Founder-Controlled Family Firms, Overconfidence, and Corporate Social Responsibility Engagement: Evidence From Survey Data

Drawing on (mostly) medium-sized and unlisted Polish firms, this study explores the influence of the interaction between founder-controlled family firms and managerial overconfidence on corporate social responsibility (CSR). We demonstrate that founder-controlled family firms show low levels of CSR engagement. This suggests that families try to limit CSR activities that could challenge their control and thus their socioemotional endowment. Moreover, overconfident executives in these firms tend to exhibit superior CSR performance. Consequently, the family’s preference for control can be mitigated by overconfident executives who underestimate the family’s control risk and focus on building reputation by acting socially responsible.

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The Heterogeneity of Family Firms in CSR Engagement

Family Business Review ◽

10.1177/0894486514539004 ◽

2014 ◽

Vol 27 (3) ◽

pp. 206-227 ◽

Cited By ~ 86

Author(s):

Pilar Marques ◽

Pilar Presas ◽

Alexandra Simon

Keyword(s):

Corporate Social Responsibility ◽

Grounded Theory ◽

Social Responsibility ◽

Case Studies ◽

Family Involvement ◽

Family Firms ◽

Stewardship Theory ◽

Spanish Family ◽

Corporate Social ◽

Csr Engagement

This study addresses the heterogeneity of family firms in their engagement with corporate social responsibility (CSR). We build on stewardship theory and socioemotional wealth to explore the foundations of CSR in family firms and to examine whether the extent of engagement is based on values, and how and why this happens. We use the interpretative method of grounded theory to address these questions. Based on 12 case studies of Spanish family firms, this article illustrates the patterns of influence of family involvement and values in explaining the extent and scope of CSR.

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Does corporate social responsibility affect earnings management? Evidence from family firms

Revista de Contabilidad ◽

10.6018/rcsar.349601 ◽

2019 ◽

Vol 22 (2) ◽

pp. 233-247

Author(s):

Eva López-González ◽

Jennifer Martinez-Ferrero ◽

Emma García-Meca

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Earnings Management ◽

Family Firms ◽

Management Practices ◽

Socially Responsible ◽

Responsible Behavior ◽

Panel Data Regression ◽

Social And Environmental Performance ◽

Corporate Social

The purpose of this paper is to shed light on the effect of corporate social responsibility performance on earnings management. We also examine the moderating role of family ownership on the association between earnings management and socially responsible performance. Based on an international sample of 6,442 firm-year observations from 2006 to 2014, we use several validated analysis and panel-data regression models. We find that social and environmental performance is positively related with earnings management; firms with a greater socially responsible performance show a higher discretionary behavior by promoting actions that mask the real financial and economic performance of the firm. However, we find that this positive relation is lower – moderated - in family-owned firms, mainly because of the fact that family firms show a greater socially responsible behavior aimed to preserve their socioemotional endowments and are negatively associated with earnings management practices.; El objetivo de este artículo es intentar aclarar el efecto de la responsabilidad social corporativa en la manipulación de información. También examinamos el efecto moderador de la familia en la relación entre manipulación de información y responsabilidad corporativa. Basados en una muestra internacional de 6,442 observaciones empresa-año durante los años 2006-2014, usamos análisis de validez y modelos de regresión para datos de panel. Hemos concluido que el desarrollo social y ambiental está positivamente relacionado con la manipulación de información; las empresas con una mayor actividad de responsabilidad social muestran un mayor comportamiento de manipulación a través de la promoción de acciones que enmascaran la realidad financiera y económica de la sociedad. Igualmente, encontramos que esta relación positiva es moderada a la baja en empresas familiares, principalmente porque las empresas familiares muestran una mayor responsabilidad social pues están centradas en conservar sus legados emocionales y así mismo están negativamente asociadas con prácticas relativas a la manipulación de información.

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Corporate social responsibility (CSR) in Canadian family firms

Social Responsibility Journal ◽

10.1108/srj-12-2019-0410 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Tao Zeng

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Family Firms ◽

Business Groups ◽

Family Members ◽

Empirical Work ◽

Content Type ◽

Listed Firms ◽

Corporate Social ◽

Csr Engagement

Purpose The purpose of this paper is to examine corporate social responsibility (CSR) activities in Canadian family firms. Design/methodology/approach This paper is an empirical work using a sample of Canadian listed companies for eight years between 2010 and 2017. Findings Relying on five measures for CSR, this paper finds that, compared with other listed firms, family listed firms have a higher level of CSR engagement. Further tests show that family-named family firms engage in more CSR activities; family firms with second largest shareholders engage in more CSR activities; and family firms affiliated with large business groups engage in more CSR activities. However, family firms whose family members are CEOs, presidents or board chairpersons engage in less CSR engagement. Originality/value This paper contributes to the current CSR literature by highlighting the importance of family firm heterogeneity in shaping a firm’s CSR practices. It focuses on four characteristics of Canadian family firms that are potentially connected to CSR, namely, family-named family firms; family firms with family members being CEOs, presidents or chairpersons; family firms with second largest shareholders and family firms affiliated with large business groups.

