Family business succession and corporate ESG behavior

Lingyu Huang and Aoyun Chen

Finance Research Letters, 2024, vol. 60, issue C

Abstract: This study explores the impact of family business succession on corporate ESG behavior, focusing on how decision-making changes during inter-generational transitions. It specifically assesses the influence of second-generation participation in family-owned enterprises on their ESG practices. The findings reveal a more pronounced effect in firms with high marketization and overseas exposure. This research underscores the intertwined nature of inter-generational succession and strategic decision-making in Chinese family businesses, highlighting the importance of studying ESG behavior to understand these dynamics.

Keywords: Family business succession; Corporate ESG behavior; Corporate decision-making (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012734

DOI: 10.1016/j.frl.2023.104901

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