TY  - GEN
AU  - Berrone, Pascual
AU  - Cruz, Cristina
AU  - Gomez-Mejia, Luis R.
AU  - Larraza-Kintana, Martin
SN  - 0001-8392
AU  - Berrone, Pascual
AU  - Cruz, Cristina
AU  - Gomez-Mejia, Luis R.
AU  - Larraza-Kintana, Martin
LA  - eng
CN  - ENP-0cb87af1-6ee5-4074-a6a1-b2bbc3de57ed
TI  - Socioemotional wealth and corporate responses to institutional pressures: do family-controlled firms pollute less?
PY  - 2010
AB  - 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.
ER  -