Family Firms and Social Responsibility: Preliminary Evidence from the S&P 500

Entrepreneurship Theory and Practice - Tập 30 Số 6 - Trang 785-802 - 2006
William G. Dyer1, David A. Whetten2
1Center for Economic Self–Reliance at the Marriott School of Management, Brigham Young University.
2Faculty Center at Brigham Young University.

Tóm tắt

Little is known about the impact of family ownership and management on corporate social performance. Some scholars have suggested that family firms are not likely to act in a socially responsible manner, while others have indicated that socially responsible behavior on the part of the family firm protects the family's assets. This preliminary study compares the degree to which family and nonfamily firms are socially responsible using data from 1991 to 2000 from the S&P 500. Two hundred sixty–one firms (202 nonfamily and 59 family) appeared in the S&P 500 for the 10–year period. Findings show that family firms are more socially responsible than nonfamily firms along several dimensions. This is likely due to family concern about image and reputation and a desire to protect family assets.

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Entrepreneurship Theory and Practice

Tập 30 Số 6

785-802

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