Nugraha, Tri Meilisa (2025) THE EFFECT OF PARENTING, HARMONIZING, AND COLLABORATION (PHC) WITH THE MODERATING ROLE OF TRANFORMATIONAL LEADERSHIP ON THE FINANCIAL PERFORMANCE OF FAMILY BUSINESSES IN INDONESIA. Masters thesis, Universitas Tarumanagara.

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Abstract

This study aims to analyse the effect of Parenting, Harmonizing, and Collaborating (PHC) on the financial performance of family firms in Indonesia, with transformational leadership as a moderating variable. The background is based on the important role of family firms in the Indonesian economy, where well-performing family firms contribute significantly to the national Gross Domestic Product, but face major challenges in maintaining continuity and improving financial performance between generations. The research uses a positivistic quantitative approach with data collection through an online questionnaire distributed to founders, family members, and non-family professionals in family firms that have involved at least two generations and have an average revenue above USD 100 million. The questionnaire generated 114 respondents data and was analysed using the Partial Least Square-Structural Equation Modelling (PLS-SEM) method. The results showed that: Parenting has no significant effect on financial performance, and even tends to have a negative effect with a path coefficient of -0.12 (p> 0.05). This indicates that traditional parenting patterns in family companies have not been effective in improving financial performance. Harmonizing has a positive and significant effect on financial performance with a path coefficient of 0.35 (p < 0.01), indicating that harmony between family members can improve company performance. Collaborating also has a positive and significant effect with a path coefficient of 0.28 (p< 0.05), confirming that collaboration between family members and non-family professionals contributes to improving financial performance. Transformational leadership did not act as a significant moderating variable in the relationship between the three PHC variables and financial performance (moderation value p > 0.05), which means that this leadership style does not strengthen or weaken the influence of PHC on financial performance. These findings confirm that harmony and collaboration, both among family members and with non-family professionals, are key factors in improving the financial performance of family firms in Indonesia. Meanwhile, traditional parenting and transformational leadership style do not directly strengthen the influence of PHC on financial performance. The practical implications of this study emphasise the importance of harmonious and collaborative family governance and the need for adjustments in communication and parenting patterns between generations in family firms in Indonesia.
Keywords: Parenting, Harmonizing, Collaborating, Transformational Leadership, Financial Performance, Family Business, PHC.

Item Type: Thesis (Masters)
Subjects: Skripsi/Tugas Akhir
Skripsi/Tugas Akhir > Fakultas Ekonomi
Divisions: Fakultas Ekonomi > Akuntansi
Depositing User: FE Perpus
Date Deposited: 05 Nov 2025 03:45
Last Modified: 05 Nov 2025 03:45
URI: https://repotest.untar.ac.id/id/eprint/48219

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