Impact of family business identity on green innovation: The moderating role of family culture

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2025-04-24 DOI:10.1016/j.irfa.2025.104276

Yali Zhao , Ran Zhou , Liyuan Pang

引用次数: 0

Abstract

This study examines the impact of family business identity on green innovation, using data from family businesses listed on China's A-share markets between 2011 and 2020. The results indicate that family business identity has a significant negative effect on green innovation, particularly on substantive green innovation. This effect is further amplified by China's distinctive family culture. Mechanism analysis suggests that a strong family business identity heightens resource pressures due to an emphasis on restricted socioemotional wealth, thereby limiting proactive engagement in green innovation initiatives. These findings help explain the “green development dilemma” faced by family businesses and offer empirical evidence and managerial insights to support greater engagement in green innovation practices among family businesses in China.

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家族企业认同对绿色创新的影响：家族文化的调节作用

本研究利用2011年至2020年在中国a股上市的家族企业的数据，考察了家族企业身份对绿色创新的影响。结果表明，家族企业认同对绿色创新具有显著的负向影响，尤其是对实质性绿色创新。这种影响被中国独特的家庭文化进一步放大。机制分析表明，强烈的家族企业认同感由于强调有限的社会情感财富而加剧了资源压力，从而限制了对绿色创新举措的积极参与。这些发现有助于解释家族企业面临的“绿色发展困境”，并为支持中国家族企业更多地参与绿色创新实践提供了经验证据和管理见解。

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

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.