Source: Untar Public Relations – CS
The Faculty of Economics and Business (FEB) of Universitas Tarumanagara (Untar) held an international seminar themed Family Firms in Capital Market Research on Monday (15/06/2026). Conducted online, the seminar featured Associate Professor in Accounting at Deakin University, Australia, Assoc. Prof. Arifur Khan, Ph.D., B.Com. (Hons), M.Com., MPP, CGHE, as the keynote speaker.
In his presentation, Prof. Arifur explained that family firms are among the most dominant forms of business organizations worldwide. Approximately 65 to 80 percent of companies globally are family-owned businesses spread across various regions, including Latin America, Africa, the Middle East, Asia, and parts of Europe.
According to him, the prevalence of these companies demonstrates that family businesses not only contribute significantly to economic development but also play an essential role in shaping capital market dynamics and global business practices. He also presented various research findings on the characteristics of family firms and their influence on corporate decision-making and performance in capital markets.
The seminar was moderated by Audit & Assurance Partner and FEB Untar lecturer Ferry Adang, S.E., M.Ak., Ak., CPA., CTA., ASEAN CPA., CRM., CHRM., CBV., CAPM., who facilitated an interactive discussion and encouraged an exchange of ideas between the speaker and participants.
In her remarks, Head of the Accounting Study Program of FEB Untar Linda Santioso, S.E., M.Si., Ak., CA, stated that family firms make significant contributions to the economy. According to her, family firms play a crucial role in driving economic activity and serve as one of the pillars supporting the growth of various industrial sectors in many countries.
Through this seminar, participants not only gained an understanding of the characteristics and contributions of family firms to the economy but also acquired a global perspective on the importance of corporate governance, intergenerational leadership, and institutional factors in determining the success of family firms in capital markets.
(CS/YS)