Sistem pengendalian manajemen dan budaya organisasi antara bisnis keluarga Tionghoa dan Jawa

This article discusses about the comparative between organizational culture and management control system of Javanese and Chinese family businesses. A combination of emic and etic methods were used to generate grounded comparisons with nomethetic research on culture and control in a cultural contingency tradition. The Javanese ethnic is the biggest ethnic in Indonesia with populations about 41.71% of the total population of Indonesia (Suryadinata et al., 2003). In addition to local ethnicity, there are also mixtures from outside such as Tionghoa. Chinese Indonesians own most Indonesian private domestic capital despite being an ethnic minority (3–4% of population) and having suff ered extensive discrimination (Efferin and Hopper, 2007). Management control system adopted by Javanese and Chinese family businesses has no significant difference. Both types of family businesses have similarities in terms of leadership because both are based on family business and both are instill mutual respect and mutual cooperation. Meanwhile, the differentiation of organizational culture adopted by both types of family business is in the structure of the organization. The Javanese family business organization structure include of their big family but the Chinese family business only in one nuclear family. However, the business style of both companies is the same that is patrealistic, means the heir is from their son

Gambler's Fallacy as Behavioural Bias Of Young Investor

This research aims to identify the behavioural bias of Gambler's Fallacy of young investors in Malang. This research was done by doing a survey method i.e. doing the dissemination of questionnaires to young investors in Malang. The number of samples gained from questionnaires were 108 respondents. questionnaires were assessed using Likert scale and analysed by using non-parametric test: Chi Square Test and Wilcoxon Signed-Rank Test to answer the hypothesis and research questions. The results showed that behavioural bias of Gambler’s Fallacy on young investors in Malang when they trade in uptrend and downtrend stock market with an equal probability. Based on the results, this research concluded that in making trading decisions, young investors in Malang are still very influenced by psychological factors and tend to follow their personal intuition. This shows that weak-form efficiency is inefficient