Business, Management and Accounting (miscellaneous)
Disciplines :
Strategy & innovation
Author, co-author :
Bauweraerts, Jonathan ; Université de Mons - UMONS > Faculté Warocqué d'Economie et de Gestion > Service de Comptabilité,Audit, Risk management et Entrepreneuriat
Arzubiaga, Unai
Diaz-Moriana, Vanessa
Language :
English
Title :
Going greener, performing better? The case of private family firms
Aboelmaged, M., Hashem, G., Absorptive capacity and green innovation adoption in SMEs: the mediating effects of sustainable organisational capabilities. J. Clean. Prod. 220 (2019), 853–863.
Aguilera-Caracuel, J., Ortiz-de-Mandojana, N., Green innovation and financial performance: an institutional approach. Organ. Environ. 26:4 (2013), 365–385.
Aiello, F., Cardamone, P., Mannarino, L., Pupo, V., Green patenting and corporate social responsibility: does family involvement in business matter?. Corp. Soc. Responsib. Environ. Manag. 28:4 (2021), 1386–1396.
Aiken, L.S., West, S.G., Reno, R.R., Multiple Regression: Testing and Interpreting Interactions. 1991, Sage Publications, Newbury Park, CA.
Alayo, M., Maseda, A., Iturralde, T., Arzubiaga, U., Internationalization and entrepreneurial orientation of family SMEs: the influence of the family character. Int. Bus. Rev. 28:1 (2019), 48–59.
Alessandri, T.M., Cerrato, D., Eddleston, K.A., The mixed gamble of internationalization in family and nonfamily firms: The moderating role of organizational slack. Glob. Strategy J. 8:1 (2018), 46–72.
Amato, S., Patuelli, A., Basco, R., Lattanzi, N., Family firms amidst the global financial crisis: a territorial embeddedness perspective on downsizing. J. Bus. Ethics, 2021, 10.1007/s10551-021-04930-0.
Ardito, L., Messeni Petruzzelli, A., Pascucci, F., Peruffo, E., Inter‐firm R&D collaborations and green innovation value: the role of family firms' involvement and the moderating effects of proximity dimensions. Bus. Strategy Environ. 28:1 (2019), 185–197.
Arena, C., Michelon, G., Trojanowski, G., Big egos can be green: a study of CEO hubris and environmental innovation. Br. J. Manag. 29:2 (2018), 316–336.
Arfi, W.B., Hikkerova, L., Sahut, J.M., External knowledge sources, green innovation and performance. Technol. Forecast. Soc. Chang. 129 (2018), 210–220.
Armstrong, J.S., Overton, T.S., Estimating nonresponse bias in mail surveys. J. Mark. Res. 14:3 (1977), 396–402.
Arzubiaga, U., Maseda, A., Iturralde, T., Exploratory and exploitative innovation in family businesses: the moderating role of the family firm image and family involvement in top management. Rev. Manag. Sci. 13:1 (2019), 1–31.
de Azevedo Rezende, L., Bansi, A.C., Alves, M.F.R., Galina, S.V.R., Take your time: examining when green innovation affects financial performance in multinationals. J. Clean. Prod. 233 (2019), 993–1003.
Bai, Y., Song, S., Jiao, J., Yang, R., The impacts of government R&D subsidies on green innovation: evidence from Chinese energy-intensive firms. J. Clean. Prod. 233 (2019), 819–829.
Basco, R., Exploring the influence of the family upon firm performance: does strategic behaviour matter?. Int. Small Bus. J. 32:8 (2014), 967–995.
Bauweraerts, J., Colot, O., Exploring nonlinear effects of family involvement in the board on entrepreneurial orientation. J. Bus. Res. 70 (2017), 185–192.
Bauweraerts, J., Diaz‐Moriana, V., Arzubiaga, U., A mixed gamble approach of the impact of family management on firm's growth: a longitudinal analysis. Eur. Manag. Rev. 17:3 (2020), 747–764.
