lynx   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/bla/bstrat/v33y2024i8p8508-8525.html
   My bibliography  Save this article

Aspiration performance gap, second generation involvement in management, and family Firms' environmental responsibility

Author

Listed:
  • Xuan Wang
  • Wei Sun
Abstract
How does the aspiration performance gap affect environmental responsibility of family firms? Using the theory of performance feedback theory and panel data from 6268 Chinese A‐share listed manufacturing family firms from 2011 to 2021, the study shows that (1) The positive aspiration performance gap negatively affects environmental responsibility, while the absolute negative aspiration performance gap shows an inverted U‐shaped relationship. (2) Second generation involvement in management has varying moderating effects on the relationship between different aspiration performance gaps and environmental responsibility. These results enhance the understanding of the heterogeneity in family firms' strategic behaviors and provide valuable insights for family firms' strategic decision‐making regarding environmental responsibility.

Suggested Citation

  • Xuan Wang & Wei Sun, 2024. "Aspiration performance gap, second generation involvement in management, and family Firms' environmental responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 8508-8525, December.
    • Handle: RePEc:bla:bstrat:v:33:y:2024:i:8:p:8508-8525
    DOI: 10.1002/bse.3903
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/bse.3903
    Download Restriction: no
    File URL: https://libkey.io/10.1002/bse.3903?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Simone Strambach, 2017. "Combining Knowledge Bases in Transnational Sustainability Innovation: Microdynamics and Institutional Change," Economic Geography, Taylor & Francis Journals, vol. 93(5), pages 500-526, October.
    2. Andrew Ellul & Marco Pagano & Fausto Panunzi, 2010. "Inheritance Law and Investment in Family Firms," American Economic Review, American Economic Association, vol. 100(5), pages 2414-2450, December.
    3. Montserrat Manzaneque & Alfonso A. Rojo-Ramírez & Julio Diéguez-Soto & Maria J. Martínez-Romero, 2020. "How negative aspiration performance gaps affect innovation efficiency," Small Business Economics, Springer, vol. 54(1), pages 209-233, January.
    4. Elisa Alt & Emilio Díez-de-Castro & Francisco Lloréns-Montes, 2015. "Linking Employee Stakeholders to Environmental Performance: The Role of Proactive Environmental Strategies and Shared Vision," Journal of Business Ethics, Springer, vol. 128(1), pages 167-181, April.
    5. Rodrigo Basco & Thomas Bassetti & Lorenzo Dal Maso & Nicola Lattanzi, 2023. "Why and when do family firms invest less in talent management? The suppressor effect of risk aversion," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(1), pages 101-130, March.
    6. Oksana Seroka‐Stolka & Kamil Fijorek, 2020. "Enhancing corporate sustainable development: Proactive environmental strategy, stakeholder pressure and the moderating effect of firm size," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2338-2354, September.
    7. Bari L. Bendell, 2022. "Environmental investment decisions of family firms—An analysis of competitor and government influence," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 1-14, January.
    8. Yangyang Qi & Jiong Wu, 2023. "Performance feedback, succession process and innovative activities of family firms: evidence from China," Asian Business & Management, Palgrave Macmillan, vol. 22(2), pages 765-791, April.
    9. Natalia Martin-Cruz & Ismael Barros Contreras & Juan Hernangómez Barahona & Héctor Pérez Fernández, 2020. "Parents’ Learning Mechanisms for Family Firm Succession: An Empirical Analysis in Spain through the Lens of the Dynamic Capabilities Approach," Sustainability, MDPI, vol. 12(19), pages 1-17, October.
    10. Jordi Moreno-Gené & José Luis Gallizo, 2021. "Intergenerational Differences in Family Business Management and Their Influence on Business Profitability," Sustainability, MDPI, vol. 13(12), pages 1-17, June.
    11. Syed Ghulam Meran Shah & Muddassar Sarfraz & Larisa Ivascu, 2021. "Assessing the interrelationship corporate environmental responsibility, innovative strategies, cognitive and hierarchical CEO: A stakeholder theory perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(1), pages 457-473, January.
    12. Saridakis, Charalampos & Angelidou, Sofia & Woodside, Arch G., 2023. "How historical and social aspirations reshape the relationship between corporate financial performance and corporate social responsibility," Journal of Business Research, Elsevier, vol. 157(C).
    13. Xuanjin Chen & Xin Pan & Paresha Sinha, 2022. "What to green: Family involvement and different types of eco‐innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2588-2602, July.
    14. Thomas Wing Yan Man & Michael Mustafa & Yao Fang, 2016. "Succession in Chinese family enterprises: the influence of cognitive, regulatory and normative factors," International Journal of Management Practice, Inderscience Enterprises Ltd, vol. 9(4), pages 412-432.
