1. Environmental Sustainability of Family Firms: A Meta-Analysis of Handprint and Footprint.
- Author
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Lorenzen, Solvej, Gerken, Maike, Steinmetz, Holger, Block, Joern, Hülsbeck, Marcel, and Lux, Friederike Sophie
- Subjects
SUSTAINABILITY ,FAMILY-owned business enterprises ,BUSINESS size ,ORGANIZATIONAL performance ,HETEROGENEITY - Abstract
Our meta-analysis investigates the environmental sustainability performance of family firms (FFs) distinguishing between environmental hand- and footprint and accounting for FF heterogeneity. Based on a sample of 87 primary studies comprising 118,538 firms, we find no significant difference between FFs and non-FFs regarding their overall environmental sustainability performance. Yet, distinguishing between environmental hand- and footprint, we show that FFs have a lower footprint than non-FFs but do not differ regarding their handprint. Firm size, being a public firm, and type of family involvement moderate the effects of FF status on environmental sustainability performance. Our research note extends prior meta-analytical evidence and contributes to a more fine-grained and nuanced understanding of the environmental sustainability performance of FFs. Theoretical and managerial implications are discussed. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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