Role of Family Ownership in the Relationship between Corporate Social Responsibility and Firm Performance

Doddy Setiawan, Andi Asrihapsari, Rayenda Khresna Brahmana, Harumi Puspa Rizky, Mega Wahyu Widawati

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)
31 Downloads (Pure)

Abstract

This study examines the effect of corporate social responsibility (CSR) on firm performance in Indonesia. Most Indonesian companies are family-owned; therefore, it is important to consider the family ownership's role in the relationship between CSR and firm performance. The study sample consists of 285 Indonesian listed firms for the period 2015-2019. Our results show that CSR positively affects performance. Companies that conduct more CSR activities perform better, indicating their importance. Further, the interaction between family ownership and CSR negatively affects firm performance. Therefore, family ownership weakens the positive effects of CSR. Family owners have significant disincentives for the CSR's positive effect in improving firm performance.

Original languageEnglish
Article number1318875
Number of pages9
JournalComplexity
Volume2022
DOIs
Publication statusPublished - 11 Apr 2022
Externally publishedYes

Bibliographical note

Copyright © 2022 Doddy Setiawan et al. )is is an open access article distributed under the Creative Commons Attribution
License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is
properly cited.

ASJC Scopus subject areas

  • Computer Science(all)
  • General

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