Origin matters: The institution imprint effect and green innovation in family businesses

Chen Cheng, Siming Li, Shali Liu and Suge Zhang

Finance Research Letters, 2022, vol. 50, issue C

Abstract: We investigate how institutional environments in the founding phase influence the pro-environment activities of family businesses, and how origins shape present-day norms, routines and procedures through an imprint effect. By exploiting the unique heterogeneity of family business origin in China, we find that restructured family businesses have a higher degree of green innovation than their entrepreneurial counterparts. The mechanism analyses suggest that the initial institutions varied across family business origins, resulting in divergent institutional environments and distinguishing green innovation performances. Our results highlight the lasting effects of the early governance system on modern-day family businesses.

Keywords: Family business origin; Green innovation; Institution environment (search for similar items in EconPapers)
JEL-codes: D21 G34 Q55 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612322005037
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:50:y:2022:i:c:s1544612322005037

DOI: 10.1016/j.frl.2022.103324

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().