Dutch Journal of Finance and Management

Family Control and Corporate Social Responsibility
Ghina Molaeb 1, Ghena Awad 2 *
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1 Lebanese International University, Beirut, Lebanon
2 Lebanese Beirut Arab University, Beirut, Lebanon
* Corresponding Author
Research Article

Dutch Journal of Finance and Management, 2022 - Volume 5 Issue 1, Article No: 20591
https://doi.org/10.55267/djfm/13290

Published Online: 30 Jun 2022

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How to cite this article
APA 6th edition
In-text citation: (Molaeb & Awad, 2022)
Reference: Molaeb, G., & Awad, G. (2022). Family Control and Corporate Social Responsibility. Dutch Journal of Finance and Management, 5(1), 20591. https://doi.org/10.55267/djfm/13290
Vancouver
In-text citation: (1), (2), (3), etc.
Reference: Molaeb G, Awad G. Family Control and Corporate Social Responsibility. DUTCH J FINANCE MANA. 2022;5(1):20591. https://doi.org/10.55267/djfm/13290
AMA 10th edition
In-text citation: (1), (2), (3), etc.
Reference: Molaeb G, Awad G. Family Control and Corporate Social Responsibility. DUTCH J FINANCE MANA. 2022;5(1), 20591. https://doi.org/10.55267/djfm/13290
Chicago
In-text citation: (Molaeb and Awad, 2022)
Reference: Molaeb, Ghina, and Ghena Awad. "Family Control and Corporate Social Responsibility". Dutch Journal of Finance and Management 2022 5 no. 1 (2022): 20591. https://doi.org/10.55267/djfm/13290
Harvard
In-text citation: (Molaeb and Awad, 2022)
Reference: Molaeb, G., and Awad, G. (2022). Family Control and Corporate Social Responsibility. Dutch Journal of Finance and Management, 5(1), 20591. https://doi.org/10.55267/djfm/13290
MLA
In-text citation: (Molaeb and Awad, 2022)
Reference: Molaeb, Ghina et al. "Family Control and Corporate Social Responsibility". Dutch Journal of Finance and Management, vol. 5, no. 1, 2022, 20591. https://doi.org/10.55267/djfm/13290
ABSTRACT
Corporate Social Responsibility adoption among organizations continues across different sects. This research explores the extent of Corporate Social Responsibility performance by family firms. Second, the researchers examined the extent of non-family firms' Corporate Social Responsibility performance. The adoption of Corporate Social Responsibility among organizations has continued to take pace. Corporate Social Responsibility involves activities that go beyond a business's everyday operations to focus on achieving social good. For instance, in order to show how companies, place much importance on Corporate Social Responsibility, the findings expressed in different studies show that Corporate Social Responsibility contributes towards increased stock returns, increased access to financing, creates an opportunity for companies to merge, and creates an avenue for firms to reduce on the cost of their capital. However, only a few studies have shown that Corporate Social Responsibility depends on a few determinants such as regulations, characteristics of chief executive officers, political affiliations, and national institutions. The research adopted questionnaire instruments to collect primary data through a survey approach from respondents from family and non-family-controlled companies. The findings showed that family firms recorded lower Corporate Social Responsibility performance than non-family-controlled firms.
KEYWORDS
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