Bauweraerts, J., Pongelli, C., Sciascia, S., Mazzola, P., Minichilli, A., Transforming entrepreneurial orientation into performance in family SMEs: are nonfamily CEOs better than family CEOs?. J. Small Bus. Manag., 2021, 10.1080/00472778.2020.1866763.
Bauweraerts, J., Rondi, E., Rovelli, P., De Massis, A., Sciascia, S., Are family female directors catalysts of innovation in family SMEs?. Strateg. Entrep. J., 2022, 10.1002/sej.1420.
Bendell, B.L., Environmental investment decisions of family firms—an analysis of competitor and government influence. Bus. Strategy Environ. 31:1 (2022), 1–14.
Berrone, P., Duran, P., Gómez-Mejía, L., Heugens, P.P., Kostova, T., van Essen, M., Impact of informal institutions on the prevalence, strategy, and performance of family firms: a meta-analysis. J. Int. Bus. Stud., 2020, 10.1057/s41267-020-00362-6.
Blanco-Mazagatos, V., de Quevedo-Puente, E., Delgado-García, J.B., Human resource practices and organizational human capital in the family firm: the effect of generational stage. J. Bus. Res. 84 (2018), 337–348.
Calabrò, A., Torchia, M., Pukall, T., Mussolino, D., The influence of ownership structure and board strategic involvement on international sales: the moderating effect of family involvement. Int. Bus. Rev. 22:3 (2013), 509–523.
Calabrò, A., Vecchiarini, M., Gast, J., Campopiano, G., De Massis, A., Kraus, S., Innovation in family firms: a systematic literature review and guidance for future research. Int. J. Manag. Rev. 21:3 (2019), 317–355.
Carr, J.C., Vardaman, J.M., Marler, L.E., McLarty, B.D., Blettner, D., Psychological antecedents of decision comprehensiveness and their relationship to decision quality and performance in family firms: an upper echelons perspective. Fam. Bus. Rev., 2020 https://doi.org/10.1177%2F0894486520917774.
Casini, M., Bastianoni, S., Gagliardi, F., Gigliotti, M., Riccaboni, A., Betti, G., Sustainable development goals indicators: a methodological proposal for a multidimensional fuzzy index in the mediterranean area. Sustainability, 11(4), 2019, 10.3390/su11041198.
Cennamo, C., Berrone, P., Cruz, C., Gomez–Mejia, L.R., Socioemotional wealth and proactive stakeholder engagement: why family–controlled firms care more about their stakeholders. Entrep. Theory Pract. 36:6 (2012), 1153–1173.
Centobelli, P., Cerchione, R., Esposito, E., Pursuing supply chain sustainable development goals through the adoption of green practices and enabling technologies: a cross-country analysis of LSPs. Technol. Forecast. Soc. Chang., 2020, 153, 10.1016/j.techfore.2020.119920.
Chen, J.X., Sharma, P., Zhan, W., Liu, L., Demystifying the impact of CEO transformational leadership on firm performance: interactive roles of exploratory innovation and environmental uncertainty. J. Bus. Res. 96 (2019), 85–96.
Cherchem, N., The relationship between organizational culture and entrepreneurial orientation in family firms: does generational involvement matter?. J. Fam. Bus. Strategy 8:2 (2017), 87–98.
Chirico, F., Bau, M., Is the family an “asset” or “liability” for firm performance? The moderating role of environmental dynamism. J. Small Bus. Manag. 52:2 (2014), 210–225.
Chirico, F., Salvato, C., Knowledge internalization and product development in family firms: when relational and affective factors matter. Entrep. Theory Pract. 40:1 (2016), 201–229.
Chu, W., Family ownership and firm performance: influence of family management, family control, and firm size. Asia Pac. J. Manag. 28:4 (2011), 833–851.
Cirillo, A., Mussolino, D., Romano, M., Viganò, R., A complicated relationship: family involvement in the top management team and post-IPO survival. J. Fam. Bus. Strategy 8:1 (2017), 42–56.
