An Empirical Study Of The Impact Of Chinese Listed Family Firms' Involvement On Corporate Social Responsibility

As a widespread form of firm organization,family firms play a very important role in the world economic development.Since the reform and opening,China's family firms have been developing rapidly,which have become an important force of promoting the sustained,rapid and steady development of China's economy.However,in recent years,reports on the lack of social responsibility of family firms have attracted wide attention from the society.Family involvement is the key point to distinct family enterprises and non-family enterprises.Whether family systems can coordinate with enterprise systems to produce distinctive competitive advantage stems from the validation of family involvement.Therefore,this study discusses how to better fulfill the social responsibility from the perspective of family involvement,hoping to provide some references to fulfill the social responsibility of enterprises better.Based on social emotional wealth theory and stakeholder theory,using the data of family holding listed companies in China,this paper takes 120 listed family firms in 2013?2015 as the sample to conduct empirical analysis.Researches find that:(1)Family control right has a significant positive impact on public responsibility,environment responsibility,supplier,customer and consumer responsibility,employee responsibility and shareholder responsibility of the corporate social responsibility.(2)Family ownership has a significant positive impact on public responsibility and shareholder responsibility;family management has a significant positive impact on public responsibility;(3)The size of the firm has a positive regulating effect on the family control right and environment responsibility,supplier,customer and consumer responsibility and employee responsibility.The results show that the degree of family involvement will have an impact on corporate social responsibility.Based on the above analysis,this paper puts forward some suggestions for improvement to optimize the family involvement,hoping to provide some guidance and references for enterprises to fulfill their social responsibilities better,which has practical significance to promote corporate social responsibility.