Corporate social responsibility (CSR) in Canadian family firms
ISSN: 1747-1117
Article publication date: 18 June 2020
Issue publication date: 27 July 2021
Abstract
Purpose
The purpose of this paper is to examine corporate social responsibility (CSR) activities in Canadian family firms.
Design/methodology/approach
This paper is an empirical work using a sample of Canadian listed companies for eight years between 2010 and 2017.
Findings
Relying on five measures for CSR, this paper finds that, compared with other listed firms, family listed firms have a higher level of CSR engagement. Further tests show that family-named family firms engage in more CSR activities; family firms with second largest shareholders engage in more CSR activities; and family firms affiliated with large business groups engage in more CSR activities. However, family firms whose family members are CEOs, presidents or board chairpersons engage in less CSR engagement.
Originality/value
This paper contributes to the current CSR literature by highlighting the importance of family firm heterogeneity in shaping a firm’s CSR practices. It focuses on four characteristics of Canadian family firms that are potentially connected to CSR, namely, family-named family firms; family firms with family members being CEOs, presidents or chairpersons; family firms with second largest shareholders and family firms affiliated with large business groups.
Keywords
Acknowledgements
The author gratefully acknowledges the financial support for this research was received from Lazaridis School PRME Seed Funding. The author thanks the anonymous reviewers for helpful comments and Zhe Peng for excellent research assistance.
Citation
Zeng, T. (2021), "Corporate social responsibility (CSR) in Canadian family firms", Social Responsibility Journal, Vol. 17 No. 5, pp. 703-718. https://doi.org/10.1108/SRJ-12-2019-0410
Publisher
:Emerald Publishing Limited
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