The Role of Family Ownership in Norm-Conforming Environmental Initiatives: Lessons from China
基于制度理论和产权文献，研究中国不同类型所有权企业如何采用遵循规范的环境实践，发现家族所有者因重视社会情感和产权保护而更倾向于此类实践。
Drawing on institutional theory and property rights literature, this paper examines how different types of ownership adopt norm-conforming environmental practices in China. We propose that compared to governmental owners and institutional investors, which align themselves with the state and financial logics, respectively, family owners will adhere to a community logic, given their emphasis on socioemotional elements and property expropriation concerns. Thus, they are prone to norm-conforming environmental practices. Using a sample of 622 Chinese firms over six years, we find general support for the notion that ownership types are strongly associated with the adoption of norm-conforming environmental practices.