Clauß, T., Kraus, S., Jones, P., Sustainability in family business: mechanisms, technologies and business models for achieving economic prosperity, environmental quality and social equity. Technol. Forecast. Soc. Chang., 2022, 176, 10.1016/j.techfore.2021.121450.
Coad, A., Holm, J.R., Krafft, J., Quatraro, F., Firm age and performance. J. Evolut. Econ. 28:1 (2018), 1–11.
Conway, J.M., Lance, C.E., What reviewers should expect from authors regarding common method bias in organizational research. J. Bus. Psychol. 25:3 (2010), 325–334.
Corten, M., Steijvers, T., Lybaert, N., The effect of intrafamily agency conflicts on audit demand in private family firms: the moderating role of the board of directors. J. Fam. Bus. Strategy 8:1 (2017), 13–28.
Cyert, R.M., March, J.G., A Behavioral Theory of the Firm. 1963, Prentice Hall, Englewood Cliffs, NJ.
D'Allura, G.M., The leading role of the top management team in understanding family firms: past research and future directions. J. Fam. Bus. Strategy 10:2 (2019), 87–104.
Dangelico, R.M., Green product innovation: where we are and where we are going. Bus. Strategy Environ. 25:8 (2016), 560–576.
Dangelico, R.M., Pontrandolfo, P., Being ‘green and competitive’: the impact of environmental actions and collaborations on firm performance. Bus. Strategy Environ. 24:6 (2015), 413–430.
Dangelico, R.M., Nastasi, A., Pisa, S., A comparison of family and nonfamily small firms in their approach to green innovation: a study of Italian companies in the agri‐food industry. Bus. Strategy Environ. 28:7 (2019), 1434–1448.
Davidson, R., Mackinnon, J., Estimation and Interference in Economics. 1983, Oxford University Press, New York.
De Massis, A., Frattini, F., Majocchi, A., Piscitello, L., Family firms in the global economy: toward a deeper understanding of internationalization determinants, processes, and outcomes. Glob. Strategy J. 8:1 (2018), 3–21.
De Massis, A., Kotlar, J., Mazzola, P., Minola, T., Sciascia, S., Conflicting selves: family owners' multiple goals and self-control agency problems in private firms. Entrep. Theory Pract. 42:3 (2018), 362–389.
Debellis, F., De Massis, A., Petruzzelli, A.M., Frattini, F., Del Giudice, M., Strategic agility and international joint ventures: the willingness-ability paradox of family firms. J. Int. Manag., 27(1), 2021, 10.1016/j.intman.2020.100739.
Delmas, M.A., Gergaud, O., Sustainable certification for future generations: the case of family business. Fam. Bus. Rev. 27:3 (2014), 228–243.
Deman, R., Jorissen, A., Laveren, E., Board monitoring in a privately held firm: when does CEO duality matter? The moderating effect of ownership. J. Small Bus. Manag. 56:2 (2018), 229–250.
Di Vaio, A., Palladino, R., Hassan, R., Escobar, O., Artificial intelligence and business models in the sustainable development goals perspective: a systematic literature review. J. Bus. Res. 121 (2020), 283–314.
Doluca, H., Wagner, M., Block, J., Sustainability and environmental behaviour in family firms: a longitudinal analysis of environment‐related activities, innovation and performance. Bus. Strategy Environ. 27:1 (2018), 152–172.
Dorninger, C., Hornborg, A., Abson, D.J., Von Wehrden, H., Schaffartzik, A., Giljum, S., Wieland, H., Global patterns of ecologically unequal exchange: implications for sustainability in the 21st century. Ecol. Econ., 179, 2021, 10.1016/j.ecolecon.2020.106824.
Duran, P., Kammerlander, N., Van Essen, M., Zellweger, T., Doing more with less: innovation input and output in family firms. Acad. Manag. J. 59:4 (2016), 1224–1264.
Dyer, W.G., Are family firms really better? Reexamining “examining the ‘family effect'on firm performance”. Fam. Bus. Rev. 31:2 (2018), 240–248.
