Exploring strategic corporate sustainability management in family businesses: A systematic literature review DOI Creative Commons

Simone Häußler,

Patrick Ulrich

Review of Managerial Science, Год журнала: 2024, Номер unknown

Опубликована: Июнь 6, 2024

Abstract The escalating demands from legislative authorities and stakeholders for companies to adopt corporate sustainability measures underscore the growing importance of strategic management. Despite efforts made by in this domain, management family businesses remains an under-researched area. To address gap, we conducted a systematic literature review covering period 2006 2022, on topic businesses. Our investigation encompasses content analysis 98 relevant studies. research question is: “What aspects are taken into account their strategies?” We tackle issue through methodological triangulation qualitative quantitative methods. results yield three clusters strategies businesses: (1) Family values succession planning; Stakeholder relations communication; (2) Risk taking, Inventions, Technologies; (3) Entrepreneurship Intrapreneurship. In addition, systematically present range descriptive indicators, including methodologies applied geographic focus published literature. This contributes significant insights scholars practitioners alike, providing valuable guidance field. Moreover, our study paves way further investigations that influence within context By shedding light critical area, aim foster more sustainable informed approach practices among family-owned enterprises.

Язык: Английский

Institutional ownership heterogeneity and ESG performance: Evidence from China DOI
Yizhi Wang, Yongjia Lin, Xiaoqing Fu

и другие.

Finance research letters, Год журнала: 2022, Номер 51, С. 103448 - 103448

Опубликована: Ноя. 12, 2022

Язык: Английский

Процитировано

83
Institutional Investors and ESG Preferences DOI
Florencio López‐de‐Silanes, Joseph A. McCahery, Paul C. Pudschedl

и другие.

Corporate Governance An International Review, Год журнала: 2024, Номер 32(6), С. 1060 - 1086

Опубликована: Апрель 15, 2024

ABSTRACT Research Question/Issue We examine the effect of multiple environmental, social, and governance (ESG) scores on institutional investor ownership firms portfolio weightings. are also first to analyze three individual components ESG rankings estimate relative preferences investors. Findings/Insights Using a unique panel dataset covering US companies portfolios over 2010–2019 period, we find that while investors driven add high‐quality their portfolios, there is negative relationship with when it comes taking large stakes. Furthermore, negatively related weightings investors, which raises concerns greenwashing. Our analysis points significantly larger effects G in terms holdings, only score no impact Finally, support systematic stewardship theory, top allocate higher proportions high‐ESG ratings. results robust use difference‐in‐differences addressing endogeneity concerns. Theoretical/Academic Implications The findings this paper offer important policy implications for managers, policymakers. Given ongoing debate scores, shows importance examining greenwashing who have concern regarding extent valuation assets might be influenced by unsupported sustainability claims. In addition, our study adds investing theory.

Язык: Английский

Процитировано

26
Digital finance and corporate green investment: A perspective from institutional investors and environmental regulations DOI
Sohail Ahmad Javeed, Rashid Latief,

Xiang Cai

и другие.

Journal of Cleaner Production, Год журнала: 2024, Номер 446, С. 141367 - 141367

Опубликована: Фев. 19, 2024

Язык: Английский

Процитировано

23
Does central environmental protection inspection improve corporate environmental, social, and governance performance? Evidence from China DOI
Lin Wang,

Quanquan Le,

Manru Peng

и другие.

Business Strategy and the Environment, Год журнала: 2022, Номер 32(6), С. 2962 - 2984

Опубликована: Окт. 22, 2022

Abstract The analysis of the impact central environmental protection inspection (CEPI) on corporate environmental, social, and governance（ESG) performance is important for reforming operation mechanism CEPI to improve its effectiveness fundamentally enhance ESG achieve sustainable development. This paper empirically examines using a multi‐period difference‐in‐differences (DID) model with research sample 674 listed firms in China from 2013 2018. results show that can significantly performance, strengthening regulation by local governments potential channel. internal governance mechanisms foreign institutional investor shareholding, as well external analyst following media coverage, effectively strengthen improvement effects. Further also reveals there are differences different approaches, “look‐back” outperforming routine inspection. Heterogeneity at firm regional levels critical factor causing improvements. work not only enriches micro‐effects but provides reference their use investment business decisions.

Язык: Английский

Процитировано

57
Impact of Green Process Innovation and Productivity on Sustainability: The Moderating Role of Environmental Awareness DOI Open Access

Congbin Cheng,

Sayed Fayaz Ahmad, Muhammad Irshad

и другие.

