Social responsibility and financial performance of family-owned and eponymous companies

Responsabilité sociale et performance financière des entreprises familiales et éponymes

Hela Garrouch, Tarek Mejri () and Eric Paget-Blanc ()
Additional contact information
Hela Garrouch: ISG - Institut Supérieur de Gestion de Tunis [Tunis] - Université de Tunis
Tarek Mejri: LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]
Eric Paget-Blanc: LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]

Post-Print from HAL

Abstract: This article explores the relationship between corporate social responsibility (CSR), financial performance (FP) and the moderating effect of family ownership and eponymous companies, i.e. firms named after the founding family. We show that family firms and eponymous ones, engage more in CSR activities than non-family and non-eponymous firms, which has a positive impact on their FP. Our empirical study is based on a sample of French companies listed on the SBF 120 over the period 2016-2021. This research sheds theoretical and empirical light on the issue of ownership structure in relation to CSR. We conclude that corporate reputation is the factor that most influences the adoption of CSR strategies in family-owned and eponymous companies, resulting in superior performance. Regulators and stakeholders should be aware of the potential impact of CSR engagement.

Keywords: Corporate Social Responsibility (CSR); Financial performance (FP); Family ownership; Eponymous firms; Corporate governance (search for similar items in EconPapers)
Date: 2024-08-27
References: Add references at CitEc
Citations:

Published in 2ème Journée de recherche Finance Contrôle Stratégie - "L’environnement sous le prisme de la finance, du contrôle et de la stratégie", Revue Finance Contrôle Stratégie; IAE Clermont-Auvergne, Aug 2024, Clermont- Ferrand, France

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

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:hal:journl:hal-05040008

Access Statistics for this paper

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