Aspiration performance gap, second generation involvement in management, and family Firms' environmental responsibility
基于2011-2021年中国6268家上市制造家族企业面板数据，研究发现正向期望绩效差距会降低环境责任，而绝对负向差距与环境责任呈倒U型关系，且二代涉入管理起调节作用。
Abstract How does the aspiration performance gap affect environmental responsibility of family firms? Using the theory of performance feedback theory and panel data from 6268 Chinese A‐share listed manufacturing family firms from 2011 to 2021, the study shows that (1) The positive aspiration performance gap negatively affects environmental responsibility, while the absolute negative aspiration performance gap shows an inverted U‐shaped relationship. (2) Second generation involvement in management has varying moderating effects on the relationship between different aspiration performance gaps and environmental responsibility. These results enhance the understanding of the heterogeneity in family firms' strategic behaviors and provide valuable insights for family firms' strategic decision‐making regarding environmental responsibility.