Second-generation involvement, ESG performance and family firm value

Mengyun Wu, Yuqing Zhu and Fei Zhang

Applied Economics Letters, 2025, vol. 32, issue 5, 592-595

Abstract: In the era of VUCA, research on the impact of second-generation involvement on family business value has attracted much attention, there is a lack of related discussion. Based on a sample of 514 Chinese listed family companies from 2018 to 2022, this study shows that second-generation involvement is positively correlated with firm value, and ESG performance plays a moderating role in this relationship. Notably, the impact of second-generation involvement is more pronounced in enterprises operating in highly competitive industries. The paper offers countermeasures for family enterprises to optimize second-generation involvement and ESG performance, and eventually enhance firm value and promote the sustainable development.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2023.2276365 (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:taf:apeclt:v:32:y:2025:i:5:p:592-595

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2023.2276365

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().