Does CSR facilitate access to trade credit? The role of family ownership

Financiación de acceso abierto proporcionada por los Fondos Europeos FEDER y la Junta de Castilla y León en el marco de la Estrategia de Investigación e Innovación para la Especialización Inteligente (RIS3) de Castilla y León 2021-2027

Detalhes bibliográficos
Autores: Rivera Franco, María del Pilar, Requejo Puerto, Ignacio, Suárez González, Isabel
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2024
País:España
Recursos:Universidad de Salamanca (USAL)
Repositorio:GREDOS. Repositorio Institucional de la Universidad de Salamanca
OAI Identifier:oai:gredos.usal.es:10366/159850
Acesso em linha:http://hdl.handle.net/10366/159850
Access Level:acceso abierto
Palavra-chave:Trade credit
CSR
External stakeholders
Family firms
Suppliers
Europe
5311 Organización y Dirección de Empresas
5311.02 Gestión Financiera
5311.03 Estudios Industriales
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oai_identifier_str oai:gredos.usal.es:10366/159850
network_acronym_str ES
network_name_str España
repository_id_str
spelling Does CSR facilitate access to trade credit? The role of family ownershipRivera Franco, María del PilarRequejo Puerto, IgnacioSuárez González, IsabelTrade creditCSRExternal stakeholdersFamily firmsSuppliersEurope5311 Organización y Dirección de Empresas5311.02 Gestión Financiera5311.03 Estudios IndustrialesFinanciación de acceso abierto proporcionada por los Fondos Europeos FEDER y la Junta de Castilla y León en el marco de la Estrategia de Investigación e Innovación para la Especialización Inteligente (RIS3) de Castilla y León 2021-2027[EN] Building on the socioemotional wealth theory, this study examines the influence of family ownership and corporate social responsibility (CSR) on trade credit. We argue that the intention to preserve family control, the preference for long-lasting relationships, and the desire to accumulate social capital lead family firms to opt for trade credit. Family firms’ peculiarities are also expected to condition the CSRtrade credit link. In addition, we account for the fact that some CSR practices are particularly aimed at external stakeholders. Our analyses rely on a sample of European listed firms from 2008 to 2020 and our empirical evidence confirms a positive effect of family ownership and CSR on trade credit. Going a step further, our results highlight the moderating role of family ownership in the relationship between CSR and firm’s access to trade credit. In fact, the positive effect of CSR on trade credit seems to be exclusively attributable to family firms. We also report that CSR policies oriented towards external stakeholders are linked to greater use of trade credit, with family firms explaining the positive impact of external CSR.Springer202420242024info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://hdl.handle.net/10366/159850reponame:GREDOS. Repositorio Institucional de la Universidad de Salamancainstname:Universidad de Salamanca (USAL)InglésBDNS487971PID2019-107546GA-I00PID2022-136496NB-I00SA106P20CLU- 2019–03Attribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:gredos.usal.es:10366/1598502026-06-07T06:28:51Z
dc.title.none.fl_str_mv Does CSR facilitate access to trade credit? The role of family ownership
title Does CSR facilitate access to trade credit? The role of family ownership
spellingShingle Does CSR facilitate access to trade credit? The role of family ownership
Rivera Franco, María del Pilar
Trade credit
CSR
External stakeholders
Family firms
Suppliers
Europe
5311 Organización y Dirección de Empresas
5311.02 Gestión Financiera
5311.03 Estudios Industriales
title_short Does CSR facilitate access to trade credit? The role of family ownership
title_full Does CSR facilitate access to trade credit? The role of family ownership
title_fullStr Does CSR facilitate access to trade credit? The role of family ownership
title_full_unstemmed Does CSR facilitate access to trade credit? The role of family ownership
title_sort Does CSR facilitate access to trade credit? The role of family ownership
dc.creator.none.fl_str_mv Rivera Franco, María del Pilar
Requejo Puerto, Ignacio
Suárez González, Isabel
author Rivera Franco, María del Pilar
author_facet Rivera Franco, María del Pilar
Requejo Puerto, Ignacio
Suárez González, Isabel
author_role author
author2 Requejo Puerto, Ignacio
Suárez González, Isabel
author2_role author
author
dc.subject.none.fl_str_mv Trade credit
CSR
External stakeholders
Family firms
Suppliers
Europe
5311 Organización y Dirección de Empresas
5311.02 Gestión Financiera
5311.03 Estudios Industriales
topic Trade credit
CSR
External stakeholders
Family firms
Suppliers
Europe
5311 Organización y Dirección de Empresas
5311.02 Gestión Financiera
5311.03 Estudios Industriales
description Financiación de acceso abierto proporcionada por los Fondos Europeos FEDER y la Junta de Castilla y León en el marco de la Estrategia de Investigación e Innovación para la Especialización Inteligente (RIS3) de Castilla y León 2021-2027
publishDate 2024
dc.date.none.fl_str_mv 2024
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10366/159850
url http://hdl.handle.net/10366/159850
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv BDNS487971
PID2019-107546GA-I00
PID2022-136496NB-I00
SA106P20
CLU- 2019–03
dc.rights.none.fl_str_mv Attribution-NonCommercial-NoDerivatives 4.0 Internacional
http://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NonCommercial-NoDerivatives 4.0 Internacional
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:GREDOS. Repositorio Institucional de la Universidad de Salamanca
instname:Universidad de Salamanca (USAL)
instname_str Universidad de Salamanca (USAL)
reponame_str GREDOS. Repositorio Institucional de la Universidad de Salamanca
collection GREDOS. Repositorio Institucional de la Universidad de Salamanca
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869411151455977472
score 15,198674

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