Environmental sustainability orientation and performance of family and nonfamily firms
Despite the growing research evidence on the effect of environmental sustainability orientation (ESO) on firm outcomes, contingent factors that may influence the strength of this relationship have received little scholarly attention. In this study, we use insights from the literature on ESO and family business to introduce family status and firm age as moderators in the ESO-performance linkage. Using time-lagged data from 253 small and medium-sized enterprises (SMEs) in Ghana, we found the impact of ESO on firm performance is amplified for nonfamily firms but not significant for family firms. Our evidence suggests it is stronger among older firms than younger ones. Implications and directions for future research are discussed.
The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.
Citation : Adomako A., Amankwah-Amoah, J., Danso, A., Konadu, R. and Owusu-Agyei, S. (2019) Environmental sustainability orientation and performance of family and nonfamily firms. Business Strategy and the Environment,
Research Group : FiBRe
Research Institute : Finance and Banking Research Group (FiBRe)
Peer Reviewed : Yes