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"Suksesi adalah proses vital dan tak terelakkan dalam perusahaan keluarga. Tiga variabel, yaitu inisiatif stratejik, socioemotional wealth, dan resources akan diuji hubungannya terhadap kinerja perusahaan pasca suksesi. Penelitian dilakukan pada dua variabel kontrol yaitu perusahaan keluarga dengan family successor dan non-family successor. Hasil penelitian dari 103 responden perusahaan keluarga membuktikan bahwa adanya pergantian CEO dari keluarga dan non-keluarga memiliki pengaruh yang berbeda terhadap kinerja perusahaan. Pengaruh inisiatif stratejik didapatkan hasil sama-sama mempengaruhi kinerja perusahaan, dan pengaruh resources didapatkan hasil sama-sama tidak dapat mempengaruhi kinerja perusahaan pada CEO keluarga maupun non-keluarga. Adapun untuk pengaruh socioemotional pada CEO keluarga akan mempengaruhi kinerja perusahaan, dan pada CEO non-keluarga socioemotional wealth tidak mempengaruhi kinerja perusahaan.

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Succession is a vital and inevitable process in a family company. Three variables, namely strategic initiatives, socio-emotional wealth, and resources will be proven to be related to the company's performance after succession. The research was conducted on two control variables, namely family companies with family successors and non-family successors. The results of a study of 103 family company respondents proved that CEO turnover from family and non-family had a different effect on company performance. The influence of strategic initiatives obtain the same results affects company performance, and the influence of resources to obtain the same results cannot affect company performance in the CEO's family or non-family. The socio-emotional influence on the CEO's family will affect company performance, and the socio-emotional wealth of non-family CEOs does not affect company performance."

"To be effective, the people in charge must give their team a reason to believe in their talents and their ability to get people to work together. Great leadership requires decisiveness, authority, conviction, compassion, amd, most importantly, the ability to set the right example. In "Lead by Example," leadership guru John Baldoni reveals the traits and abilities leaders need to know to inspire others to follow them."

"Tujuan dari penelitian ini adalah untuk menguji hubungan antara keahlian Chief Executive Officer (CEO) terhadap performa perusahaan berdasarkan Tobin's Q. Penelitian ini menggunakan lima variabel karakteristik, termasuk sertifikasi profesional dan pendidikan lanjutan di bidang keuangan akuntansi, usia dan masa jabatan, serta gender untuk menguji karakteristik CEO. Hipotesis diuji dengan menggunakan uji regresi dari 235 observasi tahun perusahaan dari enam negara ASEAN (Thailand, Singapura, Malaysia, Filipina, Indonesia, dan Vietnam) pada tahun 2015. Hasil penelitian menunjukkan bahwa usia dan tenure CEO memiliki hubungan positif dengan performa perusahaan. Studi ini penting karena memberikan bukti tentang hubungan antara karakteristik CEO dengan performa perusahaan. Karakteristik CEO akan memberikan dampak positif bagi performa perusahaan. Untuk membuat keputusan investasi, investor perlu memperhatikan karakteristik CEO karena terbukti dapat mempengaruhi performa perusahaan yang lebih baik.

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The purpose of this study is to examine the association between Chief Executive Officer (CEO) characteristics on firm performance. Firm performance is measured by Tobin's Q; while professional certification and advanced education in finance/accounting, age, tenure, and gender are used to measure CEO's characteristics. The hypotheses are tested using regression analysis using 235 firm-year observation from six ASEAN countries (Thailand, Singapore, Malaysia, Philippines, Indonesia, and Vietnam) in year 2015. The results show that CEO age and tenure have positive association with firm performance. This study is important because it deliveres evidence on the link between CEO characteristic and firm performance. CEO characteristic will give positive impact on companies' firm performance. Overall, to make investment decision, investor need to pay attention on the characteristic of CEO as it is proved can affect better firm performance."