Family firms and carbon emissions
利用2010-2019年6600家非金融企业的跨国数据，研究发现家族企业碳排放低于非家族企业，尤其在《巴黎协定》后更明显，但环境评分较低，原因包括治理结构、家族控制度、研发投入和绿色专利等因素。
This study examines the relationship between family firms and carbon emissions using a large cross-country dataset of 6600 non-financial firms over the period 2010–2019. We find that family firms emit less carbon than non-family firms, especially after the Paris Agreement. Several factors contribute to this outcome, including governance structure, the degree of family control, R&D spending, and the issuance of green patents. Our study also shows that despite lower carbon emissions, family firms have lower environmental scores, primarily due to their reduced public commitment to emission reduction. Both environmental scores and carbon emissions increase when non-family CEOs are appointed and when family ownership decreases, indicating that agency conflicts may influence these outcomes.