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Family Firms, Social Responsibility, and Non-Family Member Employees Identification

Think India ◽

10.26643/think-india.v16i3.7816 ◽

2013 ◽

Vol 16 (3) ◽

pp. 10-19

Author(s):

Ang Bao

Keyword(s):

Resource Allocation ◽

Social Responsibility ◽

Family Member ◽

Program Implementation ◽

Social Identity Theory ◽

Family Firms ◽

The Family ◽

Corporate Social ◽

The Relationship ◽

Csr Engagement

The objective of this paper is to find the relationship between family firms’ CSR engagement and their non-family member employees’ organisational identification. Drawing upon the existing literature on social identity theory, corporate social responsibility and family firms, the author proposes that family firms engage actively in CSR programs in a balanced manner to increase non-family member employees’ organisational identification. The findings of the research suggest that by developing and implementing balanced CSR programs, and actively getting engaged in CSR activities, family firms may help their non-family member employees better identify themselves with the firms. The article points out that due to unbalanced CSR resource allocation, family firms face the problem of inefficient CSR program implementation, and are suggested to switch alternatively to an improved scheme. Family firms may be advised to take corresponding steps to select right employees, communicate better with non-family member employees, use resources better and handle firms’ succession problems efficiently. The paper extends employees’ identification and CSR research into the family firm research domain and points out some drawbacks in family firms’ CSR resource allocation while formerly were seldom noticed.

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La legislación tributaria venezolana como promotora de la responsabilidad social empresarial

Oikos ◽

10.29344/07184670.33.1041 ◽

2014 ◽

Vol 16 (33) ◽

pp. 53

Author(s):

Ana Cecilia Chumaceiro Hernández ◽

Judith Josefina Hernández de Velazco

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Tax Law ◽

Socially Responsible ◽

Palabras Clave ◽

Interpretative Approach ◽

Corporate Social

aVenezuelan Tax Law as a Promoter of Corporate Social Responsibility RESUMEN El presente artículo tiene por objetivo disertar sobre los dispositivos contenidos en la legislación tributaria venezolana que actúan como promotores de la responsabilidad social empresarial (RSE), para ello se utilizó el paradigma Cualitativo, bajo un enfoque hermenéutico – interpretativo, cuyo método fue análisis de contenido. En tal sentido se han observado los aspectos, elementos y mecanismos que se encuentran en la LISLR, LIVA y LOCTI que fomentan, incentivan o coadyuvan la RSE; finalmente se plantearan lineamientos para la aceptación de una nueva cultura de RSE con dimensión tributaria. Considerando, que dentro de la legislación tributaria no existen dispositivos específicos que promuevan la RSE, y, ello debe ser tomado en cuenta por el legislador para modificar ciertas normas y crear el incentivo necesario para que las empresas sean de forma congruente socialmente responsables. Palabras clave: legislación tributaria, empresa, promoción, responsabilidad social empresarial. ABSTRACT The objective of this study is to explore regulatory provisions from Venezuelan tax law as promoters of corporate social responsibility (CSR). For the methodological analysis of content, the study uses the qualitative paradigm and a hermeneutical-interpretative approach. The research observes different elements and mechanisms from LISLR, LIVA and LOCTI which encourage and contribute to corporate social responsibility. The study also proposes guidelines for the acceptance of a CSR culture from a tax dimension. The fact that there are no regulatory provisions within the Venezuelan tax law needs to be taken into account by legislators in order to amend certain norms and create the necessary incentives for companies to be socially responsible. Keywords: tax law; companies; encouragement; corporate social responsibility. Este trabajo es el resultado de investigaciones que se desarrollan en la línea “Responsabilidad Social, Empresa y Estado” del Centro de Estudios e Investigaciones Socioeconómicas y Políticas (CEISEP-UNERMB).

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Corporate Social Responsibility and Earnings Management: The Moderating Role of Family Ownership

10.34091/ajss.12.1.14 ◽

2019 ◽

Vol 12 (1) ◽

Author(s):

Asif Saeed ◽

Aijaz Mustafa Hashmi ◽

Attiya Yasmin Javid

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Earnings Management ◽

Family Firms ◽

Negative Impact ◽

Stock Exchange ◽

Least Square ◽

Family Ownership ◽

Corporate Social ◽

The Impact

This study aims to explore the impact of family ownership on the relationship among corporate social responsibility (CSR) and earning management (EM) in Pakistan. Data is collected from nonfinancial listed firms on Pakistan Stock Exchange (PSE) for the period 2009-2017. Our results of pooled ordinary least square regression indicate that CSR has significant negative impact on EM. Furthermore, results also indicate that association between CSR and EM is moderated by family ownership. Family firms which perform CSR activities are less involved in EM as compare to nonfamily firms perform CSR activities. This variation in behavior of EM in family and non-family firms can possibly be explained by socioemotional wealth theory. Keywords: Corporate Social Responsibility, Earnings Management, Family Ownership

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Does CSR Activity Amount to Socially Responsible Management?

