Family ownership and corporate social responsibility: the moderating effect of institutional ownership

被引：0

作者：

Bouzgarrou, Houssam ^{[1
]}

Houcine, Majdi ^{[2
]}

Ftiti, Zied ^{[3
]}

Louhichi, Wael ^{[4
]}

机构：

[1] Univ Sousse, ISFF, Fsegt, Tunisia

[2] Univ Sousse, Sousse, Tunisia

[3] EDC Business Sch, Paris, France

[4] ESSCAC Business Sch, Cergy, France

来源：

ECONOMICS BULLETIN | 2022年 / 42卷 / 02期

关键词：

MANAGERIAL INCENTIVES; FIRMS; PERFORMANCE; MANAGEMENT; GOVERNANCE; INVESTORS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The goal of this paper is to examine the impact of family ownership on corporate social responsibility (CSR), taking into account the moderating role of institutional investors. Using a sample of 70 listed French firms over the period 2003-2017, we obtain the following results. Family ownership negatively affects CSR; however, institutional investors positively affect CSR. Interestingly, our results show that institutional investors negatively moderate the relationship between family ownership and CSR.

引用

页码：1135 / 1152

页数：18

共 37 条

[1]

Albert Stuart., 1985, RES ORGAN BEHAV, V7, P263

[2] Founding-family ownership, corporate diversification, and firm leverage [J].