Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firms

Review article

Detalles Bibliográficos
Autores: zhu, changyi, Simon, Alexandra, Parada, Maria Jose
Tipo de recurso: artículo
Fecha de publicación:2025
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:20.500.14342/6010
Acceso en línea:https://hdl.handle.net/20.500.14342/6010
https://doi.org/10.1016/j.sftr.2025.100470
Access Level:acceso abierto
Palabra clave:Family business
ESG
Financial performance
CSR
Chinese market
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spelling Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firmszhu, changyiSimon, AlexandraParada, Maria JoseFamily businessESGFinancial performanceCSRChinese marketReview articleThe socioemotional wealth of family businesses fosters long-term orientation, aligning with the environmental, social, and governance (ESG) principles essential for sustainable value creation. This study utilised panel data from 1,181 Chinese-listed family firms between 2016 and 2020. It employed multiple regression and mediation analysis to examine how ESG engagement mediates the relationship between family control and the firms’ financial outcomes. The findings revealed that proactive ESG strategies enhance the positive effects of family control on financial outcomes, though the degree of mediation varied across performance indicators. These results highlight the strategic importance of integrating ESG considerations into financial planning for family businesses, offering valuable insights for managers and investors seeking to drive sustainable development through informed capital allocation and targeted governance structures. From a policy perspective, these results suggest the need for government incentives and enhanced disclosure standards to encourage broader ESG adoption among family firms in emerging markets.info:eu-repo/semantics/publishedVersionElsevier Ltd.Universitat Ramon Llull. Esade2025info:eu-repo/semantics/article10 p.https://hdl.handle.net/20.500.14342/6010https://doi.org/10.1016/j.sftr.2025.100470reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésSustainable Futures, Vol. 9, 100470Attribution 4.0 International© L'autor/ahttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:recercat.cat:20.500.14342/60102026-05-29T05:05:01Z
dc.title.none.fl_str_mv Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firms
title Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firms
spellingShingle Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firms
zhu, changyi
Family business
ESG
Financial performance
CSR
Chinese market
title_short Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firms
title_full Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firms
title_fullStr Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firms
title_full_unstemmed Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firms
title_sort Toward sustainability: ESG bridging socioemotional wealth and sustainable financial in family firms
dc.creator.none.fl_str_mv zhu, changyi
Simon, Alexandra
Parada, Maria Jose
author zhu, changyi
author_facet zhu, changyi
Simon, Alexandra
Parada, Maria Jose
author_role author
author2 Simon, Alexandra
Parada, Maria Jose
author2_role author
author
dc.contributor.none.fl_str_mv Universitat Ramon Llull. Esade
dc.subject.none.fl_str_mv Family business
ESG
Financial performance
CSR
Chinese market
topic Family business
ESG
Financial performance
CSR
Chinese market
description Review article
publishDate 2025
dc.date.none.fl_str_mv 2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/20.500.14342/6010
https://doi.org/10.1016/j.sftr.2025.100470
url https://hdl.handle.net/20.500.14342/6010
https://doi.org/10.1016/j.sftr.2025.100470
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Sustainable Futures, Vol. 9, 100470
dc.rights.none.fl_str_mv Attribution 4.0 International
© L'autor/a
http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution 4.0 International
© L'autor/a
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 10 p.
dc.publisher.none.fl_str_mv Elsevier Ltd.
publisher.none.fl_str_mv Elsevier Ltd.
dc.source.none.fl_str_mv reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,81155

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