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Family CEOs and CSR performance in Ibero-American family firms

Author

Listed:
  • Guadalupe del Carmen Briano Turrent

    (Universidad Autónoma de San Luis Potosí, México)

  • Lázaro Rodríguez Ariza

    (Universidad de Granada, España)

  • Karen Watkins Fassler

    (Universidad Internacional de La Rioja & Instituto Tecnológico Superior de Misantla, España)

Abstract

Basado en la teoría de agencia conductual, este trabajo tiene como objetivo analizar la relación entre los CEOs familiares y las prácticas sociales y ambientales adoptadas por empresas familiares cotizadas en Iberoamérica, y cómo la composición del consejo de administración (tamaño, independencia y participación de mujeres consejeras) modera esta relación. Un panel de datos no balanceado integrado por 836 observaciones-año durante el periodo 2011-2016 es adoptado para realizar diversos análisis econométricos. Los resultados muestran que los CEOs familiares incrementan el desempeño social, particularmente en los aspectos relacionados a prácticas laborales, condiciones de trabajo y derechos humanos. La principal limitación del trabajo es la muestra de estudio, centrada en aquellas empresas con mayor capitalización en los mercados de valores de cuatro países en Iberoamérica. Esta investigación contribuye en extender la literatura comparativa internacional en empresas familiares y pone de manifiesto que la preservación de la riqueza socio-emocional constituye un mecanismo estratégico para los CEOs familiares, lo cual a su vez, favorece el desempeño no financiero de empresas Iberoamericanas.

Suggested Citation

  • Guadalupe del Carmen Briano Turrent & Lázaro Rodríguez Ariza & Karen Watkins Fassler, 2022. "Family CEOs and CSR performance in Ibero-American family firms," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(4), pages 1-16, Octubre -.
    • Handle: RePEc:imx:journl:v:17:y:2022:i:4:p:1-16
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    References listed on IDEAS

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    More about this item

    Keywords

    CEOs familiares; desempeño de la RSC; teoría de agencia conductual; Iberoamérica. sustentabilidad ambiental; responsabilidad social.;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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