Family firm, financial constraint, and environmental preparedness: An international study

被引：0
|
作者：
Haider, Zulfiquer [1 ]
Wang, Yefeng [2 ]
Wang, Yuan [3 ]
机构：
[1] Western Univ, DAN Dept Management & Org Studies, 1151 Richmond St, London, ON N6A 3K7, Canada
[2] Univ Wisconsin Whitewater, Coll Business & Econ, 4510 Hyland Hall, 809 W Main St, Whitewater, WI 53190 USA
[3] Mt Royal Univ, Bissett Sch Business, 4825 Mt Royal Cir SW, Calgary, AB T3E 6K6, Canada
来源：
JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY | 2024年 / 92卷
关键词：
Family firm; Financial constraint; Environmental preparedness; Climate change; CORPORATE SOCIAL-RESPONSIBILITY; SOCIOEMOTIONAL WEALTH; INSTITUTIONAL THEORY; PERFORMANCE; OWNERSHIP; GOVERNANCE; INVESTMENT; BUSINESS; PRIVATE; STAKEHOLDERS;
D O I：
10.1016/j.intfin.2024.101979
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using longitudinal data from 2013-2018 and a sample of 9,622 observations from 30 countries, we find that the relationship between family involvement and environmental preparedness is mediated by financial constraints, such that family firms are more likely to be environmentally prepared due to facing lower financial constraints. Furthermore, our findings suggest that the negative relationship between family involvement and financial constraint is strengthened by the quality of public governance while the negative relationship between financial constraint and environmental preparedness is weakened by the quality of the national environmental infrastructure. Our results hold for various robustness tests.
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页数：20
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