| Autor: |
Atiqa Rehman, Halit Gonenc, Niels Hermes |
| Přispěvatelé: |
Faculty of Economics and Business, Research programme EEF |
| Jazyk: |
angličtina |
| Rok vydání: |
2023 |
| Předmět: |
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| Zdroj: |
Journal of Family Business Strategy |
| ISSN: |
1877-8585 |
| Popis: |
We study whether differences in shareholder protection by countries are important in explaining lower corporate social performance (CSP) of family firms vis-à-vis non-family firms. We create a dataset covering 46 countries for the period 2002–2016. Using a novel approach, we show that the difference in CSP of family firms relative to similar non-family firms is smaller when family firms experience stronger minority shareholder protection to reduce conflicts of interest than non-family firms do. Moreover, we find that the difference in CSP of family firms relative to similar non-family firms is larger when family firms experience stronger shareholders’ rights in corporate governance than non-family firms do. Our results support the view that differences in country-level shareholder protection play an important role in explaining the differences in CSP between family and non-family firms. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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