What motivates environmental and social sustainability in family firms? A cross‐cultural survey
通过智利和印度的调查,研究了家族冲突、信任和社会情感财富如何影响家族企业的环境与社会战略选择,发现文化因素和代际动态起重要作用。
Abstract Evidence shows that positive family dynamics can motivate environmental and social strategies (ESS) in family firms. Using a stated choice method, we examine how family conflict, trust and socioemotional wealth (SEW) influence ESS choices and interact with other trade‐offs among family firms in two distinct cultural contexts: Chile and India. In Chile, we found that where there was more conflict, there were less ESS choices selected. However, in Chile, higher trust produced less relational conflict and more ESS preferences, suggesting supportive norms and group cohesion in these firms. Chilean respondents selected ESS choices more generally, which may be influenced by cultural dimensions that support sustainability, like uncertainty avoidance, indulgence and collectivism. Formal written sustainability visions in family firms created positive environmental norms in both countries and in Chile led to higher ESS preferences. Indian respondents with higher SEW were more likely to adopt ESS choices. Younger family firms in both countries were more likely to adopt ESS, suggesting generational dynamics and selectivity theory may be at play. Creating safeguards for maintaining positive emotional dynamics and tools for creating formal sustainability visions are important steps for enabling ESS among family firms.