Eddleston, K.A., Kellermanns, F.W., Floyd, S.W., Crittenden, V.L., Crittenden, W.F., Planning for growth: life stage differences in family firms. Entrep. Theory Pract. 37:5 (2013), 1177–1202.
El-Kassar, A.N., Singh, S.K., Green innovation and organizational performance: the influence of big data and the moderating role of management commitment and HR practices. Technol. Forecast. Soc. Chang. 144 (2019), 483–498.
Ernst, R.A., Gerken, M., Hack, A., Hülsbeck, M., Family firms as agents of sustainable development: a normative perspective. Technol. Forecast. Soc. Chang., 2022, 10.1016/j.techfore.2021.121135.
European Commission, 2019. Eco-innovation in Belgium: Eco-Innovation Country Profile 2018–2019. 〈 https://ec.europa.eu/environment/ecoap/sites/default/files/field/field-country-files/eio_country_profile_2018-2019_belgium.pdf〉. (Accessed 30 August 2021).
Fernando, G.D., Jain, S.S., Tripathy, A., This cloud has a silver lining: gender diversity, managerial ability, and firm performance. J. Bus. Res. 117 (2020), 484–496.
Firfiray, S., Cruz, C., Neacsu, I., Gomez-Mejia, L.R., Is nepotism so bad for family firms? A socioemotional wealth approach. Hum. Resour. Manag. Rev. 28:1 (2018), 83–97.
Fliaster, A., Kolloch, M., Implementation of green innovations–the impact of stakeholders and their network relations. RD Manag. 47:5 (2017), 689–700.
Guo, Y., Wang, L., Yang, Q., Do corporate environmental ethics influence firms’ green practice? The mediating role of green innovation and the moderating role of personal ties. J. Clean. Prod., 2020, 266, 10.1016/j.jclepro.2020.122054.
Hair, J.F., Black, W.C., Babin, B.J., Anderson, R.E., Multivariate Data Analysis: A Global Perspective. 2010, Pearson, Upper Saddle River, NJ.
Halder, A., Prügl, R., Kraiczy, N.D., Hack, A., The family factor: how collaborative dialogue between owner managers and the owner family shapes firm-level outcomes. J. Small Bus. Manag., 2021, 10.1080/00472778.2020.1844484.
Hall, M., Weiss, L., Firm size and profitability. Rev. Econ. Stat. 49:3 (1967), 319–331.
Hambrick, D.C., Mason, P.A., Upper echelons: the organization as a reflection of its top managers. Acad. Manag. Rev. 9:2 (1984), 193–206.
Hansen, C., Block, J., Exploring the relation between family involvement and firms’ financial performance: a replication and extension meta-analysis. J. Bus. Ventur. Insights, 2020, 13, 10.1016/j.jbvi.2020.e00158.
Hansen, C., Block, J., Neuenkirch, M., Family firm performance over the business cycle: a meta‐analysis. J. Econ. Surv. 34:3 (2020), 476–511.
Hernández-Perlines, F., Covin, J.G., Ribeiro-Soriano, D.E., Entrepreneurial orientation, concern for socioemotional wealth preservation, and family firm performance. J. Bus. Res. 126 (2021), 197–208.
Hoffmann, C., Wulf, T., Stubner, S., Understanding the performance consequences of family involvement in the top management team: the role of long-term orientation. Int. Small Bus. J. 34:3 (2016), 345–368.
Hsu, L.C., Chang, H.C., The role of behavioral strategic controls in family firm innovation. Ind. Innov. 18:7 (2011), 709–727.
Hu, Q., Hughes, M., Radical innovation in family firms: a systematic analysis and research agenda. Int. J. Entrep. Behav. Res. 26:6 (2020), 1199–1234.
Huan, Y., Liang, T., Li, H., Zhang, C., A systematic method for assessing progress of achieving sustainable development goals: a case study of 15 countries. Sci. Total Environ., 2021, 752, 10.1016/j.scitotenv.2020.141875.
