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Family ownership and control as drivers for environmental, social, and governance in family firms

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Main Authors: Jiamu, Sun, Massimiliano Matteo, Pellegrini, Marina, Dabić
Format: Book
Language:English
Published: Springer 2023
Subjects:
ESG
ESG scores
Online Access:https://link.springer.com/article/10.1007/s11846-023-00631-2
https://dlib.phenikaa-uni.edu.vn/handle/PNK/8469
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spelling oai:localhost:PNK-84692023-05-17T01:56:56Z Family ownership and control as drivers for environmental, social, and governance in family firms Jiamu, Sun Massimiliano Matteo, Pellegrini Marina, Dabić ESG ESG scores CC BY Sluggish market demand can deteriorate the financial situation of a company and affect a shareholder’s decision to adopt environmental, social, and governance criteria (ESG). According to the socioemotional wealth theory, family firms place significant emphasis on sustainable development and long-term orientation, but this emphasis can be either internally or externally driven according to the type of involvement chosen by the owning family. Therefore, this study uses listed family firms to explore the relationship between different types of family involvement (i.e., family ownership and control, the influence of market competition, and the institutionalisation level of the environment in which a firm decides to pursue ESG criteria). We performed a multivariate regression analysis on a sample of 1,151 Chinese companies to test these relationships and found that both family ownership and control are positively related to ESG scores. 2023-05-17T01:56:56Z 2023-05-17T01:56:56Z 2023 Book https://link.springer.com/article/10.1007/s11846-023-00631-2 https://dlib.phenikaa-uni.edu.vn/handle/PNK/8469 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic ESG
ESG scores
spellingShingle ESG
ESG scores
Jiamu, Sun
Massimiliano Matteo, Pellegrini
Marina, Dabić
Family ownership and control as drivers for environmental, social, and governance in family firms
description CC BY
format Book
author Jiamu, Sun
Massimiliano Matteo, Pellegrini
Marina, Dabić
author_facet Jiamu, Sun
Massimiliano Matteo, Pellegrini
Marina, Dabić
author_sort Jiamu, Sun
title Family ownership and control as drivers for environmental, social, and governance in family firms
title_short Family ownership and control as drivers for environmental, social, and governance in family firms
title_full Family ownership and control as drivers for environmental, social, and governance in family firms
title_fullStr Family ownership and control as drivers for environmental, social, and governance in family firms
title_full_unstemmed Family ownership and control as drivers for environmental, social, and governance in family firms
title_sort family ownership and control as drivers for environmental, social, and governance in family firms
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s11846-023-00631-2
https://dlib.phenikaa-uni.edu.vn/handle/PNK/8469
_version_ 1772331157154693120
score 8.8894005

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