Author(s): Elia Ardyan, Timotius F.C.W. Sutrisno, Liestya Padmawidjaja
This study examines the role of parent-children togetherness to create synergizing intergeneration conflict resolution, new family business value creation, and family business sustainability. Sustainable family business theory (SFBT) is the approach used in this study. The respondents used were 216 family business owners. The analysis used is PLS-SEM and uses WarpPls version 7 to process the data. This study shows how family togetherness can affect synergizing intergeneration conflict resolution, new family business value creation, and family business sustainability. Other results show synergizing intergeneration conflict resolution has a positive effect on new family business value creation. New family business value creation will significantly increase family business sustainability. This study has an impact on sustainable family business theory, where the role of intergeneration togetherness (as part of social capital resources) will have an impact on new family business value creation (as part of human capital resources) and sustainability of family business.