Economics at your fingertips  

Family involvement and corporate social responsibility disclosure

Laura Cabeza-García, María Sacristán-Navarro and Silvia Gómez-Ansón

Journal of Family Business Strategy, 2017, vol. 8, issue 2, 109-122

Abstract: Building on the socioemotional wealth perspective, we hypothesize that family control and influence increase CSR disclosure. However, our results contradict this prediction: Panel data analyses for a sample of Spanish non-financial listed companies suggest that both family ownership and/or family governance have a negative influence on firms’ commitment to CSR reporting, but the presence of a second significant shareholder may moderate this negative effect. Additionally, the identity of the second significant shareholder seems to matter: Foreign investors may reduce the negative influence of family ownership, but other families may increase the negative impact of family governance, and of the combined effect of family ownership and governance, on CSR disclosure. We discuss implications for future theory development and research.

Keywords: CSR disclosure; Family ownership; Family governance; Second shareholder; Shareholders’ identity; Panel data (search for similar items in EconPapers)
JEL-codes: M14 G34 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.elsevier. ... 719791/bibliographic

DOI: 10.1016/j.jfbs.2017.04.002

Access Statistics for this article

Journal of Family Business Strategy is currently edited by J.H. Astrachan

More articles in Journal of Family Business Strategy from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2020-05-02
Handle: RePEc:eee:fambus:v:8:y:2017:i:2:p:109-122