Artikel

The corporate social responsibility of family businesses: An international approach

This study analyzes the links between listed family businesses and social responsibility. On the theoretical level, it establishes a relationship between socioemotional wealth, proactive stakeholder engagement, and the social responsibility of family businesses. On a practical level, our results (obtained from a sample of 363 companies) show that family businesses do not differ from non-family businesses in many dimensions of social responsibility. Moreover, family businesses have statistically significant lower ratings for four sub-dimensions of "corporate governance", namely "balance of power and effectiveness of the Board", "audit and control mechanisms", "engagement with shareholders and shareholder structure", and "executive compensation".

Language
Englisch

Bibliographic citation
Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 2 ; Year: 2014 ; Issue: 3 ; Pages: 240-265 ; Basel: MDPI

Classification
Wirtschaft
Corporate Finance and Governance: General
Subject
family business
corporate governance
human resources
social responsibility
stakeholders

Event
Geistige Schöpfung
(who)
Hirigoyen, Gérard
Poulain-Rehm, Thierry
Event
Veröffentlichung
(who)
MDPI
(where)
Basel
(when)
2014

DOI
doi:10.3390/ijfs2030240
Handle
Last update
16.01.0003, 7:13 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Hirigoyen, Gérard
  • Poulain-Rehm, Thierry
  • MDPI

Time of origin

  • 2014

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