The Corporate Social Responsibility of Family Businesses: An International Approach

International Journal of Financial Studies

Gérard Hirigoyen¹ 

[1] Institute of Research into Management of Organisations (IRGO), University Department of Business Administration, PUSG, University of Bordeaux, 35 Avenue Abadie, 33100 Bordeaux, France; E-Mail

关键词: family business;    corporate governance;    human resources;    social responsibility;    stakeholders;   

DOI  :  10.3390/ijfs2030240

来源: mdpi

【 摘 要 】

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”.

【 授权许可】

CC BY   
© 2014 by the authors; licensee MDPI, Basel, Switzerland.