digital management in the manufacturing industry, including prospects for intelligent manufacturing, datadriven decisionmaking, and humanmachine collaboration, aiming to provide theoretical support and practical guidance for promoting the digital transformation and continuous innovation of the manufacturing sector.
THE INFLUENCE OF FINANCIAL RATIOS AND MATURITY DATES ON BOND RATINGS CHANGES IN FINANCIAL INDUSTRIES OF THE INDONESIA STOCK EXCHANGE Setiawan, Chandra; Permata, Cinta
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5649

Abstract

A bond rating is an important indicator in fixed-income securities that significantly assesses. The relationship between financial ratios and maturity dates with changes in bond ratings is very important. It provides valuable insights into the issuer's financial health and ability to repay debts within the specified tenor. This research investigates information related to the effect of financial ratios and maturity dates on changes in bond ratings in the Indonesia Stock Exchange using Panel Data Regression for 2017-2022. The result of this study is that maturity date has a negative effect on changes in bond ratings, current ratio does not affect changes in bond ratings, return on asset has a negative effect on changes in bond ratings, the net profit margin has a positive effect on changes in bond ratings, and debt to equity has a positive effect on bond ratings in Indonesia Stock Exchange (IDX). Before investing, investors should look at the bond-issuing company’s financial ratios and bond ratings to get better returns. This study aims to provide a deeper understanding of the credit rating process, help investors make more informed investment decisions, and contribute to the efficient functioning of the Indonesian bond market.
Financial Performance, Abnormal Return, And External Factor On The Share Price Of Service Companies Before And After The Acquisition At IDX Setiawan, Chandra; Maulana, Alfan
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5666

Abstract

The COVID-19 pandemic is a new challenge for all levels of society worldwide, especially for businessowners whose businesses are affected by government policies to suppress the spread of COVID-19.Therefore, expanding is one of the company's strategies for maintaining its business amid these criticalconditions. In this study, there are two objectives where the first topic aims to find out whether there is adifference in financial performance and abnormal returns before and after the company acquires, and thesecond objective is to find out whether there is an effect of financial performance, inflation, and interestrates on the company's stock price. The results of this study on the first topic show that CR, ROA, ROE,TATO, DER, and Abnormal Return do not have significant differences before and after the companyacquires. The results of the study on the second topic show that CR, ROA, ROE, and inflation have asignificant positive effect on changes in the company's stock price. In contrast, TATO, DER, and interestrates significantly negatively affect changes in the company's stock price.Keywords: COVID-19, Financial Performance, Inflation, Interest Rate,
LEADERSHIP INNOVATION PRACTICES AND QUALITY EDUCATION IN CAPIZ Glemer, Ma Fe; Vasquez, Michael B
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5685

Abstract

Leadership is ever-evolving with approaches that employ innovation addressing institutional context-specific challenges while manifesting a level of quality. Employing a mixed-method research approach using explanatory sequential design, this study delves on leadership in the academe to uplift quality education through innovation practices for the development of learners to be globally capable in the future. Hence, this study described, differentiated, and correlated leadership innovation practices and quality education in Capiz as perceived by the 255 randomly selected integrated school teachers and 8 FGD participants coming from the Schools Divisions of Roxas City and Capiz respectively. Frequency, percentage, mean, t-test, ANOVA, and Pearson r were used to analyze the data from researcher-made questionnaires while the qualitative data were thematically analyzed. Results showed that leadership innovation practices as manifested by the school heads were significantly manifested through concrete pieces of evidence in addressing, valuing, and designing strategic innovative practices in terms of service, process, and marketing; quality education was comprehended as significantly manifested through policies and considering issues in the educative process reflective of quality in terms of accessibility, pedagogical leadership, and evidence-based practices; leadership innovation practices had a significant difference only when educational attainment of the respondents was considered; the demographics of the respondents did not affect the quality education; and, leadership innovation practices and quality are mutually dependent. Thus, leadership innovation schemes vis-à-vis school-based management strategies may be considered to enhance innovative facets of school management. Future investigation in leadership, innovation, and quality education is further recommended.
EXTRA-CURRICULAR ENGAGEMENT IN RELATION TO ENGLISH PERFORMANCE OF THE EDUCATION STUDENTS OF COLEGIO DE LA PURISIMA CONCEPCION Villorente, Ivie L.
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5701

