Haven‐Sent? Tax Havens, Corporate Social Irresponsibility and the Dark Side of Family Firm Internationalization
研究家族企业国际化中利用避税天堂的倾向，发现相比非家族企业，家族企业因社会情感财富考量而较少从事这种企业社会不负责任行为，并分析了税务顾问和代际参与的影响。
Abstract Family firms have been associated with an enhanced propensity for corporate social responsibility (CSR), but does this imply that family firms have a reduced propensity for corporate social irresponsibility (CSI)? Drawing on the behavioural agency model (BAM) and socio‐emotional wealth (SEW) perspectives, our study explores the ‘dark side’ of family firm internationalization, by focusing specifically on the use of tax havens. We theorize that decision trade‐offs to internationalize to tax haven locations tend to be tempered by SEW considerations in family firms, which subsequently decreases the propensity of family firms to engage in this form of CSI, when compared to non‐family firms. We explore how family firm heterogeneity, such as relationships with tax advisors and generational involvement in the family business, influence their propensity for tax haven internationalization. Our analysis examines 1,024 US family and non‐family firms between 2010 and 2018, and confirms the effects of SEW and family firm heterogeneity on tax haven internationalization.