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It’s a Family Affair: A Case for Consistency in Family Foundation Giving and Family Firm Community CSR Activity

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dc.contributor.authorCruz, Cristina
dc.contributor.authorMilanov, Hana
dc.contributor.authorKlein, Judit
dc.contributor.authorCruz, Cristina
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-07-08T13:14:10Z
dc.date.available2024-07-08T13:14:10Z
dc.date.issued2024
dc.description.abstractAlthough most business-owning families (BOFs) that operate large family firms practice community social engagement both in private via family foundations and in the business domain via community corporate social responsibility (CSR) programs,the relationship between their activities in the two domains remains unclear. Prior literature speculates that BOFs will deprioritize firms’ community CSR when they have family foundations as more efficient vehicles to achieve socioemotional wealth (SEW),which would imply that such BOFs are less ethical in operating their firms. We contrast these speculations by enriching the socioemotional wealth (SEW) approach with instrumental stakeholder theory and cue consistency arguments and theorize that BOFs seek to ensure consistency between their activities in the two domains. Using data from 2008 to 2018 on the 95 largest US public family firms whose BOFs also operate private foundations,we show a positive relationship between family foundation giving and firm community CSR activity. Furthermore,we provide evidence for the boundary conditions of this relationship,showing that it is weaker for firms that do not share the family’s name and stronger for those firms with family leaders who also lead their families’ foundations.
dc.description.keywordBusiness ethics
dc.description.keywordCommunity CSR
dc.description.keywordCue consistency
dc.description.keywordFamily firms
dc.description.keywordFamily foundations
dc.description.keywordInstrumental stakeholder theory
dc.description.keywordSocioemotional wealth
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationCruz, C., Milanov, H., & Klein, J. (2023). It’sa Family Affair: A Case for Consistency in Family Foundation Giving and Family Firm Community CSR Activity. Journal of Business Ethics, 1-17.
dc.identifier.doihttps://doi.org/10.1007/s10551-023-05424-x
dc.identifier.issn1674544
dc.identifier.officialurlhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85160855099&doi=10.1007%2fs10551-023-05424-x&partnerID=40&md5=9c39c77dd07a5180525c58d52f1f640c
dc.identifier.urihttps://hdl.handle.net/20.500.14417/2994
dc.issue.number3
dc.journal.titleJournal of Business Ethics
dc.language.isoen
dc.page.final649
dc.page.initial633
dc.publisherSpringer Science and Business Media B.V.
dc.relation.departmentEntrepreneurship
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution 4,0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectBusiness ethics
dc.subjectCommunity CSR
dc.subjectCue consistency
dc.subjectFamily firms
dc.subjectFamily foundations
dc.subjectInstrumental stakeholder theory
dc.subjectSocioemotional wealth
dc.subject.keywordBusiness ethics
dc.subject.keywordCommunity CSR
dc.subject.keywordCue consistency
dc.subject.keywordFamily firms
dc.subject.keywordFamily foundations
dc.subject.keywordInstrumental stakeholder theory
dc.subject.keywordSocioemotional wealth
dc.titleIt’s a Family Affair: A Case for Consistency in Family Foundation Giving and Family Firm Community CSR Activity
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number191
dspace.entity.typePublication
person.identifier.scopus-author-id35558267400
person.identifier.scopus-author-id23035358800
person.identifier.scopus-author-id57204121284
relation.isAuthorOfPublicatione07ea98a-55ba-493e-afd6-86b7d4be51cf
relation.isAuthorOfPublication.latestForDiscoverye07ea98a-55ba-493e-afd6-86b7d4be51cf
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