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Commentary: “Family Firms and Social Responsibility: Preliminary Evidence from the S&P 500â€

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  • Johan Wiklund

Abstract

This commentary focuses on four themes: (1) empirical relevance of corporate social responsibility (CSR) in family firms; (2) complementary theoretical explanations to CSR behavior in family firms; (3) the need for stringent definitions in family business research; and (4) the potential for dual causality between family ownership and more generous CSR policies. Specifically, I argue that agency theory can lead to additional valuable insights about CSR in family firms.

Suggested Citation

  • Johan Wiklund, 2006. "Commentary: “Family Firms and Social Responsibility: Preliminary Evidence from the S&P 500â€," Entrepreneurship Theory and Practice, , vol. 30(6), pages 803-808, November.
    • Handle: RePEc:sae:entthe:v:30:y:2006:i:6:p:803-808
    DOI: 10.1111/j.1540-6520.2006.00152.x
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    References listed on IDEAS

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    1. Michael Carney, 2005. "Corporate Governance and Competitive Advantage in Family–Controlled Firms," Entrepreneurship Theory and Practice, , vol. 29(3), pages 249-265, May.
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    4. William S. Schulze & Michael H. Lubatkin & Richard N. Dino & Ann K. Buchholtz, 2001. "Agency Relationships in Family Firms: Theory and Evidence," Organization Science, INFORMS, vol. 12(2), pages 99-116, April.
    5. Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
    6. M. F. R. Kets De Vries, 1977. "The Entrepreneurial Personality: A Person At The Crossroads," Journal of Management Studies, Wiley Blackwell, vol. 14(1), pages 34-57, March.
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    9. W. Gibb Dyer Jr. & David A. Whetten, 2006. "Family Firms and Social Responsibility: Preliminary Evidence from the S&P 500," Entrepreneurship Theory and Practice, , vol. 30(6), pages 785-802, November.
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    Cited by:

    1. Alain Verbeke & Liena Kano, 2012. "The Transaction Cost Economics Theory of the Family Firm: Family–Based Human Asset Specificity and the Bifurcation Bias," Entrepreneurship Theory and Practice, , vol. 36(6), pages 1183-1205, November.
    2. Alain Verbeke & Liena Kano, 2010. "Transaction Cost Economics (TCE) and the Family Firm," Entrepreneurship Theory and Practice, , vol. 34(6), pages 1173-1182, November.

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