Toward sustainability : ESG bridging socioemotional wealth and sustainable financial in family firms
Zhu, Chang Yi (Universitat Autònoma de Barcelona)
Simon, Alexandra (Universitat Autònoma de Barcelona)
Parada Balderrama, Maria Jose (Universitat Ramon Llull. Escola Superior d'Administració i Direcció d'Empreses Esade)

Data:	2025
Descripció:	10 pàg.
Resum:	The socioemotional wealth of family businesses fosters long-term orientation, aligning with the environmental, social, and governance (ESG) principles essential for sustainable value creation. This study utilised panel data from 1,181 Chinese-listed family firms between 2016 and 2020. It employed multiple regression and mediation analysis to examine how ESG engagement mediates the relationship between family control and the firms' financial outcomes. The findings revealed that proactive ESG strategies enhance the positive effects of family control on financial outcomes, though the degree of mediation varied across performance indicators. These results highlight the strategic importance of integrating ESG considerations into financial planning for family businesses, offering valuable insights for managers and investors seeking to drive sustainable development through informed capital allocation and targeted governance structures. From a policy perspective, these results suggest the need for government incentives and enhanced disclosure standards to encourage broader ESG adoption among family firms in emerging markets.
Drets:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Llengua:	Anglès
Document:	Article ; recerca ; Versió publicada
Matèria:	Chinese market ; CSR ; ESG ; Family business ; Financial performance
Publicat a:	Sustainable Futures, Vol. 9 (2025) , p. 100470, ISSN 2666-1888

DOI: 10.1016/j.sftr.2025.100470

10 p, 571.5 KB

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