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2020 | OriginalPaper | Buchkapitel

11. Virtue Ethics, Values of the Founders, and Organizational Growth

verfasst von : Josh Wei-Jun Hsueh

Erschienen in: Intrinsic CSR and Competition

Verlag: Springer International Publishing

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Abstract

This chapter provides a theoretical model to explain the heterogeneity of family businesses regarding sustainability activities. Family business scholars tend to argue that the non-financial goals of family businesses, through the construct of socio-emotional wealth (SEW), would motivate a family business to adopt more a proactive sustainability strategy than a non-family business that is driven by the financial goal. However, studies have mixed supports when scholars rarely consider that family businesses have both financial and non-financial goals and their importance are contingent upon the life-stage of the firm. In this chapter, I propose a temporal framework that differentiates family businesses at three stages—founding, post-founder, and cousin consortia—in which the alignment between financial and SEW goals varies, and thus changes the focus of a family business’ sustainability strategy. It discusses critical role of temporal factor when examining sustainability strategies of family businesses.

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Vorheriges Kapitel Overview: Family Run Businesses and Intrinsic CSR

Nächstes Kapitel Company Case Study 5: The Value of Values in Economy of Communion Enterprises—Start Up and Governance of Loppiano Prima

One of the most commonly used database in existing studies to look at corporate sustainability activities, including practices addressing issues related to community, diversity, employees, environment, product and services (Carroll et al. 2016; Harrison and Freeman 1999). Now, it is renamed as MSCI ESG database.

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Titel: Virtue Ethics, Values of the Founders, and Organizational Growth
verfasst von: Josh Wei-Jun Hsueh
Verlag: Springer International Publishing
Buch: Intrinsic CSR and Competition
Print ISBN: 978-3-030-21036-6

Electronic ISBN: 978-3-030-21037-3

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-3-030-21037-3_11