All in the family? Social performance and corporate governance in the family firm

被引:85
作者
McGuire, Jean [1 ]
Dow, Sandra [2 ]
Ibrahim, Bala [3 ]
机构
[1] Louisiana State Univ, Dept Management, Ourso Coll Business, Baton Rouge, LA 70803 USA
[2] Monterey Inst Int Studies, Grad Sch Int Policy & Management, Monterey, CA 93940 USA
[3] Concordia Univ, John Malson Sch Business, Dept Management, Montreal, PQ, Canada
关键词
Social performance; Family firms; Entrenchment; Corporate governance; INSTITUTIONAL OWNERSHIP; SOCIOEMOTIONAL WEALTH; BOARD DIVERSITY; RESPONSIBILITY; MANAGEMENT; AGENCY; CONSEQUENCES; FAMILINESS; BUSINESS; ENTRENCHMENT;
D O I
10.1016/j.jbusres.2011.10.024
中图分类号
F [经济];
学科分类号
02 ;
摘要
We analyze the social performance of a sample of publicly traded family and non-family firms. Using the KLD index of social performance, we find a negative relationship between family firm status and poor social performance. However, we find no evidence that corporate governance is related to firm social performance. Findings also provide evidence that corporate governance moderates the relationship between extent of family control and social performance. (C) 2011 Elsevier Inc. All rights reserved.
引用
收藏
页码:1643 / 1650
页数:8
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