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Int. J. Financial Stud. 2014, 2(3), 240-265; doi:10.3390/ijfs2030240

The Corporate Social Responsibility of Family Businesses: An International Approach

Institute of Research into Management of Organisations (IRGO), University Department of Business Administration, PUSG, University of Bordeaux, 35 Avenue Abadie, 33100 Bordeaux, France
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Received: 4 May 2014 / Revised: 19 June 2014 / Accepted: 23 June 2014 / Published: 9 July 2014
(This article belongs to the Special Issue Performance and Behavior of Family Firms)
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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”. View Full-Text
Keywords: family business; corporate governance; human resources; social responsibility; stakeholders family business; corporate governance; human resources; social responsibility; stakeholders
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

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Hirigoyen, G.; Poulain-Rehm, T. The Corporate Social Responsibility of Family Businesses: An International Approach. Int. J. Financial Stud. 2014, 2, 240-265.

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