    15. Samara, Georges & Jamali, Dima & Sierra, Vicenta & Parada, Maria Jose, 2018. "Who are the best performers? The environmental social performance of family firms," Journal of Family Business Strategy, Elsevier, vol. 9(1), pages 33-43.
    16. Lan Gao & Liang Wan, 2023. "Does corporate environmental responsibility contribute to financial performance? A dual path analysis through operational efficiency and the cost of debt," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 308-323, January.
    17. Francesco Gangi & Mario Mustilli & Lucia Michela Daniele & Maria Coscia, 2022. "The sustainable development of the aerospace industry: Drivers and impact of corporate environmental responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 218-235, January.
    18. Baili Yang & Abraham Y. Nahm & Zengji Song, 2022. "Succession in family business and environmental investment: the moderating role of external environment," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 5997-6015, December.
    19. Singh, Gurmeet & Sharma, Shavneet & Sharma, Rashmini & Dwivedi, Yogesh K, 2021. "Investigating environmental sustainability in small family-owned businesses: Integration of religiosity, ethical judgment, and theory of planned behavior," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    20. Lee, Eun Mi & Park, Seong-Yeon & Lee, Hyun Jung, 2013. "Employee perception of CSR activities: Its antecedents and consequences," Journal of Business Research, Elsevier, vol. 66(10), pages 1716-1724.
    21. Pino G. Audia & Henrich R. Greve, 2006. "Less Likely to Fail: Low Performance, Firm Size, and Factory Expansion in the Shipbuilding Industry," Management Science, INFORMS, vol. 52(1), pages 83-94, January.
    22. Zhenghui Li & Gaoke Liao & Khaldoon Albitar, 2020. "Does corporate environmental responsibility engagement affect firm value? The mediating role of corporate innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1045-1055, March.
    23. John F. LeCounte, 2022. "Founder-CEOs: Succession planning for the success, growth, and legacy of family firms," Journal of Small Business Management, Taylor & Francis Journals, vol. 60(3), pages 616-633, May.
    24. Huang, Lingyu & Chen, Aoyun, 2024. "Family business succession and corporate ESG behavior," Finance Research Letters, Elsevier, vol. 60(C).
    25. Murat Tarakci & Nüfer Yasin Ateş & Steven W. Floyd & Yoojung Ahn & Bill Wooldridge, 2018. "Performance feedback and middle managers’ divergent strategic behavior: The roles of social comparisons and organizational identification," Strategic Management Journal, Wiley Blackwell, vol. 39(4), pages 1139-1162, April.
    26. Vibha Gaba & John Joseph, 2013. "Corporate Structure and Performance Feedback: Aspirations and Adaptation in M-Form Firms," Organization Science, INFORMS, vol. 24(4), pages 1102-1119, August.
    27. Zhang, Tingting (Grace) & You, Yu, 2021. "Scale or efficiency? Performance shortfall and engagement in production activities of foreign subsidiaries in China," Journal of International Management, Elsevier, vol. 27(1).
    28. Ohad Ref & Zur Shapira, 2017. "Entering new markets: The effect of performance feedback near aspiration and well below and above it," Strategic Management Journal, Wiley Blackwell, vol. 38(7), pages 1416-1434, July.
    29. Ann Terlaak & Seonghoon Kim & Taewoo Roh, 2018. "Not Good, Not Bad: The Effect of Family Control on Environmental Performance Disclosure by Business Group Firms," Journal of Business Ethics, Springer, vol. 153(4), pages 977-996, December.
    30. Mahnaz Mansoor & Tri Indra Wijaksana, 2023. "Predictors of pro-environmental behavior: Moderating role of knowledge sharing and mediatory role of perceived environmental responsibility," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 66(5), pages 1089-1107, April.
    31. Xiao, Gang & Shen, Sichen, 2022. "To pollute or not to pollute: Political connections and corporate environmental performance," Journal of Corporate Finance, Elsevier, vol. 74(C).
    32. Junsheng Dou & Emma Su & Song Wang, 2019. "When Does Family Ownership Promote Proactive Environmental Strategy? The Role of the Firm’s Long-Term Orientation," Journal of Business Ethics, Springer, vol. 158(1), pages 81-95, August.
    33. Martina Sageder & Christine Mitter & Birgit Feldbauer‐Durstmüller, 2018. "Image and reputation of family firms: a systematic literature review of the state of research," Review of Managerial Science, Springer, vol. 12(1), pages 335-377, January.
    34. Mohit Tiwari & Tripti Tiwari & Samuel Sam Santhose & Lokanath Mishra & Rejeesh MR & Vinu Sundararaj, 2023. "Corporate social responsibility and supply chain: A study for evaluating corporate hypocrisy with special focus on stakeholders," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1391-1403, April.
    35. Cristina Aragón-Amonarriz & Agustín Mateo Arredondo & Cristina Iturrioz-Landart, 2019. "How Can Responsible Family Ownership be Sustained Across Generations? A Family Social Capital Approach," Journal of Business Ethics, Springer, vol. 159(1), pages 161-185, September.