Huang, J.W., Li, Y.H., Green innovation and performance: the view of organizational capability and social reciprocity. J. Bus. Ethics 145:2 (2017), 309–324.
Huang, Y.C., Wang, Y., How does high-speed railway affect green innovation efficiency? A perspective of innovation factor mobility. J. Clean. Prod., 2020, 265, 10.1016/j.jclepro.2020.121623.
Huang, Y.C., Ding, H.B., Kao, M.R., Salient stakeholder voices: family business and green innovation adoption. J. Manag. Organ. 15:3 (2009), 309–326.
Huang, Y.C., Yang, M.L., Wong, Y.J., The effect of internal factors and family influence on firms’ adoption of green product innovation. Manag. Res. Rev. 39:10 (2016), 1167–1198.
Imran, S., Alam, K., Beaumont, N., Reinterpreting the definition of sustainable development for a more ecocentric reorientation. Sustain. Dev. 22:2 (2014), 134–144.
Jaskiewicz, P., Combs, J.G., Rau, S.B., Entrepreneurial legacy: toward a theory of how some family firms nurture transgenerational entrepreneurship. J. Bus. Ventur. 30:1 (2015), 29–49.
Jensen, M.C., Agency costs of free cash flow, corporate finance, and takeovers. Am. Econ. Rev. 76:2 (1986), 323–329.
Jiang, Y., Peng, M.W., Are family ownership and control in large firms good, bad, or irrelevant?. Asia Pac. J. Manag. 28:1 (2011), 15–39.
Kelleci, R., Lambrechts, F., Voordeckers, W., Huybrechts, J., CEO personality: a different perspective on the nonfamily versus family CEO debate. Fam. Bus. Rev. 32:1 (2019), 31–57.
Kellermanns, F.W., Eddleston, K.A., Barnett, T., Pearson, A., An exploratory study of family member characteristics and involvement: effects on entrepreneurial behavior in the family firm. Fam. Bus. Rev. 21:1 (2008), 1–14.
Kesavan, S., Gaur, V., Raman, A., Do inventory and gross margin data improve sales forecasts for US public retailers?. Manag. Sci. 56:9 (2010), 1519–1533.
Kim, J., Fairclough, S., Dibrell, C., Attention, action, and greenwash in family-influenced firms? Evidence from polluting industries. Organ. Environ. 30:4 (2017), 304–323.
Kinias, I., The performance of family firms during crisis periods: the case of Greece. Eur. J. Fam. Bus. 12:1 (2022), 63–79.
Kraiczy, N.D., Hack, A., Kellermanns, F.W., New product portfolio performance in family firms. J. Bus. Res. 67:6 (2014), 1065–1073.
Kusi-Sarpong, S., Bai, C., Sarkis, J., Wang, X., Green supply chain practices evaluation in the mining industry using a joint rough set and fuzzy TOPSIS methodology. Resour. Policy 46 (2015), 86–100.
Lambrecht, J., Broeckart, W., 2018. Baromètre Degroof Petercam des entreprises familiales. 〈 https://publications.degroofpetercam.be/wp-content/uploads/sites/1616/2018/06/Digital_Barometre-entreprises-familiales_FR-low.pdf〉. (Accessed 30 August 2021).
Le Breton-Miller, I., Miller, D., Family firms and practices of sustainability: a contingency view. J. Fam. Bus. Strategy 7:1 (2016), 26–33.
Lee, T., Liu, W.T., Yu, J.X., Does TMT composition matter to environmental policy and firm performance? The role of organizational slack. Corp. Soc. Responsib. Environ. Manag. 28:1 (2021), 196–213.
Lin, R.J., Tan, K.H., Geng, Y., Market demand, green product innovation, and firm performance: evidence from Vietnam motorcycle industry. J. Clean. Prod. 40 (2013), 101–107.
