Corporate social responsibility in family firms: A contingency approach

This research examines how family firms behave towards corporate social responsibility performance and the moderating role of contingent factors based on governance and environmental aspects. After applying several Tobit regressions for an international sample, from 2006 to 2014, this paper supports the following: family firms behave towards corporate social responsibility, aiming to preserve their socioemotional wealth and the firm's survival. Moreover, several contingency factors moderate on this commitment. Concretely, the socially responsible behaviour of family firms is greater: (i) under the large presence of family members on the management team and family directors on the board of directors (i.e., as governance factors) and (ii) in munificent contexts (i.e., as an environment factor). (C) 2018 Elsevier Ltd. All rights reserved.