Family firm heterogeneity on CSR approach: A socio-emotional (SEW) perspective

Diéguez‐Soto, Julio; Campos-Valenzuela, Marta; Callejón-Gil, Ángela M.; Aldeanueva-Fernández, Ignacio

doi:10.1177/23409444211063889

Cited by 14 publications

(9 citation statements)

References 96 publications

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“…The fact that we find a slightly negative effect on one CSR dimension when exchanging firm tradition by family stage adds to this contradictory pictures. This could be an indication that firm tradition overlaps with other dimensions of SEW, such as identification or emotional attachment: Depending on how much the managing family member identifies with the strategic approach of preceding generations, firm tradition might factor in or not, as Dieguez-Soto et al (2021) observe in their qualitative study. We therefore propose future research to investigate the phenomenon more in depth to identify possible moderating or mediating effects in the interplay of family firm tradition and SEW.…”

Section: Discussion and Limitations Of The Studymentioning

confidence: 96%

Family oblige: the link between CSR and succession intention in small and medium family firms

Stübner

Jarchow

2022

J Bus Econ

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This study investigates how family continuation, namely family tradition and succession intention, alter the socially responsible behavior of small and medium sized (SME) family firms. Using a unique dataset, we have conducted multiple regressions on survey data from German family SMEs and show a statistically and economically significant increase in Corporate Social Responsibility (CSR) alongside the planning of family succession. However, when analyzing the different facets of CSR, we have found strong variances: While succession intention goes along with an increased community, market, and supply chain engagement this is not the case for CSR directed towards employees, or the environment. Family tradition didn’t correlate with a change in CSR behaviour to a relevant extent. In our theoretical embedding we employed socio-emotional wealth (SEW) theory to explain our findings. Thereby, our study fills a gap in the literature adding the perspective of SME family firms on the use of CSR in the context of family succession and also adding to the theoretical understanding of SEW.

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Section: Discussion and Limitations Of The Studymentioning

confidence: 96%

Family oblige: the link between CSR and succession intention in small and medium family firms

Stübner

Jarchow

2022

J Bus Econ

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“…Besides the firm economic goal, the owners of family firms also search for preservation of socioemotional wealth as non-economic reward from their business (Glover & Reay, 2015). Dieguez-Soto et al (2021) and Berrone et al (2012) stated that socioemotional wealth is considered as a unique differentiator that might explain non-identical characteristics of most family firms, exhibiting non-similar behavior and interests. It allows incorporation between firm and family that unfold fundamentals in strategic decision-making (Araya-Castillo et al, 2021).…”

Section: Literature Review Socioemotional Wealth As Distinctive Eleme...mentioning

confidence: 99%

Measuring Efficiency Of Family And Non-Family Firm Amidst Covid-19 Times: Do They Perform Differently?

Wibowo,

Manurung,

Sembel

et al. 2024

Ecombis. Rev. J. Ilm. Eco. and Bussines.

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The outbreak of COVID-19 pandemic in early 2020 has inflicted serious financial distresses for most firms in multi-sectoral industries. Each of them was enforced to deal with the economic downturns by working more efficiently. In this case, family and non-family firms might perform differently to protect themselves from bankruptcy. This research aims to measure firm efficiency by employing a total of 52 entities listed on Indonesia Stock Exchange (IDX), 26 entities for each type of firms from 2019 to 2022, reflecting the times before, during, and after the pandemic. At the first stage, date envelopment analysis (DEA) with constant return-to-scale (CRS) input-oriented approach is employed to generate deterministic efficiency scores of each sample which the bias is then corrected using Simar and Wilson’s bootstrap technique. At the second stage, hypothesis testing is conducted to examine whether the difference in efficiency score between both types of firms is significant. The result shows that family and non-family firms do not perform differently during a 4-year of research period (p-value=0.136). Nevertheless, family firms exhibit a significant drop in 2020 (p-value=0.0061), where this condition reversed with a significant increase in 2021 (p-value=0.0002). Non-family firms perform more stably throughout the research years. Finally this research may contribute to the development of organization-related science, business, and strategic management. The way most family firms operate might reflect the socio-cultural attributes of a nation. There is no other similar study found since COVID-19 pandemic is still considered as a relatively new global health crisis.

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“…Moreover, at least here, the 'family control' prediction of SEW aligns with the 'women prioritize family interests' prediction of interdependent self-construal theory. Further research has shown that family firms are heterogeneous with respect to SEW and that, as a result, family firms are heterogeneous in their approach to CSR (e.g., Diéguez-Soto et al, 2021). Indeed, research is taking a more nuanced view of the SEW construct itself, following Kellermanns et al's (2012) argument that the SEW dimensions can be positively and negatively valenced.…”

Section: Sustainability/csrmentioning

confidence: 99%

Revisiting and previewing research on women in family business

Huybrechts,

Barrett,

Lee

2024

Women in Family Business

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It actually doesn't take much to be considered a difficult woman. That's why there are so many of us." (Jane Goodall, English primatologist) With Women in Family Business: New Perspectives, Contexts and Roles we aim to create further impetus for this important stream of literature. There is still a long way to go before women's full potential in the workplace is achieved, but there is growing societal and academic interest in doing so. To quote Michelle Obama: "No country can ever truly flourish if it stifles the potential of its women and deprives itself of the contributions of half of its citizens." In 2022, only 15 percent of Fortune 500 firms were led by women (Buchholz, 2022). While this number has been increasing, the pace of change is slow. So, if we want to tap into half the world's talent, expertise, and passion, we need to understand women's changing roles in the workplace, barriers holding women back and how they might be overcome, and opportunities to be seized.Family businesses are a vital context in which to study these topics. Not only are family businesses the dominant form of business organization worldwide (Faccio & Lang, 2002; LaPorta et al., 1999), they also have proportionately more female leaders (both from within and from outside the family) than their nonfamily counterparts (Ernst & Young, 2015). As well as outlining the book's chapters, this introduction proposes how future researchers might: a) theorize the behaviour of family business women differently, b) use different measures to understand them as individuals, and c) choose new variables to try to understand their impact in family firms. Doing these things would also suggest ways to better understand women in business generally. THEORIZING WOMEN IN FAMILY BUSINESS DIFFERENTLYResearch on women in family business has built on a range of theories, from agency theory to the resource-based view of the firm (RBV) to the

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Family firm heterogeneity on CSR approach: A socio-emotional (SEW) perspective

Cited by 14 publications

References 96 publications

Family oblige: the link between CSR and succession intention in small and medium family firms

Family oblige: the link between CSR and succession intention in small and medium family firms

Measuring Efficiency Of Family And Non-Family Firm Amidst Covid-19 Times: Do They Perform Differently?

Revisiting and previewing research on women in family business

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