Spirituality and Corporate Philanthropy in Indian Family Firms: An Exploratory Study

Bhatnagar, Navneet; Sharma, Pramodita; Ramachandran, Kavil

doi:10.1007/s10551-019-04394-3

Cited by 40 publications

(27 citation statements)

References 27 publications

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“…The family's value system also strongly affects decision-making in organizations (Blodgett et al 2011;Duh et al 2010;Everett 1986;Sharma and Sharma 2011), and religious values are especially important for family firms' ethical practices (Astrachan et al 2020;Kavas et al 2020). Faith-oriented organizational practices, for instance, shape the development of stewardship (Carradus et al 2020) or philanthropic activities in family firms (Bhatnagar et al 2020).…”

Section: Ethical Decision-making In Family Firmsmentioning

confidence: 99%

Ethical Decision-Making in Family Firms: The Role of Employee Identification

2021

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The ethical behavior prevalent in an organization often determines business success or failure. Much research in the business context has scrutinized ethical behavior, but there are still few insights into its roots; this study furthers this line of inquiry. In line with identity work theory, we examine how employees’ identification with a family business shapes internal ethical decision-making processes. Because it is individuals who engage in decision-making—be it ethical or not—our research perspective centers on the individual level. We followed an inductive, qualitative approach and conducted interviews with 19 employees in seven family businesses. We found that individuals engage in identity work when they identify as individual family firm employees and when they identify with the perceived characteristics of the family firm. These processes of identification, in turn, influence how employees cope with ethical situations. Our findings contribute to ethics and family business research, as well as to identity theory.

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Section: Ethical Decision-making In Family Firmsmentioning

confidence: 99%

Ethical Decision-Making in Family Firms: The Role of Employee Identification

2021

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“…Religious transfiguration can help in internalising ethical values among business leaders (Frunza, 2017). Among Indian family firms, religious identity (Abdelgawad & Zahra, 2020) and spirituality (Bhatnagar et al, 2019) is found to be an important driver of ethical corporate behaviour. This can be attributed to the fact that India is home to multiple ancient eastern religious traditions where religious tenets impact an individual's decision and influence human behaviour (Salleh & Ahmad, 2012).…”

Section: Resultsmentioning

confidence: 99%

Examining Influence of Religiosity on Ethical Attitude Towards Business: Evidence from India and China

Goel

Misra

Dhanalakshmi

2020

AAMJ

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The primary purpose of the paper is to examine how religiosity influences ethical attitude towards business and to compare and contrast this relationship for two populous Asian countries: India and China. The socio-cultural setting of both the countries resonates strongly weaved religious values and traditional ideology, though with a disparate political system. Using Attitude towards Business Ethics Questionnaire (ATBEQ) and 10-item Religious Commitment Inventory (RCI-10), data from 231, i.e., n(India)=122 and n(China)=109, respondents is collected, and research variables are compared based on gender and country of origin. Men demonstrate a higher ethical attitude towards business, higher religiosity, and higher score on ethical business philosophies than their women counterparts. Additionally, Indians score significantly higher than the Chinese on the three constructs. The results of regression analysis demonstrate that religiosity influences ethical attitude towards business for men, women, and Indians only. The relationship is not supported for China. The study further deconstructs religiosity into two subscales: intra (inner interpretive understanding) and inter (outer demonstrative action) religiosity to examine their influence on ethical attitude towards business. Individuals with higher intrareligiosity have a higher ethical attitude while no such relationship is evidenced for interreligiosity. Even further, items of ATBEQ are mapped to represent four ethical business philosophies and their differences compared on the basis of sub-constructs of religiosity. Variations in ethical business philosophies are shown by intra-religiosity only. Essentially, it is not about preaching religion, it is about practicing a religion that really matters. Freedom to practice religion, religion-based teaching, and ethical values embedded into business practices could help shape new virtue ethics as an inspiring point of reference and guidance for business leaders.

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“…This paper contributes to the business-family and CSR literature in several ways. First, it analyzes company CSR activities by focusing on the family, which ultimately influences the strategic decisions driving CSR and ethical behavior in family businesses [54]. Second, it analyzes CSR activities and philanthropy during emergencies by using examples of family business collaborations during the COVID-19 pandemic.…”

Section: Discussionmentioning

confidence: 99%

“…In this way, we could apply the FIBER scale to measure the SEW that a family business brings to the family nucleus, in terms of CSR. A multi-case study research in line with Bhatnagar et al [54] could also be considered. The main limitation of this work is derived from its qualitative, non-empirical nature and the difficulty of such a study in terms of access to information.…”

Section: Discussionmentioning

confidence: 99%

Corporate Social Responsibility and Family Business in the Time of COVID-19: Changing Strategy?

et al. 2021

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Companies in general and family businesses in particular engage in local collaborations in rather diverse areas through their corporate social responsibility activities. The COVID-19 pandemic has made these contributions to community improvement more apparent, suggesting a paradigm shift. This conceptual paper proposes a reflection about the evolution of the corporate social responsibility activities linked to family businesses in emergencies and from the socioemotional wealth perspective. The contribution of this paper is twofold. Firstly, it provides an in-depth reflection on the evolution of philanthropy, posing the following questions: are we witnessing a reinvention of corporate social responsibility within the framework of family businesses because of the global pandemic; does this new trend deserve support, given the fundamental role that family businesses have played in this situation; and if so, what should such support consist of, and what is the optimal channel for articulating it? Secondly, the paper proposes a theoretical framework from the socioemotional wealth perspective to advance research about corporate social responsibility carried out by family businesses. Business families are more likely to implement strategies that promote ethical behavior and CSR activities in their companies. The pandemic situation has created new possibilities for developing CSR.

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Spirituality and Corporate Philanthropy in Indian Family Firms: An Exploratory Study

Cited by 40 publications

References 27 publications

Ethical Decision-Making in Family Firms: The Role of Employee Identification

Ethical Decision-Making in Family Firms: The Role of Employee Identification

Examining Influence of Religiosity on Ethical Attitude Towards Business: Evidence from India and China

Corporate Social Responsibility and Family Business in the Time of COVID-19: Changing Strategy?

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