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Does corporate social responsibility help the longevity of centenarian family firms in Europe? 企业社会责任是否有助于欧洲百年家族企业的长寿?
CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES Pub Date : 1900-01-01 DOI: 10.3280/cgrds1-2022oa13806
Francesco Gangi, Eugenio D'Angelo, Lucia Michela Daniele, Maria Coscia
{"title":"Does corporate social responsibility help the longevity of centenarian family firms in Europe?","authors":"Francesco Gangi, Eugenio D'Angelo, Lucia Michela Daniele, Maria Coscia","doi":"10.3280/cgrds1-2022oa13806","DOIUrl":"https://doi.org/10.3280/cgrds1-2022oa13806","url":null,"abstract":"Using a sample of 21 centenarian family firms from European countries over the 2008-2020 study period, we verify if corporate social responsibility (CSR) engagement can help the longevity of the centenarian family firms. In particular, consistent with the stakeholder theory and resource-based view, we find that the corporate social performance (CSP) has a positive impact on the corporate financial performance of family firms, even during a period affected by international financial crisis that stressed the survival of firms. Hence, based on the concept of CSR as a co-specialized asset that improves other assets, such as resilience, corporate identity, reputation and stakeholder influence capability, our results show that CSR engagement represents a key to longevity and a solution to the potential trade-off between the socioemotional wealth and the financial performance of centenarian family firms","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131795220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Family firms' longevity: Evidence from the Italian experience 家族企业的长寿:来自意大利经验的证据
CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES Pub Date : 1900-01-01 DOI: 10.3280/cgrds1-2022oa13777
G. Dossena, Francesca Magno
{"title":"Family firms' longevity: Evidence from the Italian experience","authors":"G. Dossena, Francesca Magno","doi":"10.3280/cgrds1-2022oa13777","DOIUrl":"https://doi.org/10.3280/cgrds1-2022oa13777","url":null,"abstract":"Family firms' longevity is an understudied but highly relevant topic. Understanding the factors that drive family firms' longevity is essential not only to improve the strategies of existing firms but also to inform investors' decisions to support start-ups, taking on the responsibility of long-term allocation of resources. Hence, the purpose of this study is to advance available knowledge by examining relevant cases of bicentenary firms. Specifically, the research relies on a qualitative approach based on interviews. Several themes emerged from the analysis: the symbiotic relationship between the entrepreneur and the company (internal symbiosis) and between the company and its territory (external symbiosis) as one of the main causes of company longevity; longevity as a process; longevity as both a lever and a liability; the interplay between change and preservation.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129773870","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Values of centenarian family firms as a source of longevity 百年家族企业作为长寿之源的价值观
CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES Pub Date : 1900-01-01 DOI: 10.3280/cgrds1-2022oa13752
Gundula Glowka, A. Zehrer, Lena Leifeld
{"title":"Values of centenarian family firms as a source of longevity","authors":"Gundula Glowka, A. Zehrer, Lena Leifeld","doi":"10.3280/cgrds1-2022oa13752","DOIUrl":"https://doi.org/10.3280/cgrds1-2022oa13752","url":null,"abstract":"Being in business over a century, Centenarian family firms (CFF) have demonstrated that they adapt to a changing competitive market environment and successfully established longevity, including an efficient succession routine and dynamic capabilities. While family firms are considered to possess a strong set of values (Lumpkin & Brigham, 2011), it has not been observed, which value sets are vital for longevity. Through the close connection between the individual values of family members and the business itself, values influence the behaviour of CFF (Astrachan et al., 2002; Dyer, 2003; Gersick et al., 1997). Conducting nine qualitative interviews, we identify that CFF balance values for change, which leads to innovation, and values for conserving the status quo of the firm in an equilibrium.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"306 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123093991","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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