Corporate Social Responsibility of Large Family and Founder Firms

41 Pages Posted: 18 Jun 2010 Last revised: 1 Dec 2014

See all articles by Jorn H. Block

Jorn H. Block

University of Trier - Faculty of Management; Erasmus University Rotterdam (EUR) - Institute of Management (ERIM)

Marcus Wagner

Julius-Maximilians-University of Wuerzburg; BETA

Date Written: June 16, 2010

Abstract

Based on socioemotional wealth theory, we argue that family and founder firms differ from other firms with regard to corporate social responsibility concerns. We further argue that the ownership and management dimensions of founder firms have opposite effects. Using a dataset of large public US firms, we show that family and founder ownership is associated with fewer corporate social responsibility concerns (CSR concerns), whereas the presence of founder CEO is associated with more CSR concerns. We therefore conclude that it is reasonable to distinguish between family and founder firms and their respective ownership and management dimensions when analyzing CSR in large firms.

Keywords: Family firms, corporate social responsibility, founder firms, family ownership, family management, long-term orientation

JEL Classification: M10, M14

Suggested Citation

Block, Jorn Hendrich and Wagner, Marcus, Corporate Social Responsibility of Large Family and Founder Firms (June 16, 2010). Available at SSRN: https://ssrn.com/abstract=1625674 or http://dx.doi.org/10.2139/ssrn.1625674

Jorn Hendrich Block (Contact Author)

University of Trier - Faculty of Management ( email )

D-54296
Germany

Erasmus University Rotterdam (EUR) - Institute of Management (ERIM) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Marcus Wagner

Julius-Maximilians-University of Wuerzburg ( email )

Stephanstr. 1
Wuerzburg, D-97070
Germany

BETA ( email )

France

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