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Family business succession and corporate ESG behavior

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  • Huang, Lingyu
  • Chen, Aoyun

Abstract

This study explores the impact of family business succession on corporate ESG behavior, focusing on how decision-making changes during inter-generational transitions. It specifically assesses the influence of second-generation participation in family-owned enterprises on their ESG practices. The findings reveal a more pronounced effect in firms with high marketization and overseas exposure. This research underscores the intertwined nature of inter-generational succession and strategic decision-making in Chinese family businesses, highlighting the importance of studying ESG behavior to understand these dynamics.

Suggested Citation

  • Huang, Lingyu & Chen, Aoyun, 2024. "Family business succession and corporate ESG behavior," Finance Research Letters, Elsevier, vol. 60(C).
    • Handle: RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012734
    DOI: 10.1016/j.frl.2023.104901
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    References listed on IDEAS

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