The global economic landscape is still recovering from the prolonged economic crisis which has significantly affected consumer’s buying power, hit commodity prices, as well as hampered growth in general. However, in the midst of the crisis, research has shown that family businesses remain a strong and resilient force which helps propel the economy. An article by Harvard Business Review argued that family businesses tend to be more frugal and enter recessionary period with leaner cost structures.
According to McKinsey, in emerging economies, family businesses account for approximately 60 percent of the private-sector companies with revenues of $1 billion or more, compared to less than one-third of the companies in the S&P 500. However, the upward trend for family businesses as a significant part of their national economies in emerging markets remain strong, and will represent nearly 40 percent of the world’s largest companies in 2025, up from 15 percent in 2010, which shows the growing importance of understanding family business and its sustainability in the long run in the midst of the current global scenario.
On the other hand, the world is on the verge of a calamitous climate crisis that could have a lasting impact on global economy and beyond. Therefore, all relevant stakeholders from public, private, as well as not-for-profit organizations should encourage and implement the “green economy” which aims to sustainably develop the economy while reducing environmental risks and ecological shortages. Hence, research on this topic is urgently needed to provide policymakers with informed guidelines on the way forward.
In this regard, the 4th International Conference on Family Business and Entrepreneurship (ICFBE 2020) is specifically prepared to tackle and discuss these important issues. The conference is championed by President University, a world-class higher education institution in Indonesia which was established to become a reputable research and development center in the region and to set a new benchmark in Indonesian higher education. This conference is also co-hosted with Universitas Dhyana Pura (Undhira), an emerging university from Bali with a visionary goal to become the exemplary and excellent higher education institution in the region. This conference aims to gather researchers and practitioners to critically share and discuss the latest empirical, conceptual, as well as theoretical findings and trends with the main theme: “Emerging Research and Insights on Entrepreneurship and Family Business in the Green Economy”.
Unlisted but related sub-topics are also acceptable, provided they fit in one of the main topic areas as follow:
- Sustainability of Family Business
- Family Succession Planning and Challenges
- Fintech and Sustainable Business
- Green Entrepreneurship
- Green Tourism and Hospitality
- Green Human Resources Management
- Green Marketing and Retail Management
All accepted papers will be published in Scopus-indexed journals, a highly rated proceeding (indexed by Atlantis Press), or nationally accredited (SINTA-indexed) journals.