The relationship between corporate governance and corporate social performance of family firms in Korea

Family firm;corporate social responsibility;agency theory;stewardship theory;governance;KEJI index;658

경영대학 경영학과 ;

University:서울대학교 대학원

关键词: Family firm;    corporate social responsibility;    agency theory;    stewardship theory;    governance;    KEJI index;    658;   

Others  :  http://s-space.snu.ac.kr/bitstream/10371/124630/1/000000132312.pdf

美国|英语

来源: Seoul National University Open Repository

【 摘 要 】

Agency theory from economics and stewardship theory based on psychology have emerged over the last decade to explain performance and conduct of family firms, and the two theories have found contradicting results and relationship between family firm and firm performance is still disputed. Therefore, unlike existing family firm researches that focused on financial performance of firms, this paper tests relationship and characteristics of corporate social performance and family firms. Family firm status, outside director ratio and institutional ownership are used as independent variables to test influences on corporate social performance, dependent variable of this paper. The samples are collected from KEJI Index from 2007 to 2009. The results indicate that family firms engage more in socially responsible activities and institutional ownership exerts positive influence on firm’s corporate social performance. However, outside director ratio did not have significant influence on corporate social performance and institutional ownership also did not have moderating effects on family firm and corporate social performance relation.