Examining the Relation Between Ethical Focus and Financial Performance in Family Firms: An Exploratory Study
基于526家家族企业样本，研究发现家族参与通过提升企业伦理焦点间接促进财务绩效，为家族企业治理提供实证参考。
Empirically, the confluence of family involvement, ethics, and performance is a sparse research area. The authors explore a rich theoretical framework relating family involvement, ethical focus, and firm performance and empirically test a mediated model using a sample of 526 family businesses. The results illustrated that a firm’s ethical focus mediated the relation between family involvement and financial performance. Specifically, data supported the relation between family involvement and a firm’s ethical focus. And increased ethical focus predicted increased financial performance. The authors discuss the implications of these findings and offer potential areas for future research in family business studies.