Roots and rewards: Exploring the symbiotic relationship between familism and Chinese family business philanthropy

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-10-24 DOI:10.1016/j.frl.2024.106348

Kun Wang , Yunfan Yang , Jingfei Ren , Yingkai Tang

引用次数: 0

Abstract

This study examines the profound influence of familism on the philanthropic behaviours of family businesses (FBs) in China, utilising data from A-share listed FBs from 2012 to 2020. Familism, a core cultural ethos in China, not only shapes family dynamics but significantly impacts broader socio-economic activities, including corporate philanthropy. Our findings reveal that the intensity of familism within FBs correlates positively with their philanthropic donations. This relationship suggests that FBs embed familial values deeply within their corporate strategies, thus enhancing their social reputation and contributing to societal welfare. Importantly, this study enriches the literature in the field of culture and corporate finance by illustrating how familism transcends internal business practices to influence community-oriented activities, broadening the understanding of how cultural values shape corporate philanthropy globally.

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根源与回报：探索家族主义与中国家族企业慈善事业之间的共生关系

本研究利用 2012 年至 2020 年 A 股上市家族企业的数据，探讨了家族主义对中国家族企业慈善行为的深远影响。家族主义是中国的核心文化精神，它不仅塑造了家族的活力，还对包括企业慈善事业在内的更广泛的社会经济活动产生了重大影响。我们的研究结果表明，外商投资企业的家庭主义强度与其慈善捐赠呈正相关。这种关系表明，外商投资企业将家庭主义价值观深深植入其企业战略中，从而提高了企业的社会声誉，为社会福利做出了贡献。重要的是，这项研究丰富了文化与企业财务领域的文献，说明了家族主义如何超越内部商业实践，影响以社区为导向的活动，拓宽了对文化价值观如何塑造全球企业慈善事业的理解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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