Sustainability Reporting in Family Firms: A Panel Data Analysis
AbstractWe analyze the largely unexplored differences in sustainability reporting within family businesses using a sample of 230 non-financial Italian listed firms for the period 2004–2013. Drawing on legitimacy theory and stakeholder theory, integrated with the socio-emotional wealth (SEW) approach, we study how family control, influence and identification shape a firm’s attitude towards disclosing its social and environmental behavior. Our results suggest that family firms are more sensitive to media exposure than their non-family counterparts and that family control enhances sustainability disclosure when it is associated to a family’s direct influence on the business, by the founder’s presence on the board or by having a family CEO. In cases of indirect influence, without family involvement on the board, the level of family ownership is negatively related to sustainability reporting. On the other hand, a formal identification of the family with the firm by business name does not significantly affect social disclosure. View Full-Text
Share & Cite This Article
Gavana, G.; Gottardo, P.; Moisello, A.M. Sustainability Reporting in Family Firms: A Panel Data Analysis. Sustainability 2017, 9, 38.
Gavana G, Gottardo P, Moisello AM. Sustainability Reporting in Family Firms: A Panel Data Analysis. Sustainability. 2017; 9(1):38.Chicago/Turabian Style
Gavana, Giovanna; Gottardo, Pietro; Moisello, Anna M. 2017. "Sustainability Reporting in Family Firms: A Panel Data Analysis." Sustainability 9, no. 1: 38.
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.