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  1. Orientation Toward Key Non-family Stakeholders and Economic Performance in Family Firms: The Role of Family Identification with the Firm.Mª de la Cruz Déniz-Déniz, Mª Katiuska Cabrera-Suárez & Josefa D. Martín-Santana - 2020 - Journal of Business Ethics 163 (2):329-345.
    Based on the literature on stakeholder management and family firm dynamics, this research analyses the relationship between three constructs: the identification of business families with their family firms, FFs’ orientation toward key non-family stakeholders, and the achievement of better economic performance. Data analyses from 374 family and non-family members of 173 Spanish FFs show that a high level of family identification with their firms affects the orientation of FFs toward key non-family stakeholders in setting corporate goals and that this orientation (...)
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  • Revisiting the Effect of Family Involvement on Corporate Social Responsibility: A Behavioral Agency Perspective.Victor Cui, Shujun Ding, Mingzhi Liu & Zhenyu Wu - 2018 - Journal of Business Ethics 152 (1):291-309.
    This paper sheds light on the incongruent findings concerning the relationship between family involvement and firms’ corporate social responsibility. While prior studies have mainly taken the perspective of families’ socioemotional wealth preservation, we approach this relationship from the perspective of behavioral agency theory, highlighting the important role played by CEOs’ family memberships. Specifically, we posit that family firms are more likely to invest in CSR when their CEOs are members of the controlling families. Furthermore, we examine how family firms can (...)
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  • Two Wrongs Make a ‘Right’? Exploring the Ethical Calculus of Earnings Management Before Large Labor Dismissals.Ionela Andreicovici, Nava Cohen, Silvia Ferramosca & Alessandro Ghio - 2020 - Journal of Business Ethics 172 (2):379-405.
    This paper examines whether firms strategically legitimize large labor dismissals by performing ex-ante downward earnings management. We further assess whether the effect is larger under stakeholder pressure and whether these practices influence the external perception of firms’ behavior. As laying off employees without an economic reason is perceived as a breach of the social contract, stakeholders pressure firms to provide economic justification for LLDs. We argue that firms strategically legitimize LLDs by artificially worsening their financial performance through downward earnings management. (...)
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