Corporate Social Responsibility in Large Family and Founder Firms

Joern Block and Marcus Wagner

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: Based on arguments about long-term orientation and corporate reputation, we argue that family and founder firms differ from other firms with regard to corporate social responsibility. Using Bayesian analysis, we then show that family and founder ownership are associated with a lower level of corporate social responsibility concerns, whereas ownership by institutional investors is associated with a higher level of corporate social responsibility concerns and a lower level of corporate social responsibility initiatives. We conclude that it makes sense to distinguish between family, founder and institutional investors and their roles as owners or managers when analyzing the effects of corporate governance on corporate social responsibility.

Keywords: corporate social responsibility; family firms; family management; family ownership; founder firms; long-term orientation (search for similar items in EconPapers)
JEL-codes: L2 M M10 M12 M14 (search for similar items in EconPapers)
Date: 2010-06-26
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Citations: View citations in EconPapers (6)

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