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Houssam Bouzgarrou, Zied Ftiti, Majdi Houcine and Wael Louhichi
''Family ownership and corporate social responsibility: the moderating effect of institutional ownership''
( 2022, Vol. 42 No.2 )
The goal of this paper is to examine the impact of family ownership on corporate social responsibility (CSR), taking into account the moderating role of institutional investors. Using a sample of 70 listed French firms over the period 2003–2017, we obtain the following results. Family ownership negatively affects CSR; however, institutional investors positively affect CSR. Interestingly, our results show that institutional investors negatively moderate the relationship between family ownership and CSR.
Keywords: CSR, family ownership, institutional investors
JEL: G3 - Corporate Finance and Governance: General
G1 - General Financial Markets
Manuscript Received : Oct 20 2021 Manuscript Accepted : Jun 30 2022

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