Abstract

Extracurricular activities have long been recognized as a valuable component of a well-rounded education, offering students opportunities to explore their interests, develop essential life skills, and enhance their overall well-being. These activities extend beyond the traditional classroom setting, providing a platform for students to engage in diverse pursuits ranging from sports and arts to community service and leadership roles. While the benefits of extracurricular involvement are widely acknowledged, their impact on academic performance, particularly in English language proficiency, remains a subject of ongoing research and debate. This research delved into the intricate relationship between extracurricular engagement and English performance of education students at Colegio de la Purisima Concepcion (CPC). Specifically, this study sought to find answer to the following: level of extra-curricular engagement of education students;  level of English performance of the Education students; and to determine if there is a significant relationship between the extra-curricular engagement and the English performance of the Education students. This study adopted a quantitative-correlational research design. The participants of the study were the selected Education students from all-year levels under the College of Arts, Sciences, and Education (CASE) department of CPC.  The simple random sampling was employed in the selection of the participants of the study. The total respondents were 82 students derived from using the Slovin’s formula. This study utilized a 20-item researcher’s made questionnaire to gather the data.  The questionnaire was divided into two sections. Section A is composed of ten statements to describe the level of student’s extra – curricular engagement, and section B is composed of 10 statements to describe the level of student’s English performance. The panel of experts validated the questionnaire and it was tested for reliability before it was distributed to the respondents.  The permission to conduct the study was secured from the College of Arts, Sciences and Education of Colegio de la Purisima Concepcion School administrators. The researchers distributed the questionnaire to the identified respondents and gave them time to answer the questions by checking the box that corresponds to their answers. Upon the retrieval of the research instruments, the data was then tallied and computer-processed using Statistical Package for Social Sciences (SPSS) software, analyzed and interpreted. Frequency count and percentage were used to find out the number of respondents that belonged to a particular category.  The obtained mean scores were used to describe the extracurricular engagement and English performance of the students. Standard deviation was utilized to determine an indication of how far the individual responses to a question vary or "deviate" from the mean. To determine the relationship between the extracurricular engagement and  English performance of Education students, the Pearson product-moment correlation coefficient was used. The level of significance was set at 0.05. The results of the respondents’ responses with regards to the level of their extra-curricular engagement gained a grand mean score of 2.65, verbally interpreted as “sometimes.” Considering the statement on attending symposiums about English, results indicated that the students often attend such event; and they often participate in English enhancement programs. Sometimes they participate in cultural competition and sometimes join in English organization/club as well. However, results also revealed that the respondents never join in spoken poetry competition; and never engage themselves in a spelling bee contest or in online English competitions. The results of the respondents’ responses with regards to the level of their English performance  gained a grand mean of 3.71 described as  “above average.” The results revealed that the respondents have above average performances in  writing  essays using English language; in participating in oral recitations in their English class; and in speaking English in class. The results also revealed that the respondents have above average performance in  comprehending the English context; in speaking  English with other people; in writing the correct spelling of English word; and in  writing using the English language. Meanwhile, the results further revealed that the respondents are having trouble with their vocabularies, and are having difficulties in pronouncing English words. On the other hand, the respondents are highly inspired in learning English language. The findings revealed a complex interplay between extracurricular engagement and English performance. The students generally demonstrated above-average English performance indicating a strong foundation in the language. The result in determining the relationship between the extra-curricular engagement and the English performance of the respondents revealed a significant relationship. The result suggests that if the students are engaged in extra-curricular activities, they cannot focus in their academics especially in their English performance, but if the students do not participate in any extra-curricular activities at school, they can excel in their performance in English.
FAMILY SUPPORT AND MENTAL HEALTH OF CASE STUDENTS Moron, Redian Bernadette D.
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5717

