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Going greener, performing better? The case of private family firms

Bauweraerts, Jonathon, Arzubiaga, Unai orcid logoORCID: 0000-0001-9914-9881 and Diaz-Moriana, Vanessa orcid logoORCID: 0000-0002-6817-984X (2022) Going greener, performing better? The case of private family firms. Research in International Business and Finance, 63 . ISSN 0275-5319

Abstract
In line with recent developments stressing the contextual sensitivity of the performance impli- cations of sustainable development goals, this article explores the relationship between green innovation adoption and performance in private family firms. Drawing on the upper echelons theory, this research suggests that the influence of green innovation adoption on performance is contingent upon two important family-firm specific sources of top management team (TMT) di- versity: family involvement and generational involvement. Using a sample of 191 private family firms, our results show that the positive impact of green innovation adoption on performance is attenuated as the ratio of family members involved in the TMT increases. In contrast, a higher number of generations involved in the TMT strengthens the positive relationship between green innovation adoption and performance. Our findings contribute to the scarce literature on sus- tainable development goals and green innovation in the family business context, stressing that the type of family involvement in the TMT conditions the ability of private family firms to turn green behaviors into performance gains.
Metadata
Item Type:Article (Published)
Refereed:Yes
Additional Information:Article Number: 101784
Uncontrolled Keywords:Family firms; Green innovation; Performance Top management team; Upper echelons
Subjects:UNSPECIFIED
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Elsevier
Official URL:https://doi.org/10.1016/j.ribaf.2022.101784
Copyright Information:© 2022 The Authors
ID Code:28258
Deposited On:19 Apr 2023 15:37 by Luke O'callaghan Smith . Last Modified 18 Jul 2023 15:03
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