    36. Lin-Hua Lu & Poh-Kam Wong, 2019. "Performance feedback, financial slack and the innovation behavior of firms," Asia Pacific Journal of Management, Springer, vol. 36(4), pages 1079-1109, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sang‐Joon Kim & Jongwan Bae & SoHyeon Kang, 2024. "The cross‐cutting pursuit of family values: When and how do family firms engage in corporate environmental responsibility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 2749-2769, July.
    2. Zhong, Xi & Chen, Weihong & Ren, Ge, 2022. "The effects of performance shortfalls on firms’ exploitation and exploration R&D internationalization decisions: Does industry environmental matter?," Technovation, Elsevier, vol. 112(C).
    3. Jiaojiao Qin & Jun Lin & Yan Xin, 2024. "Corporate tax avoidance: The impact of performance above aspiration and CEO experience," Asia Pacific Journal of Management, Springer, vol. 41(4), pages 2301-2331, December.
    4. Jörn H. Block & Pramodita Sharma & Lena Benz, 2024. "Stakeholder Pressures and Decarbonization Strategies in Mittelstand Firms," Journal of Business Ethics, Springer, vol. 193(3), pages 511-533, September.
    5. Christoph Stock & Laura Pütz & Sabrina Schell & Arndt Werner, 2024. "Corporate Social Responsibility in Family Firms: Status and Future Directions of a Research Field," Journal of Business Ethics, Springer, vol. 190(1), pages 199-259, February.
    6. Francesco Aiello & Paola Cardamone & Lidia Mannarino & Valeria Pupo, 2021. "Green patenting and corporate social responsibility: Does family involvement in business matter?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(4), pages 1386-1396, July.
    7. Cristina Lopez-Cozar-Navarro & Tiziana Priede-Bergamini & Sonia Benito-Hernandez, 2023. "How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving Measures," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(63), pages 503-503, April.
    8. Songsong Cheng & Qunpeng Fan & Yang Song, 2023. "Performance Gap and Innovation Ambidexterity: A Moderated Mediation Model," Sustainability, MDPI, vol. 15(5), pages 1-22, February.
    9. Yangyang Qi & Jiong Wu, 2023. "Performance feedback, succession process and innovative activities of family firms: evidence from China," Asian Business & Management, Palgrave Macmillan, vol. 22(2), pages 765-791, April.
    10. Verver, Hugo & van Zelst, Marino & Lucas, Gerardus Johannes Maria & Meeus, Marius, 2019. "Understanding Heterogeneity in the Performance Feedback – Organizational Responsiveness Relationship: A Meta-Analysis," OSF Preprints hq4uw, Center for Open Science.
    11. Lv, David Diwei & Chen, Weihong & Zhu, Hang & Lan, Hailin, 2019. "How does inconsistent negative performance feedback affect the R&D investments of firms? A study of publicly listed firms," Journal of Business Research, Elsevier, vol. 102(C), pages 151-162.
    12. Michaela Kotkova Striteska & Katerina Myslivcova & Viktor Prokop & Lucie Zapletalova, 2024. "Employees' engagement, family ownership, or gender diversity? Searching for determinants of SMEs' green behaviors in CEE countries," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3065-3080, July.
    13. Lakshmi Goyal, 2023. "Investments during institutional transitions: Driven by problems or opportunities?," Asia Pacific Journal of Management, Springer, vol. 40(4), pages 1733-1768, December.
    14. K. Skylar Powell & Eunah Lim & Hidenori Takahashi, 2023. "Chasing ‘Animal spirits’: business expectations, performance feedback, and advertising intensity in Japanese firms," Asian Business & Management, Palgrave Macmillan, vol. 22(3), pages 1035-1064, July.
    15. Deb, Palash & David, Parthiban & O'Brien, Jonathan P. & Duru, Augustine, 2019. "Attainment discrepancy and investment: Effects on firm performance," Journal of Business Research, Elsevier, vol. 99(C), pages 186-196.
    16. Verver, Hugo & van Zelst, Marino & Lucas, Gerardus Johannes Maria & Meeus, Marius, 2019. "Understanding Heterogeneity in the Performance Feedback – Organizational Responsiveness Relationship: A Meta-Analysis," OSF Preprints hq4uw_v1, Center for Open Science.
    17. Limin Geng & Xueyuan Lu & Can Zhang, 2023. "The Theoretical Lineage and Evolutionary Logic of Research on the Environmental Behavior of Family Firms: A Literature Review," IJERPH, MDPI, vol. 20(6), pages 1-23, March.
    18. Dong, Meitong & Wang, Liwen & Yang, Defeng & Zhou, Kevin Zheng, 2022. "Performance feedback and export intensity of Chinese private firms: Moderating roles of institution-related factors," International Business Review, Elsevier, vol. 31(3).
    19. Meng, Can & Sousa, Carlos M.P. & Chen, Jieke, 2024. "Unraveling the relationship between innovation performance feedback and outward FDI: Moderating influence of inward FDI spillovers," Journal of Business Research, Elsevier, vol. 181(C).
    20. Xie, En & Fang, Alex Junyi & Chen, Xin & Wu, Zhan & Kumar, Vikas, 2022. "Performance feedback on sales growth goal and OFDI location choices for firms in emerging economies," Journal of World Business, Elsevier, vol. 57(4).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:bstrat:v:33:y:2024:i:8:p:8508-8525. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-0836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.
    Лучший частный хостинг