Liu, Y., Shao, X., Tang, M., Lan, H., Spatio-temporal evolution of green innovation network and its multidimensional proximity analysis: empirical evidence from China. J. Clean. Prod., 2021, 283, 10.1016/j.jclepro.2020.124649.
Ma, Y., Zhang, Q., Yin, Q., Top management team faultlines, green technology innovation and firm financial performance. J. Environ. Manag., 2021, 10.1016/j.jenvman.2021.112095.
Mani, D., Durand, R., Family firms in the ownership network: clustering, bridging, and embeddedness. Entrep. Theory Pract. 43:2 (2019), 330–351.
Mariani, M.M., Al-Sultan, K., De Massis, A., Corporate social responsibility in family firms: a systematic literature review. J. Small Bus. Manag., 2021, 10.1080/00472778.2021.1955122.
Martí-Ballester, C.P., Analysing the financial performance of sustainable development goals-themed mutual funds in China. Sustain. Prod. Consum. 27 (2021), 858–887.
Martínez-Alonso, R., Martínez-Romero, M.J., Rojo-Ramírez, A.A., Refining the influence of family involvement in management on firm performance: the mediating role of technological innovation efficiency. Bus. Res. Q., 2020 https://doi.org/10.1177%2F2340944420957330.
Martínez‐Ros, E., Kunapatarawong, R., Green innovation and knowledge: the role of size. Bus. Strategy Environ. 28:6 (2019), 1045–1059.
Matzler, K., Veider, V., Hautz, J., Stadler, C., The impact of family ownership, management, and governance on innovation. J. Prod. Innov. Manag. 32:3 (2015), 319–333.
Mensah, J., Sustainable development: meaning, history, principles, pillars, and implications for human action: literature review. Cogent Soc. Sci., 5(1), 2019, 10.1080/23311886.2019.1653531.
Miller, D., Minichilli, A., Corbetta, G., Is family leadership always beneficial?. Strateg. Manag. J. 34:5 (2013), 553–571.
Min, B.S., Heterogeneity of R&D in family firms. J. Bus. Res. 129 (2021), 88–95.
Miroshnychenko, I., De Massis, A., Sustainability practices of family and nonfamily firms: a worldwide study. Technol. Forecast. Soc. Chang., 2022, 174, 10.1016/j.techfore.2021.121079.
Monteiro, N.B.R., da Silva, E.A., Neto, J.M.M., Sustainable development goals in mining. J. Clean. Prod. 228 (2019), 509–520.
Muhmad, S.N., Muhamad, R., Sustainable business practices and financial performance during pre-and post-SDG adoption periods: a systematic review. J. Sustain. Financ. Invest., 2020, 10.1080/20430795.2020.1727724.
Murphy, D.L., Understanding the complexities of private family firms: an empirical investigation. Fam. Bus. Rev. 18:2 (2005), 123–133.
Neckebrouck, J., Schulze, W., Zellweger, T., Are family firms good employers?. Acad. Manag. J. 61:2 (2018), 553–585.
Neely, B.H. Jr, Lovelace, J.B., Cowen, A.P., Hiller, N.J., Metacritiques of upper echelons theory: Verdicts and recommendations for future research. J. Manag. 46:6 (2020), 1029–1062.
Neffe, C., Wilderom, C.P., Lattuch, F., Emotionally intelligent top management and high family firm performance: evidence from Germany. Eur. Manag. J., 2021, 10.1016/j.emj.2021.07.007.
Nielsen, B.B., Nielsen, S., Top management team nationality diversity and firm performance: a multilevel study. Strateg. Manag. J. 34:3 (2013), 373–382.
Pittino, D., Martínez, A.B., Chirico, F., Galván, R.S., Psychological ownership, knowledge sharing and entrepreneurial orientation in family firms: the moderating role of governance heterogeneity. J. Bus. Res. 84 (2018), 312–326.
Pittino, D., Chirico, F., Henssen, B., Broekaert, W., Does increased generational involvement foster business growth? The moderating roles of family involvement in ownership and management. Eur. Manag. Rev. 17:3 (2020), 785–801.
