Environmental practices,family control,and corporate performance: Evidence from Chinese family firms |
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| Institution: | 1. School of Economics and Management, Shanxi University, 92 Wucheng Road, Taiyuan, Shanxi 030006, China;2. Asper School of Business, University of Manitoba, Winnipeg, Manitoba, Canada;1. College of Business Administration, Capital University of Economics and Business, Zhangjialukou Road No.121, Fengtai District, Beijing, China;2. Department of Business and Information Technology, Missouri University of Science and Technology, 101 Fulton Hall, 301 W. 14th Street, 65409 Rolla, MO, USA;3. Nankai Business School, Nankai University, 94 Weijin Road, Tianjin, China;1. School of Business, Zhejiang University City College, Hangzhou, China;2. School of Management, Zhejiang University, Hangzhou, China;3. China Academy of Financial Research, Zhejiang University of Finance & Economics, Hangzhou, China;1. Bank of Finland Institute for Emerging Economies (BOFIT), Snellmaninaukio, PO Box 160, FI-00101 Helsinki, Finland;2. EM Strasbourg Business School, University of Strasbourg, France;1. HEC- ULiège, The Management School of the University of Liège, Belgium;2. Faculty of Economics and Management, Université Evangélique en Afrique (U.E.A/Bukavu), D.R. Congo;3. Faculty of Economics and Management, Université Officielle de Bukavu (U.O.B/Bukavu), D.R. Congo;4. Luxembourg Institute of Socio-Economic Research, Luxembourg |
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| Abstract: | This study analyzes Chinese family firms to determine how environmental practices influence corporate performance in consideration of the moderating effect of family control. Based on hand-collected data of environmental practices and 698 Chinese listed family firms, the results show that the environmental practices and corporate financial performance (CFP) link can be captured by a U-shape, and environmental practices are positively associated with corporate social performance (CSP). Furthermore, family control positively moderates the relationship between environmental practices and performance. The findings provide systemic understandings of the CFP and CSP of family firms through important insights into environmental practices and family control. |
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