How Can Responsible Family Ownership be Sustained Across Generations? A Family Social Capital Approach

Amonarriz, Cristina Aragón; Arredondo, Agustín Mateo; Landart, Cristina Iturrioz

doi:10.1007/s10551-017-3728-7

Cited by 38 publications

(41 citation statements)

References 76 publications

(107 reference statements)

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“…The extant literature has focused on family ownership and environmental performance (Block & Wagner, 2014;Dal Maso et al, 2020;Nadeem, 2020); environmental reporting and corporate life cycle (Arena & Michelon, 2018); emotional aspects such as mindfulness and socioemotional wealth and environmental strategy (Dayan et al, 2019); and research and development and environmental innovations (Ardito et al, 2019;Doluca et al, 2018). Most of the above literature compares family and nonfamily firms (Adomako et al, 2019;Arena & Michelon, 2018;Dangelico et al, 2019) treating family firms as homogeneous entities.…”

Section: Family Businessmentioning

confidence: 99%

Family logics and environmental sustainability: A study of the New Zealand wine industry

Kariyapperuma

Collins

2021

Bus Strat Env

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The majority of small-and medium-sized enterprises (SMEs) in the wine industry are family owned and operated providing a unique organisational structure to study environmental sustainability engagement. However, researchers at the intersection of environmental sustainability (ES) and family businesses tend to oversimplify family businesses as homogeneous regarding ES. Therefore, the broader goal of this paper is to investigate the antecedents of heterogeneities among family firms related to ES. The paper aims to understand how family firms portray different aspects of family influence (family goals, family values, culture and ethics, and the imprints of the founders and the next generation) in their ES disclosures. Family logics are used as a theoretical lens to analyse family influence. A qualitative content analysis of 72 corporate websites of family firms operating in the New Zealand wine industry was conducted. Antecedents of heterogeneities were revealed with a discussion of three typologies of family firms: family first, business first and upstarts.

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Section: Family Businessmentioning

confidence: 99%

Family logics and environmental sustainability: A study of the New Zealand wine industry

Kariyapperuma

Collins

2021

Bus Strat Env

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“…Salvato and Melin (2008) employ family social capital, which is un-derstood as the processes through which family firms access and recombine resources to match the evolving needs of their business activities over time and may assist in understanding the creation of value across generations. This approach could be interesting to adapt to the dynamics of FROp (Aragón- Amonarriz et al, 2019). Finally, the results of this study lead us to additional questions such as, are the antecedents of FFSR the same in family firms with a non-family CEO?…”

Section: Resultsmentioning

confidence: 88%

“…More recently, researchers have more closely examined the conditions and mechanisms that influence the ethical focus and social performance of family firms. In this sense, different elements have been analysed as critical antecedents of SR in family firms by different authors using different approaches (such as Aragón- Amonarriz et al, 2019;Bingham et al, 2011;Hammann et al, 2009;O'Boyle et al, 2010;. The values of decision makers are critical drivers of the SR in firms; particularly in family firms, these values must be supported by the family owners themselves.…”

Section: Introductionmentioning

confidence: 99%

How do family responsible ownership practices enhance social responsibility in small and medium family firms?

Aragón

Landart

2020

EJFB

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This paper aims to measure the influence of the family responsible ownership practices on the socially responsible behaviour of family small and medium firms. To reach this purpose, we define six hypothesis and we apply an empirical testing of an integrative model. Based on a sample of 84 family SMEs, we use structural equation modelling to test for possible relationships within and between the constructs. This study reveals the relevance of the family responsible ownership practices as a driver that influences social responsible practices in family SMEs. The results confirmed that positive relationships exist between each of the following three antecedents: a) responsible management succession, b) responsible financial resource allocation and c) professionalism and social responsibility among family SMEs. Additionally, a positive relationship between family responsible ownership practices and family firm social responsibility was found.

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“…Family firms will be inclined to comply with environmental regulations, since the penalties are high and could jeopardize their continuity and damage the family′s prestige [83]. However, they may also be inclined to incorporate environmental goals as lines of future activity and attraction for the new generations of the family [38,[86][87][88][89]. Dangelico et al [82] highlighted that family firms recognize environmental innovation as a business opportunity, rather than simply a requirement to comply with legal regulations, which explains why they consider investments in environmental aspects as a source of competitive advantage.…”

Section: Family Influence and Environmental Goalsmentioning

confidence: 99%

Environmental and Social Goals in Spanish SMEs: The Moderating Effect of Family Influence

Rojas

Lorenzo

2021

Sustainability

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Small and medium-sized enterprises (SMEs) are the predominant form of firm in the economy worldwide, so it is becoming increasingly important to understand the role they play in the green transition. It is urgent to understand how SMEs establish their goals that reorient their strategies and activities towards the creation of greater environmental value. From a stakeholder perspective, this study analyzes the environmental and social goals that create value in SMEs. We identify family influence as an important determinant for the establishment of environmental goals in SMEs that has not been sufficiently studied. We tested the hypotheses in a sample of 132 Spanish SMEs. Our findings indicate that setting social goals and having family characteristics have a direct positive effect on the environmental goals of SMEs. In addition, family influence positively moderates the effect of social goals, increasing its effect in the establishment of environmental goals for the creation of value in SMEs. This is due to the desire of family SMEs to increase their socio-emotional wealth and their transgenerational intention by incorporating the requirements of stakeholders. These findings highlight the importance of particularly considering the family characteristics of SMEs when analyzing the role that SMEs play in the green transition and should also be important for policy makers when designing environmental policies.

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How Can Responsible Family Ownership be Sustained Across Generations? A Family Social Capital Approach

Abstract: Finally, the paper identifies RFO institutionalization required to face the intrinsic problems of transmitting RFO in growing families.

Cited by 38 publications

References 76 publications

Family logics and environmental sustainability: A study of the New Zealand wine industry

Family logics and environmental sustainability: A study of the New Zealand wine industry

How do family responsible ownership practices enhance social responsibility in small and medium family firms?

Environmental and Social Goals in Spanish SMEs: The Moderating Effect of Family Influence

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