Ramalho, J.J., Rita, R.M., da Silva, J.V., The impact of family ownership on capital structure of firms: Exploring the role of zero-leverage, size, location and the global financial crisis. Int. Small Bus. J. 36:5 (2018), 574–604.
Ramzan, M., Amin, M., Abbas, M., How does corporate social responsibility affect financial performance, financial stability, and financial inclusion in the banking sector? Evidence from Pakistan. Res. Int. Bus. Financ., 2021, 55, 10.1016/j.ribaf.2020.101314.
Rehman, S.U., Kraus, S., Shah, S.A., Khanin, D., Mahto, R.V., Analyzing the relationship between green innovation and environmental performance in large manufacturing firms. Technol. Forecast. Soc. Chang., 2021, 163, 10.1016/j.techfore.2020.120481.
Roper, S., Tapinos, E., Taking risks in the face of uncertainty: an exploratory analysis of green innovation. Technol. Forecast. Soc. Chang. 112 (2016), 357–363.
Rousseau, M.B., Kellermanns, F., Zellweger, T., Beck, T.E., Relationship conflict, family name congruence, and socioemotional wealth in family firms. Fam. Bus. Rev. 31:4 (2018), 397–416.
Rovelli, P., Rossi-Lamastra, C., Longoni, A., Cagliano, R., TMT organizational configurations and opportunity realization in established firms: an exploratory analysis. Long. Range Plan., 53(3), 2020, 10.1016/j.lrp.2020.101972.
Samara, G., Jamali, D., Sierra, V., Parada, M.J., Who are the best performers? The environmental social performance of family firms. J. Fam. Bus. Strategy 9:1 (2018), 33–43.
Sanchez-Famoso, V., Pittino, D., Chirico, F., Maseda, A., Iturralde, T., Social capital and innovation in family firms: the moderating roles of family control and generational involvement. Scand. J. Manag., 35(3), 2019, 10.1016/j.scaman.2019.02.002.
Sánchez-Marín, G., Carrasco-Hernández, A.J., Danvila-del-Valle, I., Effects of family involvement on the monitoring of CEO compensation. Int. Entrep. Manag. J. 16:4 (2020), 1347–1366.
Scholes, L., Hughes, M., Wright, M., De Massis, A., Kotlar, J., Family management and family guardianship: governance effects on family firm innovation strategy. J. Fam. Bus. Strategy, 2021, 10.1016/j.jfbs.2020.100389.
Sciascia, S., Mazzola, P., Chirico, F., Generational involvement in the top management team of family firms: exploring nonlinear effects on entrepreneurial orientation. Entrep. Theory Pract. 37:1 (2013), 69–85.
Sciascia, S., Mazzola, P., Kellermanns, F.W., Family management and profitability in private family-owned firms: introducing generational stage and the socioemotional wealth perspective. J. Fam. Bus. Strategy 5:2 (2014), 131–137.
Sheikh, S., Corporate social responsibility and firm leverage: the impact of market competition. Res. Int. Bus. Financ. 48 (2019), 496–510.
Short, J.C., Ketchen, D.J., Palmer, T.B., Hult, G.T.M., Firm, strategic group, and industry influences on performance. Strateg. Manag. J. 28:2 (2007), 147–167.
Siegel, S., Castellan, N.J., Nonparametric Statistics for the Behavioral Sciences, second ed., 1988, McGraw–Hill, New York, NY.
Sirén, C., Patel, P.C., Örtqvist, D., Wincent, J., CEO burnout, managerial discretion, and firm performance: the role of CEO locus of control, structural power, and organizational factors. Long. Range Plan. 51:6 (2018), 953–971.
Steijvers, T., Niskanen, M., Tax aggressiveness in private family firms: an agency perspective. J. Fam. Bus. Strategy 5:4 (2014), 347–357.
Stucki, T., Woerter, M., Arvanitis, S., Peneder, M., Rammer, C., How different policy instruments affect green product innovation: a differentiated perspective. Energy Policy 114 (2018), 245–261.
