Unveiling the Direct Effects of Family Firm Heterogeneity on Environmental Performance
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INVESTIGACIONMetadata
Title
Unveiling the Direct Effects of Family Firm Heterogeneity on Environmental PerformanceAuthor (s)
Date
2022Publisher
MDPIISSN
2071-1050Bibliographic citation
FORÉS, Beatriz, et al. Unveiling the Direct Effects of Family Firm Heterogeneity on Environmental Performance. Sustainability, 2022, vol. 14, núm. 16, p. 10442Type
info:eu-repo/semantics/articlePublisher version
https://www.mdpi.com/2071-1050/14/16/10442Version
info:eu-repo/semantics/publishedVersionSubject
Abstract
By combining agency theory and the resource- and capabilities-based view, this paper
aims to unveil the influence of family firm heterogeneity on environmental performance. Previous
results are inconsistent about ... [+]
By combining agency theory and the resource- and capabilities-based view, this paper
aims to unveil the influence of family firm heterogeneity on environmental performance. Previous
results are inconsistent about how the specific features of this type of business contribute to better
environmental protection performance. We analyse a number of variables related to the management,
ownership and corporate governance characteristics of the family business and their individual
influence on environmental performance. We test our hypotheses using a database of 748 family
firms in the Spanish tourism sector. This economic sector, which is mostly composed of family
businesses, puts great pressure on the environment. As such, family firms must take an active
role in the resolution of the environmental problems that afflict society. We find that the effects
of a family-controlled ownership and management structure on environmental performance are
negative. Family-founder firms with a high degree of family control also are shown to have a negative
relationship with environmental performance. However, the existence of a formal management
mechanism, such as a management committee, emerges as the most powerful structural factor in
facilitating the achievement of environmental objectives. The conclusions drawn from this study
allow us to outline future lines of research as well as recommendations for practitioners. Our study
responds to the call made in the literature to delve deeper into the heterogeneity of the family
business, and specifically to determine which of its characteristic features allow this type of business
to achieve better environmental performance. [-]
Is part of
Sustainability, 2022, vol. 14, núm. 16, p. 10442Funder Name
Generalitat Valenciana | Universitat Jaume I | Ministerio de Ciencia e Innovación
Project code
GV/2021/155 | UJI-A2021−06 | PID2020-119642GB-I00 | PD-UJI/2019/13
Project title or grant
Plan de promoción de la investigación científica, el desarrollo tecnológico y la innovación (I+D+i) en la Comunitat Valenciana | Proyectos de investigación científica y desarrollo tecnológico | Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2024
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