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Einfluss von Einzel- und Familienaktionären auf die ESG-Performance von Unternehmen

Author

Listed:
  • Thomas Krolak
  • Jan-Hendrik Meier

Abstract

Das Thema ESG-Compliance steht zunehmend im Fokus wirtschaftlicher Diskussionen. Einzel- und familiendominierten Unternehmen wird dabei häufig eine positive Wahrnehmung im Hinblick auf Nachhaltigkeitsaspekte zugeschrieben, was jedoch nicht immer mit ihrer tatsächlichen ESG-Performance übereinstimmt. In der vorliegenden Studie wird die ESG-Compliance von Unternehmen des STOXX 600 und S&P 500 anhand des Refinitiv ESG-Scores in Bezug auf Einzel- und Familiendominanz untersucht. Die Analyse für den Zeitraum 2010 bis 2022 zeigt, dass einzel- oder familiendominierte Unternehmen signifikant schlechter abschneiden als ihre Wettbewerber – sowohl in der Gesamtbewertung der ESG-Compliance als auch in den Dimensionen Umwelt (Environmental), Soziales (Social) und Unternehmensführung (Governance). Trans-Abstract: The topic of ESG compliance has become a central focus in economic discussions. In this context, companies dominated by individual or family ownership are often perceived as having a favorable stance on sustainability. However, this perception does not always align with their actual ESG performance. This study examines the ESG compliance of companies within the STOXX 600 and S&P 500 indices, focusing on individual and family ownership dominance, using the Refinitiv ESG score. The analysis, covering the period from 2010 to 2022, reveals that individual- or family-dominated companies consistently underperform compared to their peers, both in overall ESG compliance and across the environmental, social, and governance dimensions.

Suggested Citation

  • Thomas Krolak & Jan-Hendrik Meier, 2024. "Einfluss von Einzel- und Familienaktionären auf die ESG-Performance von Unternehmen," ZfKE – Zeitschrift für KMU und Entrepreneurship, Duncker & Humblot, Berlin, vol. 72(2), pages 61-79.
    • Handle: RePEc:dah:aeqzfk:v72_y2024_i2_q2_p61-79
    DOI: 10.3790/zfke.72.2.61
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