Ownership versus management effects on corporate social responsibility concerns in large family and founder firms

Joern Block and Marcus Wagner

Journal of Family Business Strategy, 2014, vol. 5, issue 4, 339-346

Abstract: Based on socioemotional wealth theory, we argue that family and founder firms differ from other firms with respect to corporate social responsibility concerns. We further argue that the ownership and management dimensions of founder firms have opposite effects. Using a dataset of large public firms in the US, we show that family and founder ownership is associated with fewer corporate social responsibility concerns (CSR concerns), whereas the presence of a family and founder CEO is associated with greater CSR concerns. We conclude that it is reasonable to distinguish between family and founder firms and their respective ownership and management dimensions when analyzing CSR in large firms.

Keywords: Corporate social responsibility concerns; Family firms; Founder firms; Bayesian analysis; Family ownership; Family management (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:fambus:v:5:y:2014:i:4:p:339-346

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DOI: 10.1016/j.jfbs.2014.08.005

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