Template-Type: ReDIF-Paper 1.0
Author-Name: Block, J.H.
Author-Name-Last: Block
Author-Name-First: Jörn
Author-Person: pbl61
Author-Name: Wagner, M.
Author-Name-Last: Wagner
Author-Name-First: Marcus
Title: Corporate Social Responsibility in Large Family and Founder Firms
Abstract: Based on arguments about long-term orientation and corporate reputation, we argue that family and founder firms differ from other firms with regard to corporate social responsibility. Using Bayesian analysis, we then show that family and founder ownership are associated with a lower level of corporate social responsibility concerns, whereas ownership by institutional investors is associated with a higher level of corporate social responsibility concerns and a lower level of corporate social responsibility initiatives. We conclude that it makes sense to distinguish between family, founder and institutional investors and their roles as owners or managers when analyzing the effects of corporate governance on corporate social responsibility.
Creation-Date: 2010-06-26
File-URL: https://repub.eur.nl/pub/20273/ERS-2010-027-ORG.pdf
File-Format: application/pdf
Series: RePEc:ems:eureri
Number: ERS-2010-027-ORG
Classification-JEL: L2, M, M10, M12, M14
Keywords: corporate social responsibility, family firms, family management, family ownership, founder firms, long-term orientation
Handle: RePEc:ems:eureri:20273