Family Firm Responses in Indonesia

Marleen Dieleman and Peter Post
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Marleen Dieleman: corresponding author National University of Singapore 1 Business Link, Singapore 117592
Peter Post: Netherlands Institute of War Documentation Herengracht 380, 1506 RC Amsterdam, The Netherlands

Economics and Finance in Indonesia, 2009, vol. 57, 25-46

Abstract: We investigate organizational change in family firms under conditions away from equilibrium, and look at family firm strategy in the face of external shocks. To better understand how organizations behave under such conditions, we carried out two longitudinal studies of family firms in Indonesia, in which we investigate the effects of violent regime change on family business strategy. Interpreting our results within the framework of punctuated equilibrium, we explicate 1) the positive effect of social capital on family firm governance during periods of equilibrium and its negative effects during periods of regime change; and 2) internal factors facilitating or impeding survival in the face of regime change such as generational change in leadership and alignment with new regime ideology. Our results show that internal factors are interdependent with external conditions, but both matter for survival or demise.

Keywords: Change; Punctuated Equilibrium; Family firms; Emerging Markets (search for similar items in EconPapers)
JEL-codes: C62 D1 L20 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:lpe:efijnl:200902

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