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Showing 2 results for Firm Performance
Analysis of Green Supply Chain Management Factors for Improving Firm Performance in Food Industry
Muhammad Asrol, Muchammad Arief, Hendra Gunawan,
Volume 34, Issue 3 (9-2023)
Abstract
The food industry's supply chain primarily relies on materials that are not environmentally friendly. To address this issue and improve overall performance, the implementation of Green Supply Chain Management (GSCM) becomes crucial. The objective of this research is to analyze the factors influencing the adoption of GSCM and its impact on the performance of the food industry, particularly in Indonesia where there is a high potential for waste production and environmental impact. The study targeted 83 food industry companies as respondents, achieving a response rate of 76.82%. The research employed a Partial Least Squares (PLS) and statistical analysis approach to test hypotheses regarding food industry performance. The findings indicate that GSCM does not directly affect food industry performance. However, GSCM has a positive influence on Green Innovation, which in turn has a positive impact on Company Performance. Green Innovation acts as a mediator between GSCM and Corporate Performance. The implementation of a GSCM at the food industry not only enhances environmental performance but also to improved economic performance. It is emphasized that renewable company innovations should be integrated alongside the adoption of green supply chains. The study highlights that the positive effects of the GSCM  are more significant when mediated by green innovation.
 
Understanding the Interplay of Family Ownership, Board Composition, and Performance in Unlisted Family Businesses
Nawar Muneer J. Algthami, Nazimah Hussin,
Volume 34, Issue 4 (12-2023)
Abstract
This study investigates the relationship between family ownership, board composition, and the performance of family businesses, with a focus on unlisted family enterprises. While much attention has been given to studies on listed family firms versus non-family firms, unlisted family businesses play a significant role in economies worldwide. The research used the PRISMA statement 2020 to select relevant articles and employed VOS viewer software for data analysis. The results reveal four significant research areas: interlocking directorates, family ownership, board composition, and performance of unlisted firms. Interlocking directors positively influence the performance of unlisted family firms, and the presence of knowledgeable board directors positively impacts strategic planning decisions. Notably, differences arise between family firms led by the first generation and those by subsequent generations. Independents and affiliates on the board enhance performance when the first generation runs the firm. The findings provide new insights into the role of board directors in the corporate governance of unlisted family businesses.

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