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Are family firms green?

Author

Listed:
  • Ivan Miroshnychenko

    (The International Institute for Management Development)

  • Danny Miller

    (HEC Montreal, Chemin de La Côte-Sainte-Catherine 3000)

  • Alfredo Massis

    (Free University of Bozen-Bolzano
    IMD
    Lancaster University Management School)

  • Isabelle Breton-Miller

    (HEC Montreal, Chemin de La Côte-Sainte-Catherine 3000)

Abstract

This study examines environmental management practices of 1690 family and nonfamily firms from 29 countries and 19 industrial sectors over an 8-year period. We show that the family effect on firm environmental management practices ranges substantially, from extremely negative to no effect at all. Moreover, the magnitude of the effect depends on the type of firm, the industrial context, the type of economy, and the stages of the business cycle. This study offers a novel understanding of the extreme heterogeneity of environmental management practices of family businesses and serves as a springboard for future research aiming to better understand the environmental strategies of publicly traded firms with concentrated ownership structures. It also provides important and novel evidence for policymakers, investors, and business owners, particularly for firms with different ownership and management structures.

Suggested Citation

  • Ivan Miroshnychenko & Danny Miller & Alfredo Massis & Isabelle Breton-Miller, 2025. "Are family firms green?," Small Business Economics, Springer, vol. 64(2), pages 279-306, February.
    • Handle: RePEc:kap:sbusec:v:64:y:2025:i:2:d:10.1007_s11187-024-00907-1
    DOI: 10.1007/s11187-024-00907-1
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    More about this item

    Keywords

    Family firms; Environmental management practices; Environmental performance; Family business;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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