Trade-offs between dimensions of sustainability: exploratory evidence from family firms in rural tourism regions

Kallmuenzer, Andreas; Nikolakis, William; Peters, Mike; Zanon, Johanna

doi:10.1080/09669582.2017.1374962

Cited by 91 publications

(107 citation statements)

References 78 publications

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“…In this sense, the manager acts as a "guardian" of family values and "serves" those values. At the same time, the Socioemotional Wealth Theory assumes that family members want to protect and preserve their social-emotional health [26,40], that is, they act in a way that their activities do not damage their personal image. In this sense, they may not make decisions or develop actions that may negatively affect their socio-emotional dimension.…”

Section: Discussionmentioning

confidence: 99%

“…However, the context that characterizes family businesses presents certain peculiarities with respect to the management-ownership structure and management models, among other aspects [9,10]. Family firms often pursue social and environmental sustainability and CSR efforts that go beyond regulations [26]. For many of these companies, it is important not only to try to maximize profits but often to also generate adequate relationships with the local reference communities and preserve the reputation of the family [27,28].…”

Section: Csr and Smesmentioning

confidence: 99%

“…Socioemotional Wealth Theory involves a series of emotional values intertwined in the management of the family business that meet the affective needs of the family, such as influence and affinity [26,35,40,41]. Thus, as a general rule, family members are motivated by the desire to protect and preserve their social-emotional health [40].…”

Section: Csr and Smesmentioning

confidence: 99%

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Sustainability and Business Outcomes in the Context of SMEs: Comparing Family Firms vs. Non-Family Firms

López-Pérez¹,

Melero‐Polo

Vázquez‐Carrasco

et al. 2018

Sustainability

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Society is demanding more sustainable and socially responsible business models. Therefore, the concept of sustainability has become a cornerstone to help understand the success of many firms in the current competitive context. However, the context of SMEs has received little attention thus far. In order to solve this gap this article analyses the links between sustainability practices and business outcomes—both financial and non-financial (i.e., image and reputation)—for small and medium-size enterprises (SMEs). In addition, the study strives to analyze the potential differences between family firms and non-family firms. To this end, a quantitative study is carried out using PLS techniques to analyze a sample of SME owners and managers with a view to testing the proposed model based on the Stewardship Theory and Socioemotional Wealth Theory. In this sense, our study is pioneering in that it aims to assess—from a quantitative viewpoint—the moderator role of family firms on a series of relevant sustainability-driven outcomes. The data suggest that, in SME contexts, sustainability influences the corporate reputation, brand image, and financial value of the company. Importantly, we find that the profile (family vs. non-family) of the firm moderates the links between sustainability and business outcomes. Hence, our findings have important implications for sustainability implementation in SME contexts. Finally, we provide a series of guidelines aimed at maximizing the effectiveness of sustainability-based business practices.

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Section: Discussionmentioning

confidence: 99%

Section: Csr and Smesmentioning

confidence: 99%

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Sustainability and Business Outcomes in the Context of SMEs: Comparing Family Firms vs. Non-Family Firms

López-Pérez¹,

Melero‐Polo

Vázquez‐Carrasco

et al. 2018

Sustainability

View full text Add to dashboard Cite

show abstract

“…However, different authors have cited a lack of studies on corporate sustainability in family businesses (Berrone, Cruz, Gomez‐Mejia, & Larraza‐Kintana, ; Debicki, Matherne, Kellermanns, & Chrisman, ), and this topic has received increasing attention over the last decade, considering areas ranging from employee relations to ecological concerns and product issues (Berman, Wicks, Kotha, & Jones, ; Dahlsrud, ; Doh & Guay, ; Scherer & Palazzo, ). Consequently, the interaction and trade‐offs between ecological, social, and economic outcomes in FFs require further insight (Campopiano & De Massis, ; Caputo, Pellegrini, Dabic, & Dana, ; Kallmuenzer, Nikolakis, Peters, & Zanon, ).…”

Section: Introductionmentioning

confidence: 99%

“…Considering this emerging interest and the need to expand the determinants of sustainability, further studies in the family business context are required (Campopiano & De Massis, ; Caputo et al, ; Kallmuenzer et al, ; Songini et al, ); this is further supported by the relevance of such businesses to the growth of the worldwide economy. Consequently, the goal of this research is to unlock the internal determinants that affect the approach to sustainability in FFs through a literature review.…”

Section: Introductionmentioning

confidence: 99%

Internal corporate sustainability drivers: What evidence from family firms? A literature review and research agenda

Broccardo

Truant

Zicari

2018

Corp Soc Responsibility Env

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Despite the many studies on corporate sustainability, few have analyzed the specific case of the family business. Family firms have certain characteristics that make them different from nonfamily firms, making it valuable to analyze whether these peculiarities are also reflected in their attitude toward sustainability. Specifically, the determinants of the sustainability concept in family firms are unclear. Given the importance of family businesses in most economies, this paper will contribute to filling this gap, depicting through a literature review the main determinants that can affect the sustainability approach of the family firm. The systematic review was carried out through a documented process to guarantee its replicability. The findings show that drivers do not have a homogenous impact on sustainability initiatives due to the distinctiveness of these types of firms. This review contributes by systematizing the existing literature on such topics, identifying future research avenues, and providing several stimuli for researchers. KEYWORDScorporate sustainability, family firms, internal determinants, internal drivers, literature review, research agenda, stakeholder engagement

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Applying the reduce, reuse, and recycle principle in the hospitality sector: Its antecedents and performance implications

et al. 2021

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Although the literature on eco‐friendly strategies followed by firms is abundant, the focus on the reduce, reuse, and recycle (3Rs) policies as the cornerstone of environmental sustainability is scarce. This study examines the 3Rs environmental strategy among 143 large organizations in the hospitality industry. We use the resource‐based view (RBV) of the firm theory to test the strategy's determinants and its impact on business performance on a suggested conceptualization level. As hypothesized, green corporate governance and environmental management systems, along with slack financial resources, were found to positively influence the adoption of a 3Rs environmental strategy. In turn, the implementation of the latter leads to superior business performance, measured in terms of operating profits and Tobin's Q. The study has several implications on a theoretical, managerial, and public policy level where intriguing directions for future research are provided.

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Trade-offs between dimensions of sustainability: exploratory evidence from family firms in rural tourism regions

Cited by 91 publications

References 78 publications

Sustainability and Business Outcomes in the Context of SMEs: Comparing Family Firms vs. Non-Family Firms

Sustainability and Business Outcomes in the Context of SMEs: Comparing Family Firms vs. Non-Family Firms

Internal corporate sustainability drivers: What evidence from family firms? A literature review and research agenda

Applying the reduce, reuse, and recycle principle in the hospitality sector: Its antecedents and performance implications

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