Corporate Social Responsibility in Large Family and Founder Firms

48 Pages Posted: 16 Aug 2010

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: 26 2010 6,

Abstract

Based on arguments about long-term orientation and corporate reputation, we argue that family and founder firms differ from other firms with regard to corporate social responsibility. Using Bayesian analysis, we then show that family and founder ownership are associated with a lower level of corporate social responsibility concerns, whereas ownership by institutional investors is associated with a higher level of corporate social responsibility concerns and a lower level of corporate social responsibility initiatives. We conclude that it makes sense to distinguish between family, founder and institutional investors and their roles as owners or managers when analyzing the effects of corporate governance on corporate social responsibility.

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

JEL Classification: M10, L2, M12, M, M14

Suggested Citation

Block, Jorn Hendrich and Wagner, Marcus, Corporate Social Responsibility in Large Family and Founder Firms (26 2010 6,). ERIM Report Series Reference No. ERS-2010-027-ORG, Available at SSRN: https://ssrn.com/abstract=1657793

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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