Presenters: Muhammad Nur Alam Muhajir, Andi Muh Almahdy, Alda, Syahrul Fitra
Affiliation: Palopo State Islamic Institute
Room: 1 (Online)
ICIES News: At the 4th International Conference on Islamic Economics Studies (ICIES) 2024, researchers from Palopo State Islamic Institute presented a compelling study titled “A Model For Forming Business Resilience In Indonesia: A Family Business Perspective.” The presentation, held online in Room 1, was delivered by Muhammad Nur Alam Muhajir, Andi Muh Almahdy, Alda, and Syahrul Fitra.
The study focuses on the resilience of family businesses in Indonesia amidst the country’s slowing economic growth, emphasizing the roles of anthropomorphism, innovation capabilities, and Islamic business ethics. The researchers employed a quantitative approach, using questionnaires and Structural Equation Modeling Partial Least Square (SEM-PLS) for data analysis. The study involved 180 middle to upper-level family business owners across Indonesia.
Key findings of the research revealed that anthropomorphism—attributing human characteristics to non-human entities—significantly enhances family business resilience. Innovation capabilities also play a crucial role in bolstering resilience. However, the study found that Islamic business ethics did not significantly moderate the relationship between anthropomorphism and business resilience.
The implications of these findings are significant for family businesses seeking to navigate economic challenges. By understanding and leveraging anthropomorphism and innovation, family businesses can strengthen their resilience and adaptability in uncertain economic environments. The study suggests that while Islamic business ethics are important, they do not necessarily influence the resilience dynamics when combined with anthropomorphism.
This research offers valuable insights for policymakers, business leaders, and academics interested in the sustainability and growth of family businesses. The findings encourage further exploration into the factors that contribute to business resilience, especially in culturally diverse and economically volatile regions like Indonesia.
The presentation concluded with an engaging Q&A session, where attendees discussed practical applications of the research and potential areas for future study. The session highlighted the relevance of the research in today’s economic landscape and its potential impact on the development of resilient family businesses.
For more information and access to the detailed research findings, conference participants are invited to join the discussion in the designated online conference room.