Journal Articles

Ownership Structure and Corporate Responses to Institutional Pressures: Do Family-Controlled Firms Pollute Less?

---

This paper compares the environmental performance of family and nonfamily public corporations between 1998 and 2002, using a sample of 194 U.S. firms required to report their emissions. We found that family-controlled public firms protect their socioemotional wealth by having a better environmental performance than their nonfamily counterparts, particularly at the local level, and that for the nonfamily firms, stock ownership by the chief executive officer (CEO) has a negative environmental impact. We also found that the positive effect of family ownership on environmental performance persists independently of whether the CEO is a family member or serves both as CEO and board chair.

---

Availability

No copy data

Detail Information

Series Title

Administrative Science Quarterly

Call Number

-

Publisher

New York : Cornell Johnson Graduate School of Management., 2010

Collation

-

Language

English

ISBN/ISSN

00018392

Classification

-

Content Type

-

Media Type

-

Carrier Type

-

Edition

Volume 55 Number 1 March 2010. pp. 82-113

Subject(s)

-

Specific Detail Info

-

Statement of Responsibility

-

Other version/related

File Attachment

Comments

---

You must be logged in to post a comment