Abstract

Family support encompasses financial and moral support provided by parents or guardians to their children. The financial and moral support can  help students against the stressors and challenges they face during their educational journey. Some students travel to the city for academic advancement. They need to leave the comfort of their homes, and be separated from their families, but they must do so in order to fulfill their dreams. There are also students who do not need to stay in boarding houses since they live close to the school. The mental well-being of students is also significantly impacted by family support.  Strong family support and positive relationships connects to better mental health state. However, a lack of family support may leave students feeling excluded and frustrated. They cannot focus on their studies, and it may lower their self-acceptance, and makes them feel uncomfortable working with others or having negative connections with others. The central focus of this study was to determine the extent of family support and mental health of CASE students of Colegio de la Purisima Concepcion for the school year 2023-2024. The specific purpose of the study was to find answers to the following: extent of family support of the respondents  in terms of financial and moral support when they are taken as a whole; level of mental health of the respondents in terms of self-acceptance and relationship with others when they are taken as a whole; significant difference in the extent of family support of the respondents who reside at home and those who reside in boarding houses and course enrolled; significant difference in the level of mental health of the respondents who reside at home and those who reside in boarding houses and course enrolled; and to determine the  relationship between family support and mental health of the respondents. The participants of the study were identified as the officially enrolled College of Arts, Sciences and Education (CASE) students of Colegio de la Purisima Concepcion in the first semester of academic year 2023-2024. The respondents of the study were the identified fifty-six (56) out of one hundred eleven (111) CASE students. The research team employed a descriptive correlational method along with the researcher-made questionnaire for this investigation.  The questionnaire was made up of three parts: Part 1 – information on the respondents’ home location which was limited to reside at home and reside in a boarding house; Part 2 - statement on the extent of family support; and Part 3 - statement on the level of mental health. The questionnaire was validated by a panel of experts and was tested for reliability before it was distributed to the respondents. The gathered data were tabulated and analyzed using non parametric statistical methods, such as descriptive statistics, Wilconxon test correlation coefficient and one sample t-test for differences, Kruskal-Wallis and Mann Whitney U Test. The findings of the study show that the respondents have a high level of family support in terms of financial and moral aspects. The result on financial support indicates that students are well supported in their tuition fees;  they are provided with their daily allowance;  their family ensures that they have enough money for their school projects; and they are provided with extra allowances for extracurricular activities. The result on moral support indicates that students received encouragements from family members to study well and to achieve their set goals; family members help them solve problems encountered at school; family members compliment them for good performance at school; they are given  full support when they join in school activities. Findings of the study in relation to the level of mental health of the respondents in terms of self-acceptance and relationship with others reveal a high result. The result on self-acceptance reveals that the respondents  are proud of their  achievements; they accept their mistakes; they are aware of their strengths and weaknesses;  they follow their passion with determination; and they hold on to their values and principles. In terms of relationship with others the respondents stressed that they care and are willing to help others in need; respect others’ opinions; value their relationships with others; can work with others; and collaborate with others. The results on the extent of family support considering the home location and course enrolled by the respondents fail to establish a significant difference. Furthermore, the analysis of data on the level of mental health considering the home location and course enrolled by the respondents indicates a no significant difference result. Furthermore, there is no significant relationship between the extent of family support and level of mental health of the respondents.
RESEARCH ON APPLICATIONS OF CONTINUOUS IMPROVEMENT IN MANUFACTURING COMPANIES Chengqi, Quan; Waworuntu, Stephanus Remond
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5608

Abstract

The ability to continuous improvement is part of an enterprise's core competitiveness. Only by continuous improvement can we better adapt to market changes and social progress and development. This study focuses on the problems of inventory backlog and low production efficiency faced by SZ Company, and deeply analyzes its root causes: inaccurate market demand forecasts, excess inventory caused by batch production mode, time differences between processes and imbalanced production capacity, etc. These problems not only increase capital occupation, but also cover up the deep-seated problems of the production system. In order to solve the above problems, this paper adopts a qualitative analysis method, applies the theory of Toyota Production System continuous improvement, and combines the successful experience of Mazak iSMART Factory project to propose a series of continuous improvement measures based on advanced technologies such as IoT , big data, and AI. By optimizing market demand forecasts and production plans, improving batch production modes, solving time differences and imbalanced production capacity between processes, improving employee skills and production efficiency, and realizing visualization and continuous improvement of the production process. This paper to provide SZ Company with a practical and feasible continuous improvement path combining the latest technology. Continuous improvement is solved the problems of high inventory and low production efficiency. It will help SZ Company significantly improve production efficiency, reduce operating costs, enhance market competitiveness, and ultimately achieve sustainable development and transformation and upgrading
LEADING THE DIGITAL SHIFT: EXPLORING TRANSFORMATIONAL LEADERSHIP IN MADRASAH REFORMS Herdiaty, Intan Shella; Widjaja, Anton Wachidin
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5661

Abstract

This study explores the impact of digital transformation on madrasah reform in Indonesia, focusing on how transformational leadership, collaborative culture, and organizational learning contribute to institutional performance. A mixed-method approach was used, combining quantitative surveys and qualitative interviews with madrasah leaders across Indonesia. The survey examined the relationship between digital transformation and madrasah performance, while the interviews provided insights into leadership and collaboration practices influencing reform. The study finds that digital transformation positively impacts madrasah performance, particularly when supported by transformational leadership and a strong collaborative culture. Transformational leaders play a crucial role in motivating staff to embrace digital tools and fostering a learning-oriented environment. Organizational learning and collaborative practices enhance the success of digital initiatives, ensuring effective reform.The research is limited to madrasahs in Indonesia, focusing primarily on institutional leaders. The findings may not be fully generalizable to other educational systems or cultural contexts. The study contributes to the literature on educational reform by highlighting the importance of digital transformation in Islamic educational institutions. It extends transformational leadership theory by applying it to the context of madrasah reform. Madrasah leaders should foster collaborative cultures to support digital transformation, ensuring that reforms align with both academic and religious goals. This research is one of the few studies examining digital transformation in Islamic educational institutions, offering valuable insights into how leadership and culture drive successful reform.

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