Corporate social responsibility disclosure and market value: Family versus nonfamily firms

Mehdi Nekhili, Haithem Nagati, Tawhid Chtioui () and Claudia Rebolledo
Additional contact information
Haithem Nagati: ICD International Business School Paris
Tawhid Chtioui: EM - EMLyon Business School
Claudia Rebolledo: HEC Montréal - HEC Montréal

Post-Print from HAL

Abstract: We investigate the moderating role of family involvement in the relationship between corporate social responsibility (CSR) reporting and firm market value using a longitudinal archival data set in the French context. Our empirical results show that family firms report less information on their CSR duties than do nonfamily firms. However, market-based financial performance, as measured by Tobin's q, is positively related to CSR disclosure for family firms and negatively related to CSR disclosure for nonfamily firms. Family firms would benefit greatly from communicating commitment to CSR; specifically, they could obtain shareholders' endorsement more easily than nonfamily firms could.

Keywords: Corporate social responsibility; CSR reporting; Market value; Family firms (search for similar items in EconPapers)
Date: 2017-08
References: Add references at CitEc
Citations: View citations in EconPapers (54)

Published in Journal of Business Research, 2017, 77, pp.41-52. ⟨10.1016/j.jbusres.2017.04.001⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Corporate social responsibility disclosure and market value: Family versus nonfamily firms (2017)
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:hal:journl:hal-02380522

DOI: 10.1016/j.jbusres.2017.04.001

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().