Nonfinancial reporting in family firms: A systematic review and agenda for future research

Brunelli, Sofia; Sciascia, Salvatore; Baù, Massimo

doi:10.1002/bse.3484

Cited by 7 publications

(5 citation statements)

References 166 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The family business literature benefits from this study in two ways. First, given the increasing demand for non-financial information in general, and ED in particular, this study extends the understanding of voluntary ED practices in family versus non-family firms (Brunelli et al, 2023;Miroshnychenko et al, 2022). Indeed, according to the agency and the RBV logic, family firms' specific behavior can affect their reporting practices differently.…”

Section: Theoretical Contributions and Managerial Implicationsmentioning

confidence: 82%

Family firm status and environmental disclosure: The moderating effect of board gender diversity

Maggi

Gjergji

Vena

et al. 2023

Business Ethics Env & Resp

Self Cite

View full text Add to dashboard Cite

Building on agency and resource‐based view theories, this study investigates the level of environmental disclosure (ED) practices of family versus non‐family firms and explores the moderating role of board gender diversity. We test our hypotheses on a 3‐year (2018–2020) panel data sample comprising 324 observations of Italian small‐ and medium‐sized enterprises traded on the Euronext Growth Milan. Findings show that, compared to non‐family firms, companies with a family firm status are characterized by lower levels of ED. Gender diversity on the board, however, moderates this relationship, reducing this gap, to the extent that the family firm status is associated with higher ED when the number of women directors is high enough to constitute a critical mass. We consequently contribute to the studies on family business, corporate governance, and corporate social responsibility.

show abstract

Section: Theoretical Contributions and Managerial Implicationsmentioning

confidence: 82%

Family firm status and environmental disclosure: The moderating effect of board gender diversity

Maggi

Gjergji

Vena

et al. 2023

Business Ethics Env & Resp

Self Cite

View full text Add to dashboard Cite

show abstract

“…There is a pressing need to foster studies that implies practical implications and underscores the importance of translating academic insights into actionable guidance for family firm managers, consultants and policymakers, ultimately bridging the gap between research and practice in the context of CSR and non-financial reporting or sustainability disclosure overall (Brunelli et al, 2023). This latter evidence is further underlined by the number of family firms that are not large in size and may therefore find themselves lacking specific expertise on the subject (Hsueh, 2018).…”

Section: Discussionmentioning

confidence: 99%

“…The topic of sustainability is on the rise, both in terms of interest in defining its various facets and dimensions in the field of research and as a growing attempt to operationalize it from a social and managerial perspective (e.g. Aureli et al, 2020;Brunelli et al, 2023). Though there have been numerous attempts to bring together within a single perspective or framework(s) even very heterogeneous aspects with regard to the definition of what is sustainable-in terms of dimensions, themes, practices and individual targets-the relevance of these elements changed depending on too many circumstantial factors for the "one-fits-all solution" to be truly applied in various contexts (e.g.…”

Section: Introductionmentioning

confidence: 99%

“…Conversely, financial reporting seems to be no longer sufficient as a stand-alone communication (e.g. Brunelli et al, 2023;Canavati, 2018). An understanding of a company's economic sustainability certainly remains a central pivot in performance assessment and an object of attention by all categories of stakeholders, and the status of family firms does not reduce this tension (e.g.…”

Section: Introductionmentioning

confidence: 99%

“…Moreover, the need for a deeper understanding of the disclosure of external and internal dynamics of the family firms necessarily places the issue of sustainability as one of the most pressing from both a research and managerial perspective (Brunelli et al, 2023). In addition, research on sustainability disclosure in family businesses is still growing and discordant on conclusions, depending on the area of disclosure involved (e.g.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Sustainability performance disclosure and family businesses: a perspective article

Caccialanza

2024

JFBM

View full text Add to dashboard Cite

PurposeThe deeper understanding of the disclosure of external and internal dynamics of family firms necessarily places the issue of sustainability as one of the most pressing needs from both a research and managerial perspective. Therefore, this perspective article contributes to the debate of sustainability performance disclosure in family firms, proposing a research agenda.Design/methodology/approachThis study has organized the discussion around those elements that most significantly impact the propensity to disclose, with a specific focus on the interconnections and interrelations within them. The proposed research agenda is developed around three key elements: “how” firms disclose, “the reason why” they do it and “what” disclose of their performance(s).FindingsTo better understand “how” family firms should disclose their performance, it is suggested to engage in proactive stakeholder engagement to preserve long-term socioemotional wealth. “The reason why” for disclosure is still associated with the legitimization of family firms from an economic, social and environmental point of view. Finally, the “what” depends on several factors, such as the regulatory framework and the market involved.Practical implicationsThis paper contains suggestions for family firm managers, consultants and policymakers that are approaching corporate social responsibility (CSR) and non-financial reporting or sustainability disclosure overall, providing an overview of relevant factors influencing this transition process.Originality/valueThis paper suggests a logical framework to combine these three elements of the debate as strictly interrelated to foster the sustainability performance disclosure of family firms.

show abstract

Environmental, social, and governance reporting in family firms: The critical role of CEO attributes

Seow

2024

Bus Strat Env

View full text Add to dashboard Cite

Amid the global surge in emphasis on environmental, social, and governance (ESG) reporting, the response of family firms to these demands has been underexplored. Chief Executive Officers (CEOs) play an essential role in materializing and adhering to ESG‐related expectations from stakeholders. Anchored in upper echelons and socio‐emotional wealth theoretical frameworks, this study embarks on a novel investigation into the complex attributes of CEOs, aiming to deepen the understanding of their role in advocating for ESG principles. Employing a random effects model with robust standard errors, this research scrutinizes data from Malaysian family firms between 2018 and 2022. Findings reveal that CEO tenure, experience, and board interlocking positively correlate with ESG reporting, enhancing these family firms' sustainability profiles. In contrast, CEO ownership displays a negative correlation with ESG reporting, suggesting a potential conflict between personal ownership interests and broader ESG commitments. This study significantly contributes to the evolving discourse on ESG practices within family firms, highlighting the pivotal influence of distinct CEO attributes on the ESG reporting landscape.

show abstract

Nonfinancial reporting in family firms: A systematic review and agenda for future research

Cited by 7 publications

References 166 publications

Family firm status and environmental disclosure: The moderating effect of board gender diversity

Family firm status and environmental disclosure: The moderating effect of board gender diversity

Sustainability performance disclosure and family businesses: a perspective article

Environmental, social, and governance reporting in family firms: The critical role of CEO attributes

Contact Info

Product

Resources

About