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

doi:10.1155/2022/1318875

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 journal › Article › peer-review

8 Citations (Scopus)

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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 language	English
Article number	1318875
Number of pages	9
Journal	Complexity
Volume	2022
DOIs	https://doi.org/10.1155/2022/1318875
Publication status	Published - 11 Apr 2022
Externally published	Yes

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

General Computer Science
General

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1155/2022/1318875

e8579356-2ae5-499b-9523-bbd9157ad3ddFinal published version, 1.24 MBLicence: CC BY

Cite this

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AU - Widawati, Mega Wahyu

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

Abstract

Bibliographical note

ASJC Scopus subject areas

UN SDGs

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