[RETRACTED] Corporate governance, capital structure, and performance in family and non-family firms

Tyara Dwi Putri; Purbo Jadmiko; Neva Novianti; Giralda Triyani Arista

doi:10.14710/dijb.5.1.2022.24-32

DOI: https://doi.org/10.14710/dijb.5.1.2022.24-32

[RETRACTED] Corporate governance, capital structure, and performance in family and non-family firms

Tyara Dwi Putri , Purbo Jadmiko, Neva Novianti, Giralda Triyani Arista

Universitas Bung Hatta, Padang, Indonesia

BibTex Citation Data :

@article{DIJB14227,
    author = {Tyara Putri and Purbo Jadmiko and Neva Novianti and Giralda Arista},
    title = {[RETRACTED] Corporate governance, capital structure, and performance in family and non-family firms},
    journal = {Diponegoro International Journal of Business},
  volume = {5},
    number = {1},
    year = {2022},
    keywords = {corporate governance; capital structure; performance; family firms; non-family firms},
    abstract = { This article was retracted due to the following reasons. A retraction announcement will be made in Vol 6 (1), 2023.    RETRACTION TO:  Putri, T. D., Jadmiko, P., Novianti, N., & Arista, G. T. (2022). Corporate governance, capital structure, and performance in family and non-family firms. Diponegoro International Journal of Business, 5(1), 24-32. https://doi.org/10.14710/dijb.5.1.2022.24-32 This article has been retracted by Publisher based on the following reason: Letter to Editor from Dr. Dedi Iskamto (Managing Editor of ADPEBI International Journal of Business and Social Science/AIJBS) reported that he found a dual publication for this paper with the paper that was also published in AIJBS Vol. 2 (1), 2022.  After a careful review, we found that the papers have a very significant similarity. Even the data and analysis are exactly the same. We then sent a letter to the corresponding author and the editor of AIJBS asking for clarification.  Based on our correspondence with the corresponding author, she admitted that prior to the submission to our journal, they already made a submission to the AIJBS, but she argued that she had withdrawn the submission before submitting it to our journal. However, our communication with the editor of AIJBS made it clear that the author never formally requested withdrawal. Even after the editor sent the acceptance letter, the editor never received a withdrawal, so they assumed that the author agreed to process the publication. Furthermore, when we asked the author to send proof of withdrawal prior to submission to our journal, she failed to provide sufficient evidence. Based on the communication with the corresponding author and the editor of AIJBS, we conclude that the authors made misconduct, particularly by creating a double submission. The academic community takes this kind of misconduct as a very serious issue. Furthermore, it is clearly mentioned in our author guidelines that \"DIJB cannot accept an article if it is not the author's original work, has been published before (a conference paper could be accepted if it has been revised so that it is significantly different), or is currently under consideration for publication in another journal.\" Therefore, we decided to retract this paper. Apologies are offered to readers of the journal that this was not detected during the submission process. We have conducted careful measures to minimize this misconduct happened by doing a plagiarism screening using Google-based search engines after receiving a submission. However, since we received the paper before it has been published in AIJBS, this made us difficult to detect this misconduct. },
   issn = {2580-4995},   pages = {24--32}  doi = {10.14710/dijb.5.1.2022.24-32},
    url = {https://ejournal2.undip.ac.id/index.php/ijb/article/view/14227}
}

Citation Format:

Abstract

This article was retracted due to the following reasons. A retraction announcement will be made in Vol 6 (1), 2023.

RETRACTION TO:
Putri, T. D., Jadmiko, P., Novianti, N., & Arista, G. T. (2022). Corporate governance, capital structure, and performance in family and non-family firms. Diponegoro International Journal of Business, 5(1), 24-32. https://doi.org/10.14710/dijb.5.1.2022.24-32
This article has been retracted by Publisher based on the following reason:
Letter to Editor from Dr. Dedi Iskamto (Managing Editor of ADPEBI International Journal of Business and Social Science/AIJBS) reported that he found a dual publication for this paper with the paper that was also published in AIJBS Vol. 2 (1), 2022.
After a careful review, we found that the papers have a very significant similarity. Even the data and analysis are exactly the same. We then sent a letter to the corresponding author and the editor of AIJBS asking for clarification.
Based on our correspondence with the corresponding author, she admitted that prior to the submission to our journal, they already made a submission to the AIJBS, but she argued that she had withdrawn the submission before submitting it to our journal. However, our communication with the editor of AIJBS made it clear that the author never formally requested withdrawal. Even after the editor sent the acceptance letter, the editor never received a withdrawal, so they assumed that the author agreed to process the publication. Furthermore, when we asked the author to send proof of withdrawal prior to submission to our journal, she failed to provide sufficient evidence.
Based on the communication with the corresponding author and the editor of AIJBS, we conclude that the authors made misconduct, particularly by creating a double submission. The academic community takes this kind of misconduct as a very serious issue. Furthermore, it is clearly mentioned in our author guidelines that "DIJB cannot accept an article if it is not the author's original work, has been published before (a conference paper could be accepted if it has been revised so that it is significantly different), or is currently under consideration for publication in another journal." Therefore, we decided to retract this paper.
Apologies are offered to readers of the journal that this was not detected during the submission process. We have conducted careful measures to minimize this misconduct happened by doing a plagiarism screening using Google-based search engines after receiving a submission. However, since we received the paper before it has been published in AIJBS, this made us difficult to detect this misconduct.