Tabor, W., Chrisman, J.J., Madison, K., Vardaman, J.M., Nonfamily members in family firms: a review and future research agenda. Fam. Bus. Rev. 31:1 (2018), 54–79.
Tang, M., Walsh, G., Lerner, D., Fitza, M.A., Li, Q., Green innovation, managerial concern and firm performance: an empirical study. Bus. Strategy Environ. 27:1 (2018), 39–51.
Tsuruta, D., Leverage and firm performance of small businesses: evidence from Japan. Small Bus. Econ. 44:2 (2015), 385–410.
Ullah, R., Ahmad, H., Rehman, F.U., Fawad, A., Green innovation and sustainable development goals in SMEs: the moderating role of government incentives. J. Econ. Adm. Sci., 2021, 10.1108/JEAS-07-2021-0122.
Umar, M., Ji, X., Kirikkaleli, D., Xu, Q., COP21 Roadmap: do innovation, financial development, and transportation infrastructure matter for environmental sustainability in China?. J. Environ. Manag., 2020, 271, 10.1016/j.jenvman.2020.111026.
Vallejo, M.C., The effects of commitment of non-family employees of family firms from the perspective of stewardship theory. J. Bus. Ethics 87:3 (2009), 379–390.
Vanacker, T., Collewaert, V., Zahra, S.A., Slack resources, firm performance, and the institutional context: evidence from privately held E uropean firms. Strateg. Manag. J. 38:6 (2017), 1305–1326.
Vandekerkhof, P., Steijvers, T., Hendriks, W., Voordeckers, W., Socio‐emotional wealth separation and decision‐making quality in family firm TMTs: the moderating role of psychological safety. J. Manag. Stud. 55:4 (2018), 648–676.
Wang, G., Holmes, R.M. Jr, Oh, I.S., Zhu, W., Do CEOs matter to firm strategic actions and firm performance? A meta‐analytic investigation based on upper echelons theory. Pers. Psychol. 69:4 (2016), 775–862.
WCED, Our Common Future (Brundtland Report). 1987, Oxford University Press, Oxford, UK.
Wielsma, A.J., Brunninge, O., “Who am I? Who are we?” Understanding the impact of family business identity on the development of individual and family identity in business families. J. Fam. Bus. Strategy 10:1 (2019), 38–48.
Wong, C.W., Wong, C.Y., Boon‐itt, S., How does sustainable development of supply chains make firms lean, green and profitable? A resource orchestration perspective. Bus. Strategy Environ. 27:3 (2018), 375–388.
Woodfield, P., Husted, K., Intergenerational knowledge sharing in family firms: case-based evidence from the New Zealand wine industry. J. Fam. Bus. Strategy 8:1 (2017), 57–69.
Wooldridge, J., Introductory Econometrics: A Modern Approach, second ed., 2002, South-Western College Publishing, New York.
Xue, M., Boadu, F., Xie, Y., The penetration of green innovation on firm performance: Effects of absorptive capacity and managerial environmental concern. Sustainability, 11(9), 2019, 10.3390/su11092455.
Yu, E.P.Y., Van Luu, B., Chen, C.H., Greenwashing in environmental, social and governance disclosures. Res. Int. Bus. Financ., 2020, 52, 10.1016/j.ribaf.2020.101192.
Zellweger, T.M., Chrisman, J.J., Chua, J.H., Steier, L.P., Social structures, social relationships, and family firms. Entrep. Theory Pract. 43:2 (2019), 207–223.
Zhang, D., Rong, Z., Ji, Q., Green innovation and firm performance: evidence from listed companies in China. Resour. Conserv. Recycl. 144 (2019), 48–55.
Zhang, Y., Sun, J., Yang, Z., Wang, Y., Critical success factors of green innovation: technology, organization and environment readiness. J. Clean. Prod., 2020, 264, 10.1016/j.jclepro.2020.121701.