期刊
ORGANIZATION STUDIES
卷 40, 期 6, 页码 833-857出版社
SAGE PUBLICATIONS LTD
DOI: 10.1177/0170840619836709
关键词
China; corporate philanthropy; family firms; institutional pressures
类别
资金
- Fundamental Research Funds for the Central Universities
- Research Funds of Renmin University of China [18XNB021]
This paper investigates whether family firms display corporate giving practices significantly different from nonfamily firms. Our two-stage model theorizes, and finds empirical support from a survey of 3,075 Chinese private firms, that firms sensitive to institutional pressures (as a result of firm visibility and political linkages) are more likely to engage in philanthropy (stage 1) and to donate larger amounts (stage 2). In stage 1, family and nonfamily firms display similar conforming behaviors, aimed at maintaining sociopolitical legitimacy. In stage 2, family ownership intensifies the effect of institutional pressures on firms' philanthropic giving, as reputational motives overlay legitimacy concerns. Our study integrates institutional analyses of socially responsible practices and family business theories to yield insights on the role of the family variable as a key moderator of institutional effects.
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