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

Dyer, William G.; Whetten, David A.

doi:10.1111/j.1540-6520.2006.00151.x

Cited by 893 publications

(971 citation statements)

References 42 publications

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“…One study has investigated the corporate social performance of firms, comparing 202 non-family and 59 family firms that appeared on the Standard and Poor's 500 for ten years (Dyer & Whetten, 2006). These firms, while family owned, experienced high growth so they can also be considered entrepreneurial ventures.…”

Section: Corporate Social Responsibility and Entrepreneurship Researchmentioning

confidence: 99%

“…These firms, while family owned, experienced high growth so they can also be considered entrepreneurial ventures. Dyer and Whetten (2006) used KLD data on corporate social performance to show that family firms appear more socially responsible than non-family firms, and that family firms had significantly fewer product, environmental and employee concerns -three social concern measuresthan non-family firms. This recent study hopefully will foster additional research focusing on CSR or ethical behaviours of firms, relying on more objective data rather than surveys asking entrepreneurs or business owners to report on their attitudes and behaviours.…”

Section: Corporate Social Responsibility and Entrepreneurship Researchmentioning

confidence: 99%

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An overview of empirical research on ethics in entrepreneurial firms within the United States

Baucus

Cochran

2014

AJOBE

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ABSTRACT. Scholars recognise that entrepreneurs may encounter different ethical issues and pressures than managers in larger corporations. This has fostered empirical research aimed at assessing ethics in entrepreneurial settings in the United States. Our emphasis on empirical research with little attention paid to purely conceptual papers allows us to highlight the narrow definition of entrepreneurship used in the US and how US researchers distinguish between entrepreneurship and other types of small businesses. This differs greatly from many other countries, especially those in which researchers equate entrepreneurship with the study of small and medium sized enterprises (SMEs). Researchers in the US often distinguish ethics from corporate social responsibility (CSR), corporate social performance (CSP), stakeholder theory and stakeholder management with different theoretical models proposed in each of these areas. After discussing these various definitional issues, we review the empirical research on ethics in entrepreneurial firms, discussing what the results tell us, identifying gaps in prior research and concluding with recommendations for future research that draws more heavily on theoretical frameworks in the field of ethics.

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Section: Corporate Social Responsibility and Entrepreneurship Researchmentioning

confidence: 99%

Section: Corporate Social Responsibility and Entrepreneurship Researchmentioning

confidence: 99%

An overview of empirical research on ethics in entrepreneurial firms within the United States

Baucus

Cochran

2014

AJOBE

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“…For family owners, employee satisfaction in their daily work life is of high priority to increase employee retention, but also because their reputation in society is important -particularly if the company name entails the family name (Dyer and Whetten 2006).…”

Section: Family Specific Goals and Corporate Governance Structuresmentioning

confidence: 99%

Influence of Internal Factors on the Use of Equity-and Mezzanine-Based Financing in Family Firms

Achleitner¹,

Lutz²,

Schraml³

2012

Oxford Handbooks Online

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Suggested Citation: Achleitner, Ann-Kristin; Lutz, Eva; Schraml, Stephanie (2009) : Influence of internal factors on the use of equity-and mezzanine-based financing in family firms, CEFS working paper series, No. 2009-14, Center for Entrepreneurial and Financial Studies (CEFS) EQUITY-AND MEZZANINE-BASED FINANCING IN FAMILY FIRMS AbstractThe paper analyzes internal factors which influence the use of equity-and mezzaninebased financing instruments in German privately held family firms. Based on a sample of 195 surveys of family firms, we investigate the impact of family specific goals and corporate governance structures on the use of financial instruments such as retained earnings, private equity and silent partnerships. We find that family goals have a complex impact on the decision to use or not to use these instruments and parallel existing goals can result in diverging financing preferences. Furthermore, we find that the impact of corporate governance structures on financing decisions is mainly driven by the existence of an advisory board and the involvement of external managers in the management board.Our findings contribute to a better understanding of financing decisions in family firms and demonstrate the necessity to include family firm specific characteristics such as family goals and corporate governance structures in the analysis of financing decisions

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“…The centrality -particularly in terms of power -arises through the owner manager's strong attachment to the firm, and the potential for the owner manager's identity to be interwoven between the family, and business (Dyer and Whetten, 2006). Handler's (1990) sequential model of role adjustment explains the process of succession through four stages, suggesting that the successor gradually adopts the owner manager's role to become the new leader.…”

Section: Transfer and Decision-making Powermentioning

confidence: 99%

A power perspective on knowledge transfer in internal succession of small family businesses

Muskat

Zehrer

2017

Journal of Small Business & Entrepreneurship

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The aim of this paper is to apply a power perspective to knowledge transfer in internal succession processes of small family businesses. We argue that knowledge is a source of power. Distilling existing literature on small family businesses, knowledge transfer and power theory, we focus on the role of owner-manager and successor in internal succession. Propositions are formulated, theorizing the influence of (1) expert power, (2) decision-making power, (3) trust, (4) rivalry, and (5) capabilities. First, we conclude, familiness and high levels of trust in small family businesses influence power relationships between successor and predecessor positively. Second, the existence of high power imbalances within familiness can slow progress in knowledge transfer in succession, and particularly negatively impact on tacit knowledge transfer from one generation to the next

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

Cited by 893 publications

References 42 publications

An overview of empirical research on ethics in entrepreneurial firms within the United States

An overview of empirical research on ethics in entrepreneurial firms within the United States

Influence of Internal Factors on the Use of Equity-and Mezzanine-Based Financing in Family Firms

A power perspective on knowledge transfer in internal succession of small family businesses

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