Family Firms’ Corporate Social Performance: A Calculated Quest for Socioemotional Wealth

Labelle, Réal; Hafsi, Taı̈eb; Francœur, Claude; Ben‐Amar, Walid

doi:10.1007/s10551-015-2982-9

Cited by 97 publications

(111 citation statements)

References 63 publications

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“…The inverse U-shaped relationship is logical and confirmed by our empirical investigation in China. The moderation confirms what previous research suggests about the effect of firm visibility and size (in particular Labelle et al, 2015).…”

Section: Conclusion and Discussionsupporting

confidence: 90%

“…The moderation confirms what previous research suggests about the effect of firm visibility and size (in particular Labelle et al, 2015). The relationship is consistent with both the complementarity assumption, as CP and R&D move in the same direction up to some spending limits, and the competition assumption, as the relationship reverses beyond those limits.…”

Section: Conclusion and Discussionsupporting

confidence: 89%

“…As found in our sample, the effect may be greater where firm visibility is greater. Useem (1988) has shown that in industries where firms interact intensively with the public, managers initiate stakeholder-friendly actions more often (also Labelle et al, 2015). The effect of size is to dampen the relationship, which is also what is suggested by resource dependency theory (Pfeffer & Salancik, 1978;Haynes & Hillman, 2011), as large firm have a better control over their environment and resource acquisition.…”

Section: Conclusion and Discussionmentioning

confidence: 92%

“…Useem (1988) has shown that in industries where firms interact intensively with the public, managers initiate stakeholder-friendly actions more often (also Labelle et al, 2015). Useem (1988) has shown that in industries where firms interact intensively with the public, managers initiate stakeholder-friendly actions more often (also Labelle et al, 2015).…”

Section: Conclusion and Discussionmentioning

confidence: 99%

See 3 more Smart Citations

The Inverted U‐Shaped Relationship between Corporate Philanthropy and Spending on Research and Development: A Case of Complementarity and Competition Moderated by Firm Size and Visibility

Gao

Hafsi

2017

Corp Soc Responsibility Env

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Prior studies on corporate social responsibility (CSR) and innovation suggest either a competing or a complementary relationship between CSR and spending on research and development (R&D) activities. In this study, we unravel this puzzle by theorizing an inverted U-shaped relationship between CSR in general and corporate philanthropy (CP) in particular, and R&D spending. Drawing mainly on stakeholder theory, we suggest that CP, by securing stakeholders' support differently at different levels of spending, would first increase and then reduce R&D spending. Evidence from Chinese publicly traded companies during 2006-2015 well supports our arguments. In addition, we find this inverse U-shaped non-linear relationship between CP and R&D spending to be strengthened by firm visibility and weakened by firm size. This study has important theoretical and practical implications.This study has also significant practical implications. First, business executives are made aware of the positive effect of CP on firms' innovative behavior and performance. CP and other social actions may help firms get support from various stakeholders, and improve their ability to innovate. Therefore, social responsibility should be regarded as a strategic investment rather than a social burden. However, from a pragmatic perspective, too high level of CP is not necessary. 474Y. Gao et al.

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Section: Conclusion and Discussionsupporting

confidence: 90%

Section: Conclusion and Discussionsupporting

confidence: 89%

Section: Conclusion and Discussionmentioning

confidence: 92%

Section: Conclusion and Discussionmentioning

confidence: 99%

See 2 more Smart Citations

The Inverted U‐Shaped Relationship between Corporate Philanthropy and Spending on Research and Development: A Case of Complementarity and Competition Moderated by Firm Size and Visibility

Gao

Hafsi

2017

Corp Soc Responsibility Env

Self Cite

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“…In addition, even if state ownership is widely adopted in both developed and developing economies, different countries may have different governance and management systems. It suggests that further cross-border studies distinguishing between different governance models (see for example Labelle et al, 2015, who investigates the effects on family social behaviour in common-law versus code-law governance systems) are needed to validate our findings. Finally, our focus here was on disaster relief giving.…”

Section: Limitations and Future Study Directionsmentioning

confidence: 87%

How Owners Matter? An Examination of Ownership Type in Corporate Disaster Relief Giving

Gao

Hafsi

2018

Can J Adm Sci

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Little research has investigated the effect of ownership identity (or type) and corporate philanthropy experience on giving. In this research, relying on legitimacy theory, we first assess the effect of ownership identity on corporate philanthropy (CP) in the context of the 2008 earthquake in China. Then we explore moderation effects of firms' prior CP experience and size as proxies for perceived legitimacy on owners' efforts at increasing giving and legitimacy. We find that state and CEO ownership are deterrents, while non‐SOE and institutional ownership enhances giving probability and amount. In addition, there is evidence that firm size and prior CP weaken the effects of institutional ownership on CP. This study provides a complete assessment of owner behaviour. Copyright © 2018 ASAC. Published by John Wiley & Sons, Ltd.

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Walking the talk in family firms. An empirical investigation of CSR communication and practices

Venturelli

Principale

Ligorio

et al. 2020

Corp Soc Responsibility Env

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Family firms are embarking on a virtuous path increasingly oriented toward sustainable development. The corporate social responsibility (CSR), more and more regarded as a positive driver for the reputation and preservation in the medium to long term for the company, is now an element that falls within the credit valuations of banking firms. Our research investigates CSR communication and practices in small and medium‐sized family businesses. Using the socioemotional wealth perspective, we analyze the effect of family control and influence on CSR behavior. We perform a Poisson regression on an Italian regional sample of 200 family businesses. Our study reveals a greater propensity of family businesses to practices rather than CSR communication. Family control has a positive effect on CSR practices, while family involvement has an adverse effect on CSR communication. Besides, strong control and involvement have a negative effect on CSR communication.

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Family Firms’ Corporate Social Performance: A Calculated Quest for Socioemotional Wealth

Cited by 97 publications

References 63 publications

The Inverted U‐Shaped Relationship between Corporate Philanthropy and Spending on Research and Development: A Case of Complementarity and Competition Moderated by Firm Size and Visibility

The Inverted U‐Shaped Relationship between Corporate Philanthropy and Spending on Research and Development: A Case of Complementarity and Competition Moderated by Firm Size and Visibility

How Owners Matter? An Examination of Ownership Type in Corporate Disaster Relief Giving

Walking the talk in family firms. An empirical investigation of CSR communication and practices

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