We analyze the largely unexplored differences in sustainability reporting within family businesses using a sample of 230 non-ﬁnancial Italian listed ﬁrms for the period 2004–2013. Drawing on legitimacy theory and stakeholder theory, integrated with the socio-emotional wealth (SEW) approach, we study how family control, inﬂuence and identiﬁcation shape a ﬁrm’s attitude towards disclosing its social and environmental behavior. Our results suggest that family ﬁrms are moresensitivetomediaexposurethantheirnon-familycounterpartsandthatfamilycontrolenhances sustainability disclosure when it is associated to a family’s direct inﬂuence on the business, by the founder’s presence on the board or by having a family CEO. In cases of indirect inﬂuence, without family involvement on the board, the level of family ownership is negatively related to sustainability reporting. On the other hand, a formal identiﬁcation of the family with the ﬁrm by business name does not signiﬁcantly affect social disclosure.
|Data di pubblicazione:||2017|
|Titolo:||Sustainability Reporting in Family Firms: A Panel Data Analysis|
|Digital Object Identifier (DOI):||10.3390/su9010038|
|Codice identificativo ISI:||WOS:000394842700038|
|Codice identificativo Scopus:||2-s2.0-85011067239|
|Parole Chiave:||Sustainability reporting, family firms, legitimacy, stakeholders, socioemotional wealth, GLobal Reporting Initiative|
|Appare nelle tipologie:||Articolo su Rivista|