Fulltext

Keywords: corporate governance; capital structure; performance; family firms; non-family firms

Article Metrics:

Article Info

Section: Articles

Language : EN

In Vol 5, No 1 (2022)

Recent articles

Front matter Back matter [RETRACTED] Corporate governance, capital structure, and performance in family and non-family firms Analysis of CAMEL ratio on financial distress banking companies in Indonesia Analysis of investment strategy in Indonesian consumer goods industry: Benjamin Graham's approach More recent articles

Ahmed, F., Talreja, S., & Kashif, M. (2019). Effects of Corporate Governance and Capital Structure on Firms’ Performance: Evidence from Major Sectors of Pakistan. Indonesian Capital Market Review, 10(2), 90–104. https://doi.org/10.21002/icmr.v10i2.10873
Azis, A., & Hartono, U. (2017). Pengaruh Good Corporate Governance, Struktur Modal, Dan Leverage Terhadap Kinerja Keuangan Perusahaan Pada Sektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2011-2015. Jurnal Lmu Manajemen, 5(3), 1–13
Brigham, E. F., & Ehrhardt, M. C. (2011). Financial Management Theory and Practice South Western Cengage Learning Graphic World. Inc. London
Buallay, A., Hamdan, A., & Zureigat, Q. (2017). Corporate governance and firm performance: evidence from Saudi Arabia. Australasian Accounting, Business and Finance Journal, 11(1), 78–98. https://doi.org/10.14453/aabfj.v11i1.6
Budiman, J. (2015). Corporate Governance, Capital Structure and Shareholder Value of Indonesian Stock Exchange Firms. Jurnal Manajemen Maranatha, 15(1), 75–94
Crutchley, C. E., & Hansen, R. S. (1989). A Test of the Agency Theory of Managerial Ownership, Corporate Leverage, and Corporate Dividends. Financial Management, 18(4), 36–46. https://doi.org/10.2307/3665795
Darwis, H. (2009). Corporate Governance Terhadap Kinerja Perusahaan. Jurnal Keuangan Dan Perbankan, 13(3), 418–430
Fachrudin, K. A. (2011). Analisis Pengaruh Struktur Modal, Ukuran Perusahaan, dan Agency Cost Terhadap Kinerja Perusahaan. Jurnal Akuntansi Dan Keuangan, 13(1), 37–46. https://doi.org/10.9744/jak.13.1.37-46
Hamid, M. A., Abdullah, A., & Kamaruzzaman, N. A. (2015). Capital Structure and Profitability in Family and Non-Family Firms: Malaysian Evidence. Procedia Economics and Finance, 31(15), 44–55. https://doi.org/10.1016/s2212-5671(15)01130-2
Henry, D. (2010). Agency costs, ownership structure and corporate governance compliance: A private contracting perspective. Pacific Basin Finance Journal, 18(1), 24–46. https://doi.org/10.1016/j.pacfin.2009.05.004
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/https://doi.org/10.1016/0304-405X(76)90026-X
Kristianti, I. P. (2016). Analisis Pengaruh Struktur Modal Terhadap Kinerja Keuangan Perusahaan. Jurnal Keuangan Dan Perbankan, 20(1), 56–68. https://doi.org/10.26905/jkdp.v20i1.141
Lukviarman, N. (2004). Etika Bisnis Tak Berjalan di Indonesia: Ada Apa Dalam Corporate Governance? Jurnal Siasat Bisnis, 2(9), 139–156. https://doi.org/10.20885/jsb.vol2.iss9.art2
Mai, M. U. (2020). Pengaruh Struktur Modal Terhadap Kinerja Perusahaan Pada Industri Manufaktur Kriteria Syariah Di Bursa Efek Indonesia. Jurnal Riset Akuntansi Dan Keuangan, 8(1), 159–170. https://doi.org/10.17509/jrak.v8i1.20065
Modigliani, F., & Miller, M. H. (1963). Corporate Income Taxes and the Cost of Capital: A Correction. The American Economic Review, 53(3), 433–443. http://www.jstor.org/stable/1809167
Muawanah, U. (2014). Corporate Governance dan Kepemilikan Keluarga. Jurnal Akuntansi Multiparadigma, 5(2). https://doi.org/10.18202/jamal.2014.08.5024
Nugraha, A. A. (2013). Analisis pengaruh struktur modal terhadap kinerja perusahaan yang tergabung dalam Indeks Kompas 100. Management Analysis Journal, 2(1)
Prasinta, D. (2012). Accounting Analysis Journal PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN. Accounting Analysis Journal, 1(2), 1–7. http://journal.unnes.ac.id/sju/index.php/aaj
Putri, T. D. (2020). Fakultas Ekonomi UMSB 89. Menara Ekonomi, VI(1), 89–97
Rahmatin, M., & Kristanti, I. N. (2020). Pengaruh Good Corporate Governance, Leverage, Struktur Modal Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Pada Perusahaan Sektor Aneka Industri Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ilmiah Mahasiswa Manajemen, Bisnis Dan Akuntansi (JIMMBA), 2(4), 655–669. https://doi.org/10.32639/jimmba.v2i4.623
San Martin-Reyna, J., & Duran-Encalada, J. (2015). Effects of Family Ownership, Debt and Board Composition on Mexican Firms Performance. International Journal of Financial Studies, 3(1), 56–74. https://doi.org/10.3390/ijfs3010056
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The Journal of Finance, 52(2), 737–783
Simões Vieira, E. F. (2014). The effect on the performance of listed family and non-family firms. Managerial Finance, 40(3), 234–253. https://doi.org/10.1108/MF-06-2013-0134
Vieira, E. S. (2016). Debt policy and firm performance of family firms: The impact of economic adversity. Proceedings of The 5th Virtual International Conference on Advanced Research in Scientific Areas, 5(April), 41–54. https://doi.org/10.18638/arsa.2016.5.1.818
WIDYATI, M. F. (2013). Pengaruh Dewan Direksi, Komisaris Independen, Komite Audit, Kepemilikan Manajerial dan Kepemilikan Institusional Terhadap Kinerja Keuangan. Jurnal Ilmu Manajemen (JIM), 1(1)

