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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/22559

Title: Environmental Performance Focus in Private Family Firms: The Role of Social Embeddedness
Authors: Dekker, Julie
Hasso, Tim
Issue Date: 2016
Publisher: SPRINGER
Citation: JOURNAL OF BUSINESS ETHICS, 136(2), p. 293-309
Abstract: We investigate if private family firms have a greater environmental performance focus than nonfamily firms, and if this relationship is moderated by the strength of the firms' social embeddedness. We empirically test these issues using a representative sample of 1452 private Australian small and medium-sized enterprises. Contrary to prevailing assumptions and previous indicative findings in the public firm context, our results show that family firms have a lower environmental performance focus than nonfamily firms. However, in cases where the firm is highly embedded in the social community, we find that family firms have a higher environmental performance focus. We explain our unexpected results by considering the role of financial risk in publicly held family firms. Accordingly, we posit that prior findings in the public firm context may be evidence of families expropriating wealth from nonfamily shareholders rather than altruistic pro-environmental behavior.
Notes: [Dekker, Julie] Res Fdn Flanders FWO, Egmontstr 5, B-1000 Brussels, Belgium. [Dekker, Julie] Hasselt Univ, KIZOK Res Ctr, Agoralaan,Bldg D, B-3590 Diepenbeek, Belgium. [Hasso, Tim] Univ Luneburg, Scharnhorststr 1, D-21335 Luneburg, Germany.
URI: http://hdl.handle.net/1942/22559
DOI: 10.1007/s10551-014-2516-x
ISI #: 000379186100007
ISSN: 0167-4544
Category: A1
Type: Journal Contribution
Validation: ecoom, 2017
Appears in Collections: Research publications

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