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Family ownership and corporate social responsibility: the moderating effect of institutional ownership

Author

Listed:
  • Houssam Bouzgarrou

    (University of Sousse - ISFF)

  • Zied Ftiti

    (EDC Business School)

  • Majdi Houcine

    (University of Sousse)

  • Wael Louhichi

    (ESSCAC Business School)

Abstract

The goal of this paper is to examine the impact of family ownership on corporate social responsibility (CSR), taking into account the moderating role of institutional investors. Using a sample of 70 listed French firms over the period 2003–2017, we obtain the following results. Family ownership negatively affects CSR; however, institutional investors positively affect CSR. Interestingly, our results show that institutional investors negatively moderate the relationship between family ownership and CSR.

Suggested Citation

  • Houssam Bouzgarrou & Zied Ftiti & Majdi Houcine & Wael Louhichi, 2022. "Family ownership and corporate social responsibility: the moderating effect of institutional ownership," Economics Bulletin, AccessEcon, vol. 42(2), pages 1135-1152.
    • Handle: RePEc:ebl:ecbull:eb-21-00992
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2022/Volume42/EB-22-V42-I2-P97.pdf
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    References listed on IDEAS

    as
    1. Shleifer, Andrei & Vishny, Robert W, 1997. "A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-783, June.
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    More about this item

    Keywords

    CSR; family ownership; institutional investors;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G1 - Financial Economics - - General Financial Markets

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