Can Family Involvement Improve Business Performance? Based on the Dual Moderating Effects of Overseas Experience and Charitable Donations

Shuqin Song, Mengyun Wu, Yuqing Zhu () and Yihan Lv
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Shuqin Song: Personnel Department, Jiangsu University, Zhenjiang 212013, China
Mengyun Wu: School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China
Yuqing Zhu: School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China
Yihan Lv: School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China

Sustainability, 2022, vol. 14, issue 23, 1-13

Abstract: In the post-pandemic era, it will become normal for family enterprises to seek innovative development. They have become more committed to building socially responsible companies and are more willing to actively promote corporate values in order to create long-term benefits. Therefore, this paper uses listed family companies entering the intergenerational succession period from 2018 to 2020 as the research object and empirically tests the influence of family involvement on firm performance, as well as the moderating effects of family members’ overseas experiences and family firm’s charitable donation behaviors. The results show that the ownership and management involvement of family members can significantly improve the performance of family enterprises. The overseas experience of family members has a negative moderating effect on the relationship between the two, while the charitable giving behavior of family enterprises has a positive moderating effect on the relationship between the two. The above research provides countermeasures and reference for family enterprises to realize the family business and the lasting development in the process of intergenerational inheritance, upgrading, and transformation.

Keywords: family business; family involvement; overseas experience; charitable giving; sense of social responsibility (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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