Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/167765
Authors: 
Hirigoyen, Gérard
Poulain-Rehm, Thierry
Year of Publication: 
2014
Citation: 
[Journal:] International Journal of Financial Studies [ISSN:] 2227-7072 [Volume:] 2 [Year:] 2014 [Issue:] 3 [Pages:] 240-265
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".
Subjects: 
family business
corporate governance
human resources
social responsibility
stakeholders
JEL: 
G30
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/
Document Type: 
Article

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