Philosophy of Management ◽

10.1007/s40926-020-00158-6 ◽

2021 ◽

Author(s):

M. John Foster

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Local Community ◽

Annual Reports ◽

Socially Responsible ◽

Responsible Management ◽

Exploratory Investigation ◽

Research Questions ◽

The Uk ◽

Corporate Social

AbstractIn essence firms or companies are usually thought to exist to make products for or provide services of some sort to third parties, other companies or individuals. The philosophical question which naturally arises then is ‘to the benefit of whom should a firm’s activities be aimed?’ Possible answers include the owners of the firm, the firm’s employees or wider society, the firm’s local community or their host nation. It is because of firms’ location within a wider society that the issue of corporate social responsibility arises. The issue is do they contribute in a positive way to the fabric of society. In this paper we conduct an exploratory investigation whose research questions, broadly, are whether there is public evidence of corporate social responsibility activity by firms listed in the UK and to what extent, if any, such activities may amount to genuinely socially responsible management by the firms. We examined the most up to date annual reports of a split sample of 36 firms listed in the FTSE 350. The short answers to the two research questions above are: to some degree and no by some margin, based on data from the sample firms.

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Enhancing the employer-employee relationship through corporate social responsibility (CSR) engagement

International Journal of Contemporary Hospitality Management ◽

10.1108/ijchm-07-2014-0319 ◽

2015 ◽

Vol 27 (7) ◽

pp. 1479-1498 ◽

Cited By ~ 34

Author(s):

Daraneekorn Supanti ◽

Ken Butcher ◽

Liz Fredline

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Hotel Management ◽

Content Type ◽

Beneficial Effects ◽

Specific Effects ◽

Employee Relationship ◽

Hotel Managers ◽

Corporate Social ◽

Csr Engagement

Purpose – The purpose of this study is to understand how hotel managers perceive the benefits that may accrue to employees and hotels through their engagement in corporate social responsibility (CSR) activities. Design/methodology/approach – In-depth interviews with 23 hotel managers, representing various functional responsibilities, were undertaken across four provinces in Thailand. The sample included local and international chain hotels. Findings – Hotel managers from all functional areas and levels acknowledged that CSR substantially enhanced the employer–employee relationship. Five themes depicting the beneficial effects were identified: a relationship unifying process, having fun, feeling pride, developing skills and building teamwork. These themes reflect three core factors of emotional responses, social capital and task-related skills. Practical implications – The paper illustrates that CSR activities can be customised to elicit specific effects that will engender beneficial outcomes for both hotel management and employees. Originality/value – This paper provides new insights into how hotel managers perceive the employer-employee relationship is enhanced through CSR engagement. In addition, the paper presents a practical model that will be of interest to both academics and practitioners.

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CSR in the German Mittelstand

10.5771/9783828876835 ◽

2021 ◽

Author(s):

Marina Lipski

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Role Model ◽

Positive Trend ◽

Theoretical Perspectives ◽

Corporate Social ◽

Csr Engagement

Increasingly aware of the advantages and rewards of corporate social responsibility (CSR), more small and medium-sized companies (SMEs) are interested in engaging in CSR. This book focuses on the German Mittelstand, which consists mostly of SMEs and is considered a role model for other economies. It examines the development of CSR engagement in the German Mittelstand and outlines trends that will allow better recommendations for CSR implementation. The positive trend toward the issue leads to the necessity of a structured CSR approach. Thus, this book offers an overview of important theoretical perspectives, an analysis of the CSR development in the German Mittelstand, and strategic considerations for a successful CSR implementation. With a foreword by Olga Kuznetsova.

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Corporate social responsibility and firm performance in South Africa

South African Journal of Business Management ◽

10.4102/sajbm.v45i1.113 ◽

2014 ◽

Vol 45 (1) ◽

pp. 1-12 ◽

Cited By ~ 7

Author(s):

K. Demetriades ◽

C. J. Auret

Keyword(s):

Regression Analysis ◽

Corporate Social Responsibility ◽

Firm Performance ◽

Social Responsibility ◽

Social Performance ◽

Sample Period ◽

Socially Responsible ◽

Responsible Investing ◽

The Individual ◽

Corporate Social

Corporate Social Responsibility (CSR) can be viewed from two different perspectives: that of the business; and that of the individual investor (Socially Responsible Investing, SRI). In this study regression analysis as well as an event study was used to examine the link between CSR and firm performance. The results suggested that in the short-term there were no significant price effects on the SRI shares. In contrast, the returns of SRI portfolios over the sample period seemed to be superior to those of conventional firms. The regression analysis found that generally the SRI coefficients were insignificant; however using one of the models during the fifteen year sample period, SRI constituents attained a ROE that was 11.18% higher (as well as a ROA that was 1.824% lower) than conventional firms. When the period was restricted to 2004-2009 it was found that social performance was positively - and sometimes significantly - correlated with ROE.

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