Sustainability, Год журнала: 2023, Номер 15(17), С. 12945 - 12945

Опубликована: Авг. 28, 2023

Sustainability is one of the fastest-growing research areas globally. Irrespective industry and economic activity, it need day. This study examines impact green process innovation production on sustainability in Pakistan India’s cement plastic manufacturing industries. The also addresses moderating role environmental awareness, which increases effect productivity towards sustainability. based a quantitative approach to addressing issue question. Primary data were collected via closed-ended questionnaire from 657 employees industries, analyzed partial least square structural equation modeling SmartPLS. findings show that have significant sustainability, while awareness plays sustainable practices industries India. results are helpful for policymakers, other governmental non-governmental organizations ensure through innovation, productivity, awareness.

Язык: Английский

Процитировано

41
Determinants of environmental, social, and governance disclosure: A systematic literature review DOI
Richard Yeaw Chong Seow

Business Strategy and the Environment, Год журнала: 2023, Номер 33(3), С. 2314 - 2330

Опубликована: Окт. 26, 2023

Abstract The popularity of environmental, social, and governance (ESG) investing or socially responsible is pushing private sectors to improve their ESG performance. Stakeholders, namely, investors, are relying on firms' disclosures (ESGD) evaluate performance strategize investment decision‐making. Since firms have substantial discretionary power in deciding the quantity quality ESGD, understanding drivers motivations ESGD paramount. This study examines literature determinants 36 articles published a period spanning from 2006 2022 were analyzed synthesized via systematic review approach. Ninety‐one researchers 30 countries contributed these studies. Of studies, 28% perform cross‐country investigations. found that although there no single underpinning theory for determinant studies well supported by multiple theoretical frameworks, such as stakeholder theory, legitimacy institutional theory. reveals many factors an impact natural disasters, political legal systems, ownership structure, board characteristics, CEO's characteristics. burgeon offering valuable insights into antecedents facilitating future enhancements better framework. Lastly, this also research directions scholars enrich burgeoning ESG.

Язык: Английский

Процитировано

34
The Impact of Sustainable Investing: A Multidisciplinary Review DOI Creative Commons
Emilio Marti, Martin Fuchs, Mark R. DesJardine

и другие.

Journal of Management Studies, Год журнала: 2023, Номер 61(5), С. 2181 - 2211

Опубликована: Июнь 2, 2023

Abstract We conduct a multidisciplinary review of how sustainable investing impacts the environment and society. Our starts from insight that shareholders can create impact not only through (1) portfolio screening (2) shareholder engagement (two strategies most used by mainstream shareholders) but also (3) field building (an strategy at periphery financial sector). Based on this framework three strategies, we integrate insights four disciplines (management, finance, sociology, ethics/sustainability) to reconstruct each influences corporate sustainability. identify 15 mechanisms which produce types impact: mostly direct companies, while creates indirect via other institutional context. suggests emerges gradually as different build other's efforts, use outline research agenda distributed process.

Язык: Английский

Процитировано

33
Determinants and consequences of corporate social responsibility decoupling—Status quo and limitations of recent empirical quantitative research DOI Creative Commons
Patrick Velte

Corporate Social Responsibility and Environmental Management, Год журнала: 2023, Номер 30(6), С. 2695 - 2717

Опубликована: Май 29, 2023

Abstract This study reviews recent empirical quantitative research on firm‐ and country‐related determinants of corporate social responsibility (CSR) decoupling the consequences firm value. Based legitimacy theory agency theory, top managers use CSR for self‐impression management stakeholder attraction. Our review indicates that low (high) governance quality increases (decreases) it has negative financial firms. We identify major gaps stress recommendations future studies. Solid measures should compare performance qualitative descriptions reports strategies processes. There is a great need to include automated text analyses sustainability designs. Due extended regulations reporting from an international perspective, remains hot topic researchers, business practice, standard setters.

Язык: Английский

Процитировано

31
The Road to corporate sustainability: The importance of artificial intelligence DOI
Pengyu Chen, Zhongzhu Chu, Miao Zhao

и другие.

Technology in Society, Год журнала: 2023, Номер 76, С. 102440 - 102440

Опубликована: Дек. 4, 2023

Язык: Английский

Процитировано

31
Corporate governance and financial performance: Reframing their relationship in the context of climate change DOI Creative Commons
Beatriz Aibar Guzmán, Nicola Raimo, Filippo Vitolla

и другие.

Corporate Social Responsibility and Environmental Management, Год журнала: 2023, Номер 31(3), С. 1493 - 1509

Опубликована: Окт. 24, 2023

Abstract In addressing the challenges of climate change (CC), companies face difficult task reconciling long‐term environmental goals and short‐term financial interests. this paper, we argue that effective governance enables to balance both objectives, supporting a business case for CC action. For sample 832 multinationals period 2011–2020, findings show leads higher corporate performance (FP) relationship is strengthen by better performance. Furthermore, driven ownership institutional investors, whose positive influence reinforced homogeneous distribution their ownership. We provide broad analytical framework considers determinants effects governance, from which theoretical practical implications can be derived.

Язык: Английский

Процитировано

28