More bang for their buck: Why (and when) family firms better leverage corporate social responsibility
Journal
Journal of Management
ISSN
0149-2063
Type
journal article
Date Issued
2022-01-10
Author(s)
Abstract (De)
Family firms take different strategic actions because of their desire to grow and preserve socioemotional wealth (SEW) but pursuing SEW also generates what we call SEW resources that deliver advantages in certain contexts. We develop and test this idea with respect to corporate social responsibility (CSR). We theorize that SEW resources such as reputation, strong stakeholder relationships, and long-term orientation help family firms better leverage symbolic CSR to enhance short-term firm performance and better leverage substantive CSR to enhance long-term firm performance. Regression analyses on a 20-year panel of S&P 500 firms provide supportive evidence. Findings indicate that family firms not only “do it differently” to preserve SEW; they sometimes “do it better” because of SEW.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Sage Publ.
Subject(s)
Division(s)
Eprints ID
265598
File(s)![Thumbnail Image]()
Name
Combs Jaskiewicz Ravi Walls_2021_author version.pdf
Size
1.53 MB
Format
Adobe PDF
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