Environmental practices, family control, and corporate performance: Evidence from Chinese family firms

Xinlan Li, Changhong Li and Xiaoli Guo

Emerging Markets Review, 2023, vol. 55, issue C

Abstract: This study analyzes Chinese family firms to determine how environmental practices influence corporate performance in consideration of the moderating effect of family control. Based on hand-collected data of environmental practices and 698 Chinese listed family firms, the results show that the environmental practices and corporate financial performance (CFP) link can be captured by a U-shape, and environmental practices are positively associated with corporate social performance (CSP). Furthermore, family control positively moderates the relationship between environmental practices and performance. The findings provide systemic understandings of the CFP and CSP of family firms through important insights into environmental practices and family control.

Keywords: Environmental practices; Family control; Corporate financial performance; Corporate social performance (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:55:y:2023:i:c:s156601412200070x

DOI: 10.1016/j.ememar.2022.100953

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