CSR and Performance of Family Businesses: A Systematic Review

Lv, Pintian; Li, Yonggiang; Mitra, Debi

doi:10.14453/aabfj.v14i3.6

Cited by 18 publications

(9 citation statements)

References 34 publications

(58 reference statements)

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“…Hospitality family firms have conducted CSR initiatives to protect their credit ratings and further foster a positive corporate image (Singal, 2014). The previous literature has suggested that founding families prefer going beyond simple business operations by promoting CSR practices to achieve a better family reputation (Gavana et al, 2017;Lv et al, 2020). In light of this, and to untangle the mechanism of the CSR-FP link better, the current study examines how the founding family that own, manage and/or control a firm influences this link.…”

Section: Introductionmentioning

confidence: 96%

“…yes or no) without separating family firm corporate governance structures or with using family ownership alone (Kallmuenzer and Peters, 2018;Masset et al, 2019;Singal, 2014). Different family firm corporate governance structures can impact strategic decision in various processes, such as management, voting and/or supervising (Lv et al, 2020). Therefore, the CSR decision can be an essential strategic decision for hospitality and tourism firms (Kang et al, 2010).…”

Section: Introductionmentioning

confidence: 99%

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Does family matter? The moderating role of family involvement on the relationship between CSR and firm performance

Yeon

Lin

Lee

et al. 2021

IJCHM

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Purpose The purpose of this study is to investigate the moderating role of family involvement on the corporate social responsibility (CSR)-firm performance (FP) relationship in the US hospitality industry. Building on agency theory, this study examines how family ownership, management and board control influence the relationship between CSR and FP. Design/methodology/approach To examine the moderating effect of family ownership, family management and family board control, this study adopts the two-way fixed-effects model and performs a panel regression analysis with robust standard errors. The sample period spans 1994–2018 and 565 firm-year observations are included. Findings This study finds that the impact of CSR on FP is positively moderated by the extent of a firm’s family member involvement. In specific, all three aspects of corporate governance (i.e. ownership, management and board control) positively moderate the relationship between CSR and FP. Research limitations/implications Findings of this study yield several recommendations for hospitality managers, including shaping strategic decisions for implementing CSR, by providing a unique perspective that the involvement of founding family members can be helpful in enhancing firm value through CSR activities. Originality/value This study sheds light on the further understanding of the CSR-FP link in the hospitality literature. In addition, this study provides practical guidelines for hospitality firms in the context of CSR by revealing possible advantages of strengthened founding family involvement.

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Section: Introductionmentioning

confidence: 96%

Section: Introductionmentioning

confidence: 99%

Does family matter? The moderating role of family involvement on the relationship between CSR and firm performance

Yeon

Lin

Lee

et al. 2021

IJCHM

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“…From a theoretical perspective, as stated by the Stakeholder Theory, beyond shareholders a company's relationships with a wider range of stakeholders, including customers, governments, employees, environmentalists, and others, serve as a guide to comprehend the firm's range of obligations (Lv et al, 2020). In this line of thought, a contractual relationship is supposed to exist between the company and all its stakeholders, which makes it possible for businesses to be managed for the benefit of all stakeholders, in the financial and non-financial areas (Jain et al, 2016).…”

Section: Csr and Firm Performancementioning

confidence: 99%

“…The analysis of the relationship between CSR and performance has generated enormous interest among academics lately (Beck et al, 2018;Lv et al, 2020;Partalidou et al, 2020;Úbeda-García et al, 2021). Although in most cases, the previous research demonstrates a direct and positive link (Beck et al, 2018;Busch & Friede, 2018;Jang et al, 2019;Nyeadi et al, 2018;Partalidou et al, 2020;Úbeda-García et al, 2021).…”

Section: Csr and Firm Performancementioning

confidence: 99%

Disentangling the impact of ICT adoption on SMEs performance: the mediating roles of corporate social responsibility and innovation

León-Gómez

Jaén

Ruiz‐Palomo

et al. 2022

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Research background: The literature on the effects of Information and Communication Technologies (ICT) on performance is extensive and shows a significant positive effect. Likewise, the use of ICT to facilitate and report on Corporate Social Responsibility (CSR) practices implemented by Small and Medium Enterprises (SMEs) contributes to improve business performance. Moreover, through innovative activities, firms also obtain competitive advantages that impact positively on their performance, even more so when they are impacted by CSR. For this reason, it is expected that the adoption of ICTs in companies through a CSR-oriented strategy will increase their impact on business performance. Purpose of the article: This article tries to examine how ICT affects SMEs? performance through CSR and innovation. Methods: We tested our hypotheses using a sample of 2,825 Spanish SMEs and by applying a Partial Least Squares Path Modeling (PLS-PM) with a double confirmatory and predictive purpose: to identify the causal relationships between latent variables, and to evaluate the ability of the model to make predictions for individual cases. Findings & value added: The results show that CSR-oriented ICT impacts innovation by changing strategies and business model in companies. Moreover, the implementation of CSR practices gave them competitive advantages to increase their performance. We highlight how innovation gives companies greater capacity to respond to changes in their environment and how innovation positively impacts the link between CSR and performance. Finally, our research makes two significant contributions to the literature by incorporating two sequential mediating effects into the model. On the one hand, the indirect effect of ICT on innovation through CSR. On the other hand, the indirect effect of CSR on SME performance through innovation.

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“…The host community of the company occupies a central place in organisational culture and determines the firms' performance in the long run (Nasieku, Togun, & Olubunmi, 2014) Extant studies suggest that large firms, because of their higher capital ratio and more female and minority directors, practice CSR more than the small firms (Cornett, Erhemjamts, & Tehranian, 2014). Even though there have been many studies on the relationship between CSR and firms' performance, there is no consensus regarding the relationship's sign and size (Lv, Li, & Mitra, 2020). Siddiq and Javed (2012) posit that some firms focus on community growth but ignores internal factors and argues that it is difficult to expect CSR from firms because CSR activities may not influence performance.…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility and Financial Performance of Deposit Money Banks: A new Evidence from Nigeria

Ogungbade

2020

IJAES

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The primary purpose of every business firm is to make a profit which is the economic performance in the Triple Bottom Line. However, a social and environmental performance which is Corporate Social Responsibility (CSR) has been argued to be very crucial for firms' sustainability. This argument has drawn the attention of researchers across the globe to various empirical studies which have produced confounding results. This study provides new evidence from Nigeria by disaggregating CSR into Community Development, Education and Health, and finding their effect on performance which is proxied by Return on Assets. The data were extracted from the audited annual reports of 12 Deposit Money Banks listed on Nigeria Stock Exchange for ten years, 2009-2008. The study found out that CSR on Community Developments has a positive and significant effect on financial performance. On the contrary, the study reveals that CSR on Education has an insignificant positive effect on financial performance, and CSR on Health has a negligible negative effect. The study recommends that management of Deposit money banks in Nigeria should not blindly engage in CSR activities, but should selectively select the CSR activities that can take care of all the stakeholders’ interest.

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CSR and Performance of Family Businesses: A Systematic Review

Cited by 18 publications

References 34 publications

Does family matter? The moderating role of family involvement on the relationship between CSR and firm performance

Does family matter? The moderating role of family involvement on the relationship between CSR and firm performance

Disentangling the impact of ICT adoption on SMEs performance: the mediating roles of corporate social responsibility and innovation

Corporate Social Responsibility and Financial Performance of Deposit Money Banks: A new Evidence from Nigeria

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