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    Why some are more equal: Family firm heterogeneity and the effect on management’s attention to CSR (Published Online)

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    Publication type
    Article in academic journal
    Author
    Fehre, Kerstin
    Weber, Florian
    Publication Year
    2019
    Journal
    Business Ethics - A European Review
    
    Metadata
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    Abstract
    Research at the family firm–Corporate Social Responsibility (CSR) nexus lacks agreement about whether family firms are more or less socially responsible than their non‐family counterparts, which leads discussion relating to the bright and dark side of socioemotional wealth (SEW). We add to this ongoing debate in two different ways. First, we build on family firm heterogeneity and argue for a gray side to SEW, located between the bright and dark sides that is dependent upon the kind of family firm ownership. Second, we assume that prior research on a diverse set of CSR behaviors may, to some extent, explain the contradicting results; thus, we propose going back a step and focusing on management’s attention to CSR as an important antecedent of CSR behavior. By analyzing the letters to the shareholders of German HDAX firms from 2003 to 2012, this study finds that family ownership positively affects management’s attention to CSR, mainly driven by founders and family foundations. The research adds to our understanding of the family firm–CSR nexus by scrutinizing the role SEW plays in management’s attention to CSR when it comes to family firm heterogeneity.
    Keyword
    Corporate Social Responsibility (CSR), Family Business
    Knowledge Domain/Industry
    Entrepreneurship
    DOI
    10.1111/beer.12225
    URI
    http://hdl.handle.net/20.500.12127/6139
    ae974a485f413a2113503eed53cd6c53
    10.1111/beer.12225
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