When Does Family Ownership Promote Proactive Environmental Strategy? The Role of the Firm’s Long-Term Orientation
This research proposes an explanation for the conflicting extant evidence about whether family ownership of a business promotes proactive environmental strategy (PES). Based on insights drawn from strategic reference point theory, organizational identity theory, and the socioemotional wealth preserv...
Authors: | ; ; |
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Format: | Electronic Article |
Language: | English |
Check availability: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Published: |
Springer
2019
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In: |
Journal of business ethics
Year: 2019, Volume: 158, Issue: 1, Pages: 81-95 |
Further subjects: | B
Family ownership
B Proactive environmental strategy B Socioemotional wealth B Long-term orientation B Family commitment B Strategic reference point |
Online Access: |
Volltext (lizenzpflichtig) |
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520 | |a This research proposes an explanation for the conflicting extant evidence about whether family ownership of a business promotes proactive environmental strategy (PES). Based on insights drawn from strategic reference point theory, organizational identity theory, and the socioemotional wealth preservation perspective, we propose that family ownership has a moderated–mediated relationship with PES, with commitment as a moderator and long-term orientation as a mediator. A test using 454 China private firms with different levels of family ownership supports the hypotheses. This shows that PES as a strategy related to business ethics does not happen without commitment and long-term orientation. | ||
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