The Corporate Social Responsibility of Family Businesses: An International Approach

Gérard Hirigoyen and Thierry Poulain-Rehm
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Gérard Hirigoyen: Institute of Research into Management of Organisations (IRGO), University Department of Business Administration, PUSG, University of Bordeaux, 35 Avenue Abadie, 33100 Bordeaux, France
Thierry Poulain-Rehm: Institute of Research into Management of Organisations (IRGO), University Department of Business Administration, PUSG, University of Bordeaux, 35 Avenue Abadie, 33100 Bordeaux, France

IJFS, 2014, vol. 2, issue 3, 1-26

Abstract: This study analyzes the links between listed family businesses and social responsibility. On the theoretical level, it establishes a relationship between socioemotional wealth, proactive stakeholder engagement, and the social responsibility of family businesses. On a practical level, our results (obtained from a sample of 363 companies) show that family businesses do not differ from non-family businesses in many dimensions of social responsibility. Moreover, family businesses have statistically significant lower ratings for four sub-dimensions of “corporate governance”, namely “balance of power and effectiveness of the Board”, “audit and control mechanisms”, “engagement with shareholders and shareholder structure”, and “executive compensation”.

Keywords: family business; corporate governance; human resources; social responsibility; stakeholders (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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