The Corporate Social Responsibility of Family Businesses: An International Approach

Gérard Hirigoyen () and Thierry Poulain-Rehm ()
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Gérard Hirigoyen: IRGO - Institut de Recherche en Gestion des Organisations - Université Montesquieu - Bordeaux 4 - Institut d'Administration des Entreprises (IAE) - Bordeaux
Thierry Poulain-Rehm: CEREGE [Poitiers, La Rochelle] - Centre de recherche en gestion [EA 1722] - UP - Université de Poitiers = University of Poitiers - ULR - La Rochelle Université

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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)
Date: 2014-07-12
Note: View the original document on HAL open archive server: https://hal.science/hal-01382070v1
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Citations: View citations in EconPapers (9)

Published in International Journal of Financial Studies, 2014, 2014, pp.240 - 265. ⟨10.3390/ijfs2030240⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01382070

DOI: 10.3390/ijfs2030240

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