Family Control, Political Connection, and Corporate Green Governance

Xiaolin Li, Weian Li and Yaowei Zhang
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Xiaolin Li: School of Economy & Management, Harbin Institute of Technology, Weihai 264209, China
Weian Li: China Academy of Corporate Governance/Business School, Nankai University, Tianjin 300071, China
Yaowei Zhang: China Academy of Corporate Governance/Business School, Nankai University, Tianjin 300071, China

Sustainability, 2020, vol. 12, issue 17, 1-18

Abstract: This paper firstly introduces green governance into the empirical research of family firms. Due to the fact that family firms have their own particularity in the principal agent and also have a strong desire to preserve social emotional wealth, this paper deeply studies the driving influence of family control on the green governance of family firms, and analyzes the moderating effect based on the political connection of executives. Taking the 2015–2017 Chinese family-listed firms that released social responsibility reports as the research sample, we find that family control contributes to the improvement of corporate green governance in family firms. However, the political connection of the actual controller weakens the effect of family control on the green governance of family firms. In addition, this research is also carried out under different situations, such as at the regional level and individual level. The research helps family firms give full play to their own advantages, guide the green governance practice of family firms, and improve the level of green governance.

Keywords: family control; green governance; political connection; family firms (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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