In family firms we trust – Experimental evidence on the credibility of sustainability reporting: A replication study with extension

Nonfinancial reporting in family firms: A systematic review and agenda for future research

“…T A B L E 3 (Continued) Moreover, looking at aspects of nonfinancial performance, only two studies investigate the family influence effect on the relationship between nonfinancial reporting and the credibility gap perceived by external stakeholders (Hsueh, 2018;Stutz et al, 2022). Nevertheless, much is still to be done to understand further and assess the impact of family influence on the relationship between nonfinancial reporting and nonfinancial performance, especially focusing on how the parallel concern for financial and socioemotional goals moderates the relationship between nonfinancial reporting and performance.…”

“…Indeed, according to Hsueh (2018), external stakeholders might perceive a nonfinancial report published by a family firm as less credible than if a nonfamily firm had published it. However, this view has been challenged by Stutz et al (2022), who suggest that family firms may enjoy a credibility advantage regarding nonfinancial reporting. Indeed, external stakeholders might see family firms' governance as a positive signal and increase the firm's positive reputation.…”

One finding is no finding: Toward a replication culture in family business research

“…However, most of the included replications combine elements from different ideal types. Elements of both direct and conceptual replication appear in Dou, Wu, and Fang (2022) replication of Chrisman, Chua, Pearson, and Barnett (2012);Gerken, Hülsbeck, Ostermann, and Hack (2022) replication of Hauck et al (2016); Markin, Skorodziyevskiy, Zhu, and Chrisman (2021) replication of Miller, Le Breton-Miller, Lester, and Cannella Jr (2007); and Stutz, Schell, and Hack (2022) replication of Hsueh (2018).…”

Family Firm Value in the Acquisition Context: A Signaling Theory Perspective

“…In fact, signaling theory has previously been applied across a range of contexts in the family business research field to examine questions, among others, on corporate social responsibility, earnings management, employer attractiveness, consumer perception, investor preferences, and succession (e.g., Chandler et al, 2019; Huang et al, 2019; Schell et al, 2020; Schellong et al, 2019; Sekerci et al, 2022; Stutz et al, 2022). Family business researchers have mainly applied signaling theory in three areas: (i) signals individual family members send—for example, how heirs signal their abilities (Schell et al, 2020; Zhang, 2019); (ii) signals family firms send—for example, through charitable donations, compliance with governance standards, and investments in environmental and social projects (e.g., Gavana et al, 2017; Louie et al, 2019; Maung et al, 2020); and (iii) the family firm status as a signal itself—for example, for applicants, consumers, or investors (Duncan & Hasso, 2018; Hauswald et al, 2016; Schellong et al, 2019; Stutz et al, 2022).…”