Family ownership and corporate social responsibility: the moderating effect of institutional ownership

Houssam Bouzgarrou (), Zied Ftiti (), Majdi Houcine () and Wael Louhichi ()
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Houssam Bouzgarrou: University of Sousse - ISFF
Zied Ftiti: EDC Business School
Majdi Houcine: University of Sousse
Wael Louhichi: ESSCAC Business School

Economics Bulletin, 2022, vol. 42, issue 2, 1135 - 1152

Abstract: The goal of this paper is to examine the impact of family ownership on corporate social responsibility (CSR), taking into account the moderating role of institutional investors. Using a sample of 70 listed French firms over the period 2003–2017, we obtain the following results. Family ownership negatively affects CSR; however, institutional investors positively affect CSR. Interestingly, our results show that institutional investors negatively moderate the relationship between family ownership and CSR.

Keywords: CSR; family ownership; institutional investors (search for similar items in EconPapers)
JEL-codes: G1 G3 (search for similar items in EconPapers)
Date: 2022-06-30
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