FAMILY, BUSINESS, AND OWNERSHIP: INFLUENCE OF FAMILY BUSINESSES ON CORPORATE SOCIAL RESPONSIBILITY
Journal Title: European Journal of Business and Social Sciences - Year 2016, Vol 5, Issue 6
Abstract
The social responsibility of family businesses is little studied, especially in developing economies. This study aims to determine the level of influence of the company, family, and ownership and the ability of the family business to behave responsibly towards their stakeholders. We used a sample of 171 enterprises in the State of Sinaloa, Mexico. The results show that the company, family, and ownership system positively and significantly influence CSR. However, it is the level of professionalism of the business that determines the extent of the responsible behavior of the family business. We show the implications for business, academic, and government sectors.
Authors and Affiliations
José Felipe Ojeda Hidalgo| Universidad Politécnica de Guanajuato jojeda@upgto.edu.mx, Alejandra López Salazar| Universidad de Guanajuato, Campus Celaya, México. Depto. Finanzas y Administración Ing. Javier Barros Sierra 201, Ejido Santa María del Refugio, 38040 alelopez.salazar@yahoo.com Tel: 52 4615985922 ext. 1662
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FAMILY, BUSINESS, AND OWNERSHIP: INFLUENCE OF FAMILY BUSINESSES ON CORPORATE SOCIAL RESPONSIBILITY
The social responsibility of family businesses is little studied, especially in developing economies. This study aims to determine the level of influence of the company, family, and ownership and the ability of the fa...