Last update:

No citation recorded.

Last update:

No citation recorded.

Author(s) Rights

In order for Diponegoro International Journal of Business (DIJB) to publish and disseminate research articles, we need publishing rights (transferred from author(s) to publisher). This is determined by a publishing agreement between the author(s) and DIJB. This agreement deals with the transfer or license of the copyright of publishing to DIJB, while authors still retain significant rights to use and share their own published articles. DIJB supports the need for authors to share, disseminate and maximize the impact of their research and these rights, in any databases.

As an author, you have rights to a large range of uses of your article, including use by your employing institute or company. These Author rights can be exercised without the need to obtain specific permission. Authors publishing in DIJB has wide rights to use their works for teaching and scholarly purposes without needing to seek permission, including:

use for classroom teaching by Author or Author's institution and presentation at a meeting or conference and distributing copies to attendees;
use for internal training by the author's company;
distribution to colleagues for their research use;
use in a subsequent compilation of the author's works;
inclusion in a thesis or dissertation;
reuse of portions or extracts from the article in other works (with full acknowledgement of final article);
preparation of derivative works (other than commercial purposes) (with full acknowledgement of final article);
voluntary posting on open web sites operated by author or author’s institution for scholarly purposes,

(but it should follow the open-access license of Creative Common CC-by-SA License).

Authors/readers/third parties can copy and redistribute the material in any medium or format, as well as remix, transform, and build upon the material for any purpose, even commercially, but they must give appropriate credit (the name of the creator and attribution parties (authors detail information), a copyright notice, an open-access license notice, a disclaimer notice, and a link to the material) and provide a link to the license.

Authors/readers/third parties can read, print and download, redistribute or republish the article (e.g. display in a repository), translate the article, download for text and data mining purposes, re-use portions or extracts from the article in other works, sell or re-use for commercial purposes, remix, transform, or build upon the material, they must distribute their contributions under the same license as the original Creative Commons Attribution-ShareAlike (CC BY-SA).

Copyright Transfer Agreement for Publishing (Publishing Right)

The authors submitting a manuscript do so on the understanding that if accepted for publication, the copyright for publishing (publishing right) of the article shall be assigned/transferred to the Department of Management, Faculty of Economics and Business, Universitas Diponegoro as the publisher of DIJB.

Upon acceptance of an article, authors will be asked to complete a 'Copyright Transfer Agreement for Publishing (CTAP)'. An e-mail will be sent to the Corresponding Author confirming receipt of the manuscript together with a CTAP form by the online version of this agreement.

DIJB, the publisher, and the editorial board make every effort to ensure that no wrong or misleading data, opinions or statements be published in the journal. In any way, the contents of the articles and advertisements published in DIJB are sole and exclusive responsibility of their respective authors and advertisers.

Remember, even though we ask for a transfer of copyright for publishing (CTAP), our journal Author(s) retain (or are granted back) significant scholarly rights as mentioned before.

The Copyright Transfer Agreement for Publishing (